Liberty Broadband Q1 2021 Earnings Report
Key Takeaways
Liberty Broadband reported first quarter 2021 results, highlighting GCI's revenue growth and strategic share repurchases. GCI's revenue grew by 5%, driven by robust demand for data across both consumer and business customers. Liberty Broadband actively repurchased shares, utilizing proceeds from Charter's buyback program to generate value for shareholders.
Fair value of Charter investment was $36 billion as of March 31st.
Liberty Broadband received $978 million from the sale of Charter shares.
Liberty Broadband repurchased 6.1 million LBRDK shares for $923 million.
GCI grew revenue 5% to $242 million and operating income of $29 million.
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Liberty Broadband Revenue by Segment
Forward Guidance
This press release includes certain forward-looking statements under the Private Securities Litigation Reform Act of 1995, including statements about business strategies, market potential, future financial prospects, matters relating to Liberty Broadband’s equity interest in Charter and Charter’s buyback of common stock, Liberty Broadband’s participation in Charter’s buyback of common stock, matters relating to the Universal Service Administrative Company and Rural Health Care program, indemnification by Liberty Broadband, the continuation of our stock repurchase program and other matters that are not historical facts.