Liberty Broadband Q1 2024 Earnings Report
Key Takeaways
Liberty Broadband reported first quarter 2024 results. GCI revenue was flat at $245 million, with operating income of $37 million. Liberty Broadband repurchased 103 thousand shares for $8.2 million.
Fair value of Charter investment was $13.4 billion as of March 31st.
Liberty Broadband did not sell Charter shares to Charter from February 1, 2024 through April 30, 2024 as its fully diluted equity interest in Charter remained below 26%.
From February 1, 2024 through April 30, 2024, Liberty Broadband repurchased 103 thousand LBRDK shares at an average price per share of $79.88 for total cash consideration of $8.2 million
In the first quarter, GCI revenue was flat at $245 million, generated $37 million in operating income.
Liberty Broadband
Liberty Broadband
Liberty Broadband Revenue by Segment
Forward Guidance
GCI's net capital expenditures for the full year 2024 are expected to be approximately $200 million related to additional high-returning investments in middle and last mile connectivity, with continued network expansion in GCI’s most important markets in rural Alaska including the Bethel and AU-Aleutians fiber projects.