Loading...
•
Mar 31
Liberty Broadband Q1 2025 Earnings Report
Liberty Broadband reported increased revenue and operating income in Q1 2025, driven by strong performance at GCI Holdings.
Key Takeaways
Liberty Broadband posted solid Q1 2025 results with revenue and operating income growth, largely supported by strength in GCI's business segment and improved cost management.
Revenue rose to $266 million, up from $245 million in Q1 2024
Net income attributable to shareholders reached $268 million
GCI Holdings operating income increased 51% to $56 million
Cash and equivalents rose significantly to $565 million, aided by Charter share sales
Liberty Broadband
Liberty Broadband
Liberty Broadband Revenue by Segment
Revenue by Segment
GCI Holdings Revenue
CapyFin.com Forward Guidance
Liberty Broadband plans continued investment in rural Alaska connectivity through GCI and is progressing toward the Charter acquisition and GCI spinoff.
Positive Outlook
- GCI capital expenditures to support middle and last mile buildouts
- Strong liquidity position with $565 million in cash
- Expected spin-off of GCI business in summer 2025
- GCI's leverage ratio improved to 2.8x from 3.1x
- Ongoing Charter share repurchase agreement provides funding flexibility
Challenges Ahead
- Increased selling, general and administrative expenses driven by labor and software costs
- Revenue growth mainly dependent on government-subsidized programs
- Net income influenced heavily by Charter-related investment gains
- Cost savings partly due to non-recurring fiber break disruption
- Continued reliance on Charter stock sales for liquidity and debt service