Liberty Broadband Q2 2022 Earnings Report
Key Takeaways
Liberty Broadband reported flat revenue for GCI at $238 million, while operating income was $10 million. Adjusted OIBDA grew 1% to $90 million. From May 1st through July 31st, Liberty Broadband repurchased 9.0 million LBRDA/K shares at an average price per share of $116.40 for total cash consideration of $1.0 billion.
Fair value of Charter investment was $23.5 billion as of June 30th.
From May 1st through July 31st Liberty Broadband received $1.1 billion of proceeds from sale of 2.2 million Charter shares to Charter.
Maintained fully diluted equity interest in Charter of 26%.
From May 1st through July 31st, Liberty Broadband repurchased 9.0 million LBRDA/K shares at an average price per share of $116.40 for total cash consideration of $1.0 billion.
Liberty Broadband
Liberty Broadband
Liberty Broadband Revenue by Segment
Forward Guidance
GCI's net capital expenditures for the full year 2022 are expected to be approximately $150 million.