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Jun 30, 2023
Liberty Broadband Q2 2023 Earnings Report
Liberty Broadband reported second quarter results with GCI revenue increasing and operating income improving.
Key Takeaways
Liberty Broadband reported second quarter 2023 results. GCI increased revenue 3% to $245 million and operating income grew significantly. Liberty Broadband did not sell Charter shares during the period.
Fair value of Charter investment was $17.3 billion as of June 30th.
Liberty Broadband did not sell Charter shares to Charter from May 1st through July 31st.
Liberty Broadband received a $25 million dividend from GCI subsequent to quarter-end on July 5th; $65 million received year-to-date.
GCI increased revenue 3% to $245 million, generated $32 million in operating income.
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, capital expenditures, 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, indemnification by Liberty Broadband, the continuation of our stock repurchase program and other matters that are not historical facts.
Positive Outlook
- Statements about business strategies
- Statements about market potential
- Statements about future financial prospects
- Statements about capital expenditures
- Statements about matters relating to Liberty Broadband’s equity interest in Charter and Charter’s buyback of common stock
Challenges Ahead
- Possible changes in market acceptance of new products or services
- Competitive issues
- Regulatory matters affecting our businesses
Historical Earnings Impact
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Avg. Return Before/After Earnings
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