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Sep 30, 2022

Liberty Broadband Q3 2022 Earnings Report

Liberty Broadband reported mixed results with GCI revenue increasing slightly but operating income decreasing significantly due to a legal settlement accrual.

Key Takeaways

Liberty Broadband's third quarter results showed a slight increase in GCI revenue but a significant decrease in operating income due to a legal settlement accrual. The fair value of Charter investment was $14.7 billion as of September 30th. Liberty Broadband repurchased 5.5 million LBRDA/K shares for $550 million.

Fair value of Charter investment was $14.7 billion as of September 30th

Liberty Broadband received $616 million from sale of 1.4 million Charter shares

Liberty Broadband repurchased 5.5 million LBRDA/K shares for $550 million

GCI revenue increased 1% to $248 million, operating income was $1 million

Total Revenue
$248M
Previous year: $250M
-0.9%
EPS
$2.05
Previous year: $1.29
+58.9%
Wireless lines in service
195.1K
Previous year: 188.8K
+3.3%
Cable modem subscribers
156.1K
Previous year: 147.8K
+5.6%
Gross Profit
$118M
Previous year: $180M
-34.4%
Cash and Equivalents
$203M
Previous year: $319M
-36.4%
Free Cash Flow
-$132M
Previous year: -$16.6M
+694.7%
Total Assets
$15.1B
Previous year: $18.4B
-18.0%

Liberty Broadband

Liberty Broadband

Liberty Broadband Revenue by Segment

Forward Guidance

Liberty Broadband will discuss these highlights and other matters on Liberty Broadband's earnings conference call that will begin at 11:15 a.m. (E.T.) on November 4, 2022.