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Sep 30, 2023
Liberty Broadband Q3 2023 Earnings Report
Liberty Broadband reported third quarter 2023 financial results, with GCI revenue decreasing and resumed Charter share sales.
Key Takeaways
Liberty Broadband's third quarter 2023 saw a decrease in GCI revenue by 3% to $240 million and operating income of $30 million. The company resumed Charter share sales and repurchased LBRDK shares. The fair value of Charter investment was $20.7 billion as of September 30th.
Fair value of Charter investment was $20.7 billion as of September 30th.
Liberty Broadband resumed Charter share sales to Charter in October, receiving $48 million of proceeds from the sale of 111 thousand Charter shares.
Maintained fully diluted equity interest in Charter of 26%.
GCI revenue decreased 3% to $240 million, with operating income of $30 million.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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