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Sep 30, 2024
Liberty Broadband Q3 2024 Earnings Report
Liberty Broadband reported an increase in GCI revenue and operating income for the third quarter of 2024.
Key Takeaways
Liberty Broadband reported third quarter 2024 results, including a 9% increase in GCI revenue to $262 million and operating income of $42 million. The fair value of Charter investment was $14.8 billion as of September 30th. Liberty Broadband is in discussions regarding a proposed all-stock combination with Charter.
Fair value of Charter investment was $14.8 billion as of September 30th
Liberty Broadband and Charter are discussing a proposed all-stock combination.
Liberty Broadband received $74 million from sale of 225 thousand Charter shares.
GCI increased revenue 9% to $262 million
Liberty Broadband
Liberty Broadband
Liberty Broadband Revenue by Segment
Revenue by Segment
GCI Holdings Revenue
CapyFin.com 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, the proposed transaction with Charter and its expected benefits, 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, 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 the proposed transaction with Charter and its expected benefits
Challenges Ahead
- possible changes in market acceptance of new products or services
- competitive issues
- regulatory matters affecting our businesses
- continued access to capital on terms acceptable to Liberty Broadband
- changes in law and government regulations