Loading...
•
Dec 31, 2020
Liberty Broadband Q4 2020 Earnings Report
Liberty Broadband's financial performance was marked by the completion of the GCI Liberty acquisition, growth in GCI revenue and operating income, and strategic capital market activities.
Key Takeaways
Liberty Broadband reported fourth quarter and year-end 2020 results, highlighting the completion of the GCI Liberty acquisition, a significant fair value of its Charter investment, and an increased repurchase authorization. GCI's revenue grew by 12% and operating income increased.
Completed acquisition of GCI Liberty on December 18th.
Fair value of Charter investment was $39 billion as of December 31st.
Liberty Broadband expects to participate in Charter’s buyback to maintain fully diluted equity interest in Charter of 26% beginning March 2021.
Liberty Broadband’s Board of Directors increased remaining repurchase authorization to approximately $2.5 billion.
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, matters relating to Liberty Broadband’s equity interest in Charter and Charter’s buyback of common stock, matters relating to the Universal Service Administrative Company and Rural Health Care program, indemnification by Liberty Broadband, the continuation of our stock repurchase program and other matters that are not historical facts.