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Dec 31, 2021

Liberty Broadband Q4 2021 Earnings Report

Liberty Broadband's financial performance in Q4 2021 was marked by a decrease in GCI revenue and operating income, alongside strategic share repurchases and sales of Charter shares, while maintaining a significant equity interest in Charter.

Key Takeaways

Liberty Broadband reported Q4 and year-end 2021 results, featuring a fair value of Charter investment at $35 billion as of December 31st. The company received $1.3 billion from the sale of 1.9 million Charter shares and repurchased 8.8 million LBRDA/K shares for $1.4 billion. GCI's revenue decreased by 3% in Q4, while operating income also declined.

Fair value of Charter investment was $35 billion as of December 31st.

Liberty Broadband received $1.3 billion from sale of 1.9 million Charter shares.

Liberty Broadband repurchased 8.8 million LBRDA/K shares for $1.4 billion.

GCI revenue decreased 3% in Q4 due to roaming contract changes and reduced political advertising revenue.

Total Revenue
$249M
Previous year: $38.3M
+550.6%
EPS
$2.11
Previous year: $1.44
+46.5%
Consumer wireless lines
186.2K
Previous year: 176.9K
+5.3%
Cable modem subscribers
151.9K
Previous year: 140.6K
+8.0%
Gross Profit
$659M
Previous year: $50.6M
+1201.1%
Cash and Equivalents
$191M
Previous year: $1.42B
-86.5%
Free Cash Flow
-$176M
Previous year: -$60.7M
+189.5%
Total Assets
$17B
Previous year: $21.4B
-20.6%

Liberty Broadband

Liberty Broadband

Liberty Broadband Revenue by Segment

Forward Guidance

This document contains forward-looking statements regarding Liberty Broadband's business strategies, market potential, future financial prospects, and other non-historical matters, which are subject to risks and uncertainties.