Liberty Broadband(LBRDK)

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U.S. Senator makes bizarre Formula 1 stock trade
Finbold· 2025-05-27 15:18
United States Senator John Hickenlooper has filed a series of highly unusual stock trades involving Liberty Media Formula One (NASDAQ: FWONK) and Liberty Broadband (NASDAQ: LBRDK). These Senate trades stand out from the typical patterns seen in congressional disclosures. Receive Signals on US Senators' Stock Trades Stocks Stay up-to-date on the trading activity of US Senators. The signal triggers based on updates from the Senate disclosure reports, notifying you of their latest stock transactions. On ...
Liberty Broadband(LBRDK) - 2025 Q1 - Quarterly Results
2025-05-07 21:29
LIBERTY BROADBAND REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS Englewood, Colorado, May 7, 2025 – Liberty Broadband Corporation ("Liberty Broadband") (Nasdaq: LBRDA, LBRDK, LBRDP) today reported first quarter 2025 results. Exhibit 99.1 The following presentation is provided to separately identify cash and liquid investments, debt and public holdings of Liberty Broadband as of December 31, 2024 and March 31, 2025. | (amounts in millions) | | 12/31/2024 | | 3/31/2025 | | --- | --- | --- | --- | --- | | Cash, ...
Liberty Broadband(LBRDK) - 2025 Q1 - Quarterly Report
2025-05-07 17:40
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36713 LIBERTY BROADBAND CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 47-1211994 For the quarterly period ended March 31, 2025 OR ...
Liberty Broadband: The Smarter Charter Investment
Seeking Alpha· 2025-04-26 15:35
Core Insights - The individual has extensive experience across various roles including sales, project management, and software engineering, showcasing a diverse skill set [1] - After retiring in 2004, the individual transitioned to fund management, applying value investing principles from renowned investors [1] - The individual has achieved recognition in investment competitions, indicating a successful track record in investment strategies [1] Investment Strategy - The investment approach is based on value investing principles established by notable figures such as Benjamin Graham and Warren Buffett [1] - A specific article titled "The Portfolio For Early Retirees" outlines a practical investment portfolio structure tailored for early retirees [1] - The individual emphasizes the importance of gathering above-average knowledge about stock picks, which requires significant time investment [1] Contributions and Engagement - The individual has been a regular contributor to Seeking Alpha Pro, indicating active participation in investment discussions and analysis [1] - Transparency is prioritized, with related positions disclosed at the end of articles to maintain clarity for readers [1] - Engagements with readers are framed as hypothetical examples or exchanges of opinion rather than formal investment advice [1]
Liberty Broadband(LBRDK) - 2024 Q4 - Annual Results
2025-02-27 22:54
Exhibit 99.1 LIBERTY BROADBAND REPORTS FOURTH QUARTER AND YEAR END 2024 FINANCIAL RESULTS Englewood, Colorado, February 27, 2025 – Liberty Broadband Corporation ("Liberty Broadband") (Nasdaq: LBRDA, LBRDK, LBRDP) today reported fourth quarter and year end 2024 results. Headlines include (1): "Our merger with Charter is progressing well, including getting the requisite shareholder approval yesterday, and we are actively working towards spinning off GCI this year," said John Malone, Liberty Broadband Chairman ...
Liberty Broadband(LBRDK) - 2024 Q4 - Annual Report
2025-02-27 20:24
Ownership and Control - Liberty Broadband controls 25.01% of the aggregate voting power of Charter Communications, Inc.[457] - As of December 31, 2024, Liberty Broadband owned approximately 45.3 million shares of Charter Class A common stock, representing an approximate 31.9% economic ownership interest in Charter[467] Financial Performance - GCI Holdings reported a revenue increase of $35 million for the year ended December 31, 2024, reaching $1,016 million compared to $981 million in 2023[508] - Operating income for GCI Holdings increased by $27 million to $144 million for the year ended December 31, 2024, compared to $117 million in 2023[510] - Adjusted OIBDA for GCI Holdings was $362 million for the year ended December 31, 2024, slightly up from $361 million in 2023[508] - Charter's revenue increased by $478 million to $55,085 million in 2024, primarily due to growth in mobile lines and advertising sales[522] - Charter's Adjusted OIBDA increased by $495 million to $22,442 million in 2024 compared to 2023[524] - GCI Holdings reported total revenue of $1,016 million for the year ended December 31, 2024, an increase from $981 million in 2023[570] Debt and Financing - As of November 12, 2024, Liberty Broadband had existing debt of $2.6 billion, which will be repaid or assumed by Charter prior to the closing of the Combination[463] - Net cash used in financing activities was $181 million in 2024, primarily for the repurchase of approximately $300 million in debentures and net repayments of $670 million on the Margin Loan Agreement[542] - Total material cash requirements amount to $6,445 million, with $3,666 million in debt due, and $2,138 million for interest expense and preferred stock dividends[547] - As of December 31, 2024, GCI Holdings had $451 million in variable rate debt with a weighted average interest rate of 6.3% and $600 million in fixed rate debt with a weighted average interest rate of 4.8%[583] Operational Changes and Strategies - The Combination is expected to close on June 30, 2027, subject to customary closing conditions and the divestiture of GCI business[462] - Liberty Broadband will divest the GCI business prior to the closing of the Combination, which is expected to be taxable to Liberty Broadband and its stockholders[460] - Charter lost 508,000 Internet customers in 2024, attributed to the end of the FCC's Affordable Connectivity Program and competitive pressures[500] - Charter added 2,117,000 mobile lines in 2024, benefiting from its pricing and packaging strategy[500] - The company plans to exit the video business in 2025, subject to regulatory approvals[572][576] Compliance and Legal Matters - GCI Holdings recognized an estimated liability of $27 million related to RHC Program compliance issues, including a $15 million settlement expense recorded in 2022[489] - The company entered into a final settlement agreement with the FCC and DOJ, resulting in a total cash payment of $41 million in 2023[492] - GCI Holdings is unable to estimate the potential outcome of ongoing compliance issues identified in the third quarter of 2022[491] Revenue Streams - GCI Holdings earns revenue from monthly fees for data, wireless, video, voice, and managed services, as well as universal service subsidies from the FCC[469] - Consumer data revenue increased by $5 million to $238 million in 2024, driven by higher recurring monthly charges from subscribers[570] - Business data revenue increased by $42 million for the year ended December 31, 2024, driven by increased sales to health care and education customers[573] - Consumer other revenue decreased by $2 million for the year ended December 31, 2024, compared to 2023, primarily due to a decline in video subscribers[572] - Business other revenue decreased by $5 million for the year ended December 31, 2024, primarily due to decreased local and long-distance voice revenue[574] Expenses and Costs - Operating expenses for GCI Holdings were $257 million in 2024, compared to $245 million in 2023[569] - Operating expenses increased by $12 million for the year ended December 31, 2024, mainly due to higher distribution costs[577] - Selling, general and administrative expenses increased by $22 million for the year ended December 31, 2024, primarily due to increased labor-related costs[578] - Stock-based compensation decreased by $3 million for the year ended December 31, 2024, due to lower value of new awards granted[579] - Depreciation and amortization decreased by $23 million for the year ended December 31, 2024, as certain assets became fully depreciated[580] Cash Flow and Liquidity - Net cash provided by operating activities increased to $104 million in 2024 from $16 million in 2023, driven by timing differences in working capital[538] - Liberty Broadband had a cash and cash equivalents balance of $163 million as of December 31, 2024[537] - The company expects corporate cash and other available sources of liquidity to cover corporate expenses for the foreseeable future[544] Market Risks - The Alaska economy's dependence on the oil industry and state spending poses risks to GCI Holdings' business, particularly in the event of a recession[474]
Liberty Broadband(LBRDK) - 2024 Q4 - Earnings Call Transcript
2025-02-27 19:15
Liberty Broadband Corporation (NASDAQ:LBRDK) Q4 2024 Results Conference Call February 27, 2025 11:15 AM ET Company Participants Shane Kleinstein - Investor Relations Brian Wendling - Chief Financial Officer Ben Oren - Executive VP & Treasurer Ron Duncan - Co-Founder, CEO & Director Marty Patterson - Co-Head of Corporate Development Conference Call Participants Kutgun Maral - Evercore ISI Matthew Harrigan - Benchmark Operator Greetings, and welcome to the Liberty Broadband 2024 Year-end Earnings Call. [Opera ...
Liberty Broadband Corporation Is Being Investigated For Securities Fraud And Impacted Investors Are Urged To Contact The Schall Law Firm
ACCESSWIRE Newsroom· 2025-01-17 18:15
Group 1 - Liberty Broadband Corporation is currently under investigation for securities fraud, which raises concerns among investors [1] - The Schall Law Firm is urging impacted investors to reach out for potential legal action [1]
The Schall Law Firm Invites Shareholders With Losses To Join An Inquiry Into Liberty Broadband Corporation For Securities Law Violations
ACCESSWIRE Newsroom· 2025-01-16 17:30
Group 1 - The Schall Law Firm is inviting shareholders of Liberty Broadband Corporation who have incurred losses to participate in an inquiry regarding potential violations of securities laws [1] - The inquiry is focused on assessing whether Liberty Broadband Corporation engaged in any unlawful activities that may have affected shareholder value [1] - This action indicates a growing concern among investors about the company's compliance with securities regulations [1]
LBRDK Investors Have the Opportunity to Join Investigation of Liberty Broadband Corporation with the Schall Law Firm
Prnewswire· 2024-11-22 15:46
Group 1 - The Schall Law Firm is investigating claims on behalf of investors in Liberty Broadband Corporation for potential breaches of fiduciary duty by its directors and management [1] - The investigation aims to determine if the Liberty Broadband board has breached its fiduciary duties to shareholders [1] Group 2 - Shareholders are encouraged to participate in the investigation and can contact the Schall Law Firm for a free discussion of their rights [2]