Financial Performance - GCI Holdings reported revenue of $262 million for Q3 2024, an increase of $22 million compared to Q3 2023, and $753 million for the nine months ended September 30, 2024, up from $731 million in the same period last year [123][124]. - Operating income for GCI Holdings increased to $42 million in Q3 2024 from $30 million in Q3 2023, and for the nine months, it rose to $109 million from $91 million [123][125]. - Adjusted OIBDA for GCI Holdings was $100 million in Q3 2024, up from $89 million in Q3 2023, and $276 million for the nine months, compared to $271 million in the prior year [123][127]. - Revenue for the three months ended September 30, 2024, was $13,795 million, an increase of $211 million from $13,584 million in the prior year, and for the nine months, it rose to $41,159 million from $40,896 million [135]. - Net income for the three months ended September 30, 2024, was $1,474 million, compared to $1,436 million in the prior year, and for the nine months, it increased to $4,177 million from $4,032 million [135]. - Share of earnings from affiliates increased by $20 million and $31 million for the three and nine months ended September 30, 2024, respectively, due to higher net income at Charter [133]. - Cash flow from operating activities provided $103 million for the nine months ended September 30, 2024, compared to a use of $(46) million in the prior year [152]. - Total revenue for the nine months ended September 30, 2024, was $753 million, an increase from $731 million in 2023, with adjusted OIBDA rising to $276 million from $271 million [161][162]. Customer Trends - Charter lost 110,000 Internet customers in Q3 2024 but added 545,000 mobile lines, indicating a shift in customer demand [117]. - Charter's Spectrum One offering contributed to mobile line growth, providing a bundled service that includes Internet, WiFi, and mobile connectivity [118]. - Consumer data revenue increased by $2 million and $4 million for the three and nine months ended September 30, 2024, respectively, driven by higher recurring monthly charges [164]. - Business data revenue rose by $20 million and $25 million for the three and nine months ended September 30, 2024, respectively, primarily due to increased sales to health care and education customers [167]. Operating Expenses - Operating expenses increased by $5 million and $8 million for the three and nine months ended September 30, 2024, respectively, mainly due to higher distribution costs [170]. - Selling, general, and administrative expenses increased by $6 million and $9 million for the three and nine months ended September 30, 2024, respectively, primarily due to labor-related costs [171]. Investments and Initiatives - Charter invested $581 million in its subsidized rural construction initiative in Q3 2024, activating approximately 114,000 subsidized rural passings [119]. - Charter's network evolution initiative is progressing, with plans to deliver symmetrical and multi-gigabit speeds across its footprint [119]. - Charter launched its Life Unlimited brand platform in September 2024, aimed at enhancing customer service and simplifying pricing structures [120]. Economic and Financial Challenges - The company faces challenges from inflationary pressures affecting costs of materials and labor, which could impact margins if not managed effectively [113]. - GCI Holdings' business is sensitive to economic conditions in Alaska, particularly fluctuations in the oil industry and state government spending, which could affect demand for its services [111]. - Interest expense decreased by $8 million and $2 million for the three and nine months ended September 30, 2024, respectively, driven by lower amounts outstanding on the Margin Loan Facility [131]. - Other expenses, net increased by $134 million and $200 million for the three and nine months ended September 30, 2024, primarily due to increased interest expense and losses on financial instruments [140]. Debt and Cash Management - As of September 30, 2024, GCI Holdings had variable rate debt of $427 million at a weighted average interest rate of 7.0% and fixed rate debt of $600 million at a weighted average interest rate of 4.8% [177]. - The projected uses of cash for the remainder of 2024 include approximately $20 million for net capital expenditures and $60 million for interest payments on outstanding debt [156]. - The company expects corporate cash and other available sources of liquidity to cover corporate expenses for the foreseeable future [156].

Core Insights - Liberty Broadband reported quarterly earnings of $0.99 per share, missing the Zacks Consensus Estimate of $2.68 per share, and down from $1.10 per share a year ago, representing an earnings surprise of -63.06% [1] - The company posted revenues of $262 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 10.36% and up from $240 million year-over-year [2] - The stock has gained approximately 25.8% year-to-date, outperforming the S&P 500's gain of 24.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.72 on revenues of $247.14 million, and for the current fiscal year, it is $8.45 on revenues of $975.56 million [7] - The estimate revisions trend for Liberty Broadband is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Cable Television industry, to which Liberty Broadband belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Core Insights - Liberty Broadband (LBRDK) shares increased by 11.2% to close at $89.90, driven by notable trading volume, compared to a 4.7% gain over the past four weeks [1][2] Company Performance - Liberty Broadband is set to report quarterly earnings of $2.68 per share, reflecting a year-over-year increase of 143.6%. Expected revenues are $237.41 million, a slight decline of 1.1% from the previous year [3] - The consensus EPS estimate for Liberty Broadband has been revised 19.3% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [4] Industry Context - Liberty Broadband is part of the Zacks Cable Television industry, where another company, Cable One (CABO), saw its shares rise by 5.4% to $359.98, although CABO has returned -0.4% over the past month [4] - Cable One's consensus EPS estimate has decreased by 0.2% over the past month to $9.93, representing a year-over-year decline of 7.9% [5]

Core Insights - Liberty Broadband shares surged after making a counteroffer to Charter Communications' merger proposal, offering 0.29 Charter shares for each Liberty share, compared to Charter's initial offer of 0.228 shares [1] - Liberty Broadband holds a 26% stake in Charter, which provides internet, cable television, and mobile phone services under the Spectrum brand [1] - The counteroffer includes Charter assuming or refinancing Liberty's debt and outstanding preferred stock, with a proposed closing date of June 30, 2027, or earlier [1] - Liberty's CEO stated that the counteroffer would benefit both companies by rationalizing their corporate structure and enhancing trading liquidity [1] - Following the news, Liberty Broadband shares increased nearly 25% to $76.01, although they have lost over 5% in 2024 so far; Charter shares fell 1.7% to $326, down more than 16% year-to-date [1]

Core Insights - Liberty Broadband reported quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $2.51 per share, and down from $1.71 per share a year ago, representing an earnings surprise of -45.82% [1] - The company posted revenues of $246 million for the quarter ended June 2024, slightly surpassing the Zacks Consensus Estimate by 0.72%, and showing a marginal increase from $245 million year-over-year [2] - Liberty Broadband shares have declined approximately 20.5% since the beginning of the year, contrasting with the S&P 500's gain of 9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.60 on revenues of $238.63 million, and for the current fiscal year, it is $9.05 on revenues of $976.32 million [7] - The estimate revisions trend for Liberty Broadband is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Cable Television industry, to which Liberty Broadband belongs, is currently ranked in the top 43% of over 250 Zacks industries, suggesting that companies in the top half tend to outperform those in the bottom half by more than 2 to 1 [8]

Revenue and Earnings - Liberty Broadband reported total revenue of $245 million for Q1 2024, a slight decrease of 1% compared to $246 million in Q1 2023[19]. - GCI's consumer revenue declined by 1% to $117 million, driven by decreases in video revenue[13]. - Net earnings attributable to Liberty Broadband shareholders surged from $69 million in Q1 2023 to $241 million in Q1 2024, representing a substantial increase of 249%[31]. Operating Income and Adjusted OIBDA - GCI's operating income increased by 28% to $37 million in Q1 2024, up from $29 million in Q1 2023[10]. - Liberty Broadband's adjusted OIBDA increased from $82 million in Q1 2023 to $85 million in Q1 2024, reflecting a growth of 3.7%[28]. - The company's operating income rose significantly from $16 million in Q1 2023 to $28 million in Q1 2024, marking a 75% increase[31]. Cash Flow and Expenditures - GCI's cash decreased by $9 million in Q1 2024, primarily due to debt repayment and capital expenditures[8]. - Capital expenditures for GCI in Q1 2024 were $46 million, with expectations of approximately $200 million for the full year 2024[15]. - Capital expenditures increased from $54 million in Q1 2023 to $61 million in Q1 2024, an increase of 12.9%[32]. - The net cash provided by operating activities rose from $41 million in Q1 2023 to $52 million in Q1 2024, an increase of 26.8%[32]. Debt and Assets - Liberty Broadband's total debt decreased by $41 million to $3.769 billion in Q1 2024, with GCI's leverage at 2.8x[9]. - Liberty Broadband's long-term debt decreased from $3,733 million in 2023 to $3,636 million in 2024, a decline of 2.6%[30]. - Total assets increased slightly from $15,641 million in 2023 to $15,740 million in 2024, a growth of 0.6%[30]. - Cash and cash equivalents decreased from $158 million in Q1 2023 to $108 million in Q1 2024, a decline of 31.6%[30]. - The company reported a decrease in total current assets from $430 million in 2023 to $350 million in 2024, a reduction of 18.6%[30]. Share Repurchase and Authorizations - Liberty Broadband repurchased 103 thousand shares of Series C common stock at an average cost of $79.88 per share, totaling $8.2 million from February 1, 2024, to April 30, 2024[2]. - Liberty Broadband's remaining repurchase authorization as of April 30, 2024, is approximately $1.7 billion[2]. Expenses - The company experienced a decrease in selling, general and administrative expenses from $110 million in Q1 2023 to $105 million in Q1 2024, a reduction of 4.5%[31]. - GCI's Adjusted OIBDA remained flat at $90 million for both Q1 2023 and Q1 2024, with an Adjusted OIBDA margin of 36.7%[10].

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 For the quarterly period ended March 31, 2024 OR ☐ 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 ...

Liberty Broadband (LBRDK) came out with quarterly earnings of $1.69 per share, missing the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -28.99%. A quarter ago, it was expected that this tracking stock would post earnings of $2.62 per share when it actually produced earnings of $1.39, delivering a surprise of -46.95%.Over the last four quarters, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdiction of incorporation or organization) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File ...

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 For the quarterly period ended September 30, 2023 OR ☐ 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 47-1211 ...