Financial Performance - Combined revenue increased by $15 million (6.1%) for the three months ended June 30, 2025, and by $36 million (7.3%) for the six months ended June 30, 2025, compared to the same periods in 2024[84] - Operating income for the three months ended June 30, 2025, was $51 million, up from $30 million in the same period of 2024, representing a 70% increase[84] - Net earnings for the three months ended June 30, 2025, were $27 million, compared to $13 million in the same period of 2024, reflecting a 107.7% increase[84] - Total revenue for the three months ended June 30, 2025, was $261 million, an increase of 6% compared to $246 million in the same period of 2024[87] - Adjusted OIBDA for the six months ended June 30, 2025, was $221 million, an increase of $45 million (25.6%) compared to $176 million in the same period of 2024[84] - Adjusted OIBDA increased by $22 million (25.6%) for the three months ended June 30, 2025, compared to the same period in 2024, reaching $108 million[101] - Net cash provided by operating activities for the six months ended June 30, 2025, was $226 million, an increase of 39.5% compared to $162 million in the same period of 2024[108] - As of June 30, 2025, GCI Liberty had a cash and cash equivalents balance of $104 million[107] - The effective income tax rate for the six months ended June 30, 2025, was 31%, compared to 30% for the same period in 2024[104] Subscriber Metrics - Cable modem subscribers decreased to 154,500 as of June 30, 2025, from 159,000 in 2024, a decline of 2.8%[85] - Wireless lines in service increased to 207,000 as of June 30, 2025, compared to 205,600 in 2024, a growth of 0.7%[85] - Consumer data revenue decreased by $3 million (4.8%) for the three months ended June 30, 2025, compared to the same period in 2024, primarily due to a decline in subscribers[88] - Consumer wireless revenue increased by $3 million (6.3%) for the three months ended June 30, 2025, driven by subscriber growth and increased USF support[89] - Business data revenue increased by $19 million (17.9%) for the three months ended June 30, 2025, primarily due to service upgrades with existing customers[91] Economic and Regulatory Challenges - The company expects to defer cash taxes to future years due to the One Big Beautiful Bill Act (OBBBA) enacted in July 2025, which may impact future financial results[78] - GCI Holdings faces inflationary pressures on materials and labor, which could affect its ability to maintain margins[77] - The Alaska economy, which GCI Holdings is heavily reliant on, is subject to recessionary pressures that could adversely affect demand for its services[76] - Legal challenges to the FCC Universal Service Support Programs could disrupt or eliminate financial support, impacting GCI Holdings' revenue and liquidity[81] Capital Expenditures - The projected net capital expenditures for the company are approximately $150 million[111]
GCI Liberty Inc-A(GLIBA) - 2025 Q2 - Quarterly Report