Revenue Performance - GCI Liberty reported a 2% decline in total revenue to $257 million for Q3 2025, with consumer revenue down 4% and business revenue flat year-over-year[3]. - GCI Liberty reported a revenue of $257 million for Q3 2025, a decrease from $262 million in Q3 2024[36]. Operating Loss and Impairment - The company incurred an operating loss of $488 million, primarily due to a $525 million non-cash impairment charge related to intangible assets and goodwill[6]. - The operating loss for Q3 2025 was $(488) million, compared to an operating income of $41 million in Q3 2024[36]. - The company recorded an impairment of goodwill and intangible assets amounting to $525 million in Q3 2025[36]. Adjusted OIBDA - Adjusted OIBDA decreased by 8% to $92 million, with an Adjusted OIBDA margin of 35.8%, down 240 basis points from the previous year[7]. - Adjusted OIBDA for Q3 2025 was $92 million, down from $100 million in Q3 2024[34]. Cash Flow and Financial Position - GCI generated net cash provided by operating activities of $357 million and free cash flow of $155 million over the trailing twelve months ended September 30, 2025[12]. - Free cash flow for the twelve months ended September 30, 2025, was $155 million, with net cash provided by operating activities at $357 million[34]. - GCI's cash, cash equivalents, and restricted cash increased by $20 million in Q3 2025, primarily due to cash from operations[25]. - Total current assets increased to $405 million as of September 30, 2025, from $319 million at the end of 2024[35]. - Total liabilities decreased to $1,621 million as of September 30, 2025, from $1,953 million at the end of 2024[35]. - Cash and cash equivalents rose to $124 million as of September 30, 2025, compared to $74 million at the end of 2024[35]. - GCI Liberty's long-term debt decreased to $981 million as of September 30, 2025, from $1,066 million at the end of 2024[35]. Subscriber Metrics - Consumer cable modem subscribers decreased by 3% to 153,100, while consumer wireless lines in service increased by 2% to 207,500[3]. Strategic Initiatives - GCI Liberty announced a $300 million rights offering to all stockholders, expected to commence before year-end[3]. - Capital expenditures for the full year 2025 are projected to be between $225 million and $250 million, primarily for improvements to wireless and data networks in rural Alaska[11]. Business Focus - The company has exited the video business as of September 30, 2025, focusing solely on broadband connectivity services[2]. Net Loss - The net loss for Q3 2025 was $(387) million, contrasting with a net income of $21 million in Q3 2024[36].
GCI Liberty Inc-C(GLIBK) - 2025 Q3 - Quarterly Results