Liberty Broadband Corp
NASDAQ:LBRDA

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Liberty Broadband Corp
NASDAQ:LBRDA
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Price: 81.27 USD -0.47%
Market Cap: 11.6B USD

Liberty Broadband Corp
Investor Relations

Liberty Broadband Corporation, a brainchild emerging from the strategic mind of media mogul John Malone, stands tall as a unique player in the telecommunications and cable industry. Born out of a corporate spin-off from Liberty Media in 2014, Liberty Broadband has carved a niche for itself primarily through its significant ownership stake in Charter Communications, one of the largest cable operators in the United States. This ownership is the linchpin of its business model, where Liberty Broadband derives substantial financial gain from Charter’s expansive cable and broadband services, providing a steady stream of dividends and appreciating its investment value as Charter's business prospers. This symbiotic relationship underscores Liberty Broadband’s strategy: instead of operating its own cable systems, it essentially positions itself as a holding company, riding the growth and operational success of Charter.

Beyond Charter, Liberty Broadband's operations are bolstered by GCI Liberty, a communication powerhouse in its own right with its foothold in Alaska. Through GCI Liberty, the company taps into a diversified basket of telecommunications services, offering cable TV, internet, and wireless communication solutions across the vast Alaskan terrain. This diversification layers Liberty Broadband's revenue streams, reducing exposure solely to the continental U.S. cable market fluctuations and adding another dimension to its revenue growth story. Liberty Broadband’s operational model, thus, pivots on strategic investments and alliances, leveraging growth from its substantial stakes rather than direct service provision, crafting a robust portfolio that aligns with Malone's philosophy of value investing and long-term strategic holdings.

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Earnings Calls

2024 Q4
Feb 27, 2025
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Liberty Broadband's Growth and Strategic Transition Ahead of Spin-off
2024 Q4
Feb 27, 2025

Liberty Broadband is set to be acquired by Charter, with shareholders receiving $0.236 of a Charter share per Liberty share, expected to close by June 30, 2027. Before this, GCI will be spun off to enhance shareholder value, with ~$420 million in tax liabilities covered by Charter. GCI achieved record revenues exceeding $1 billion in 2024, growing by 4% driven by data services. Adjusted OIBDA saw a slight increase to $362 million. GCI plans to invest $250 million in capital expenditures in 2025, focusing on rural connectivity and network improvements.

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Management

Mr. Gregory B. Maffei
CEO, President & Director
No Bio Available
Mr. Brian J. Wendling
Chief Accounting Officer & Principal Financial Officer
No Bio Available
Ms. Renee L. Wilm J.D.
Chief Legal Officer & Chief Administrative Officer
No Bio Available
Mr. Wade D. Haufschild
Senior Vice President
No Bio Available
Mr. Ben Oren
Executive VP & Treasurer
No Bio Available
Ms. Katherine C. Jewell
VP & Secretary
No Bio Available

Contacts

Address
COLORADO
Englewood
12300 Liberty Blvd
Contacts