Liberty Broadband Corporation reported a revenue of $266.2 million for the first quarter of 2025, marking a $21 million increase compared to the same period in 2024. The company's operating income rose to $43 million, up from $28 million year-over-year. The increase in revenue was primarily driven by GCI Holdings, which saw growth in both consumer and business data services. Adjusted OIBDA also improved, reaching $99 million, an increase of $14 million from the previous year, reflecting enhanced operational performance.
The financial results indicate a positive trend for Liberty Broadband, with net earnings attributable to shareholders rising to $268 million, compared to $241 million in the prior year. This growth was supported by a decrease in interest expenses, which fell to $40 million from $51 million, and an increase in the share of earnings from its affiliate, Charter Communications, which contributed $318 million in the latest quarter, up from $280 million a year earlier. The company’s basic earnings per share increased to $1.87 from $1.69.
Strategically, Liberty Broadband is navigating significant changes as it prepares for a merger with Charter Communications, expected to close by June 30, 2027. As part of this merger agreement, Liberty Broadband will divest its GCI business, which is anticipated to be taxable for both the company and its shareholders. The merger has led to restrictions on share repurchases, with no shares bought back during the first quarter of 2025, contrasting with the repurchase of 1.1 million shares for $89 million in the same quarter of 2024.
Operationally, GCI Holdings reported a total of 155,800 cable modem subscribers and 202,300 wireless lines in service as of March 31, 2025. The company’s revenue from consumer data services increased slightly, while business data revenue saw a more substantial rise, attributed to service upgrades for healthcare and education customers. However, GCI Holdings is also facing challenges, including potential impacts from economic conditions in Alaska, which could affect demand for its services.
Looking ahead, Liberty Broadband's management expressed cautious optimism, emphasizing the importance of maintaining subscriber growth and managing operational costs amid economic uncertainties. The company is focused on leveraging its strategic position within the telecommunications sector while navigating the complexities of the upcoming merger with Charter.
About Liberty Broadband Corp
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