Liberty Broadband Corporation reported its financial results for the third quarter of 2025, revealing a net loss of $154 million, compared to a net income of $142 million in the same period last year. The company's revenue for the quarter was $6 million, a decrease from $7 million in the prior year. The decline in profitability is attributed to increased operating expenses and a significant impairment charge related to the divestiture of its GCI business, which was completed in July 2025. The company’s operating loss for the quarter was $8 million, an improvement from a loss of $11 million in the same quarter of 2024.
In terms of significant changes, Liberty Broadband completed the GCI Divestiture, which involved spinning off its GCI business to GCI Liberty, Inc. This strategic move was part of a broader merger agreement with Charter Communications, which is set to acquire Liberty Broadband. The divestiture has been classified as a discontinued operation in the financial statements, reflecting its major impact on the company's operations and financial results. The company also appointed Martin E. Patterson as the new President and CEO following the divestiture.
Operationally, Liberty Broadband's investment in Charter Communications remains a key focus, with the company holding approximately 33% of Charter's equity. As of September 30, 2025, Liberty Broadband's investment in Charter was valued at approximately $13.1 billion. The company reported a share of earnings from its investment in Charter of $295 million for the quarter, a decrease from $346 million in the prior year. This decline is attributed to changes in Charter's net income, which saw a slight decrease in revenue due to competitive pressures.
Liberty Broadband's cash and cash equivalents stood at $73 million as of September 30, 2025, down from $89 million at the end of 2024. The company reported net cash used in operating activities of $96 million for the nine months ended September 30, 2025, compared to $120 million in the same period last year. The cash flow from investing activities was significantly positive, primarily due to the sale of Charter shares, which generated $900 million. Looking ahead, Liberty Broadband anticipates that the ongoing merger with Charter and the associated share repurchase program will provide liquidity and support its financial position in the coming quarters.
About Liberty Broadband Corp
Liberty Broadband is a holding company primarily owning GCI Holdings, which provides data, wireless, video, voice, and managed services in Alaska, and an equity stake in Charter Communications. Charter is a leading broadband and cable operator serving millions of homes and businesses across the U.S., offering internet, TV, mobile, and advertising services. The company focuses on high-speed connectivity, network expansion, and integrated customer solutions.
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