Liberty Broadband Stock Earnings Reports

GCI Liberty reported solid Q1 2026 operational progress while executing strategic moves to expand beyond Alaska. Key corporate actions: a definitive agreement to acquire Quintillion for $310 million (plus reimbursement and potential earn-outs) to combine subsea and terrestrial fiber with GCI's network — expected to be accretive to free cash flow in the first year after closing — and a $107 million purchase of a 6% equity interest in Liberty Latin America (LLA) with intent to pursue additional LLA shares. The company will rebrand the parent as Liberty Capital Corporation (Alaska operations will remain under the GCI brand). Operational highlights: consumer wireless lines grew ~2% year-over-year to ~200,000 consumer lines (207,700 total lines including business), adding ~1,000 consumer lines in the quarter; data subscribers declined ~3% to 150,500 but broadband losses are stabilizing amid promotions (GCI+ free-for-a-year) and network improvements. Financial summary: Q1 revenue $256M (down 4% YoY) and adjusted OIBDA $93M (down 18% YoY) with about $13M of year-over-year comparability items; consolidated cash ~$448M and total principal debt ~ $1.0B. Reported consolidated net leverage was 1.6x, and pro forma for the LLA investment and Quintillion loan/acquisition activity would be ~2.3x. GCI expects 2026 CapEx of approximately $290M (peak year), with CapEx to decline over coming years back toward historical 15–20% of revenue. Trailing-12-month free cash flow was $99M (down ~13% YoY), driven by higher CapEx and working capital timing. Management emphasized completing Alaska build commitments, investing in network resilience (including 5G and rural expansion), driving convergence across services, and pursuing additional investment opportunities to create shareholder value.