Loading…
Liberty Broadband Corporation
NASDAQ: LBRDK Communication Services Telecom 🔎 Screen
$5.2B
Market Cap
13.4
P/E
PEG
-0.2%
ROCE
-30.1%
ROE
0.14
D/E
OPM
-44.8%
% from 52W High
13
α RS
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for LBRDK including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Liberty Broadband Corporation engages in a range of communications businesses in the United States. The company operates in two segments, GCI Holdings and Charter. The GCI Holdings segment provides a range of data, wireless, video, voice, and managed services to residential, businesses, governmental entities, and educational and medical institutions under the GCI brand primarily in Alaska. The Charter segment offers subscription-based internet, video, and mobile and voice services; and residential and business services, including Spectrum Internet, TV, mobile, and voice for small and medium-sized companies; Spectrum Business that delivers a suite of broadband products and services for businesses and government entities; Spectrum Enterprise, which provides fiber-based solutions; and Spectrum Reach that delivers advertising and production for the media landscape, as well as distributes news coverage and sports programming to its customers through Spectrum Networks. The company also provides Spectrum Security Shield that enables and protects devices at home using network-based security; internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment, and business telephone services; and advertising services on cable television networks, streaming services, and advertising platforms, as well as operates regional sports and news channels. Liberty Broadband Corporation was incorporated in 2014 and is based in Englewood, Colorado.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding LBRDK
View All Superinvestors →
Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 266.6K $13.4M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED GCI Liberty Q1 2026: Revenue $256M, acquires Quintillion, invests in Liberty Latin America
Revenue & Profitability
GCI's first-quarter 2026 total revenue was $256 million, down 4% year-over-year. Adjusted OIBDA was $93 million, down 18% year-over-year, impacted by $13 million in non-recurring items including a $4 million prior-year benefit and $4 million in incremental operating investments. GCI generated $99 million in free cash flow for the trailing twelve months, down 13% year-over-year. Consolidated cash equivalents and restricted cash were $448 million, and total debt principal was approximately $1 billion.
Outlook
Management noted competitive pressure from wireless substitution and limited competition from Starlink's LEO satellite broadband, which contributed to a 3% year-over-year decline in data subscribers. However, the pace of broadband losses is decreasing, indicating a stabilizing base. The company sees an opportunity to bridge the digital divide through rural expansion and expects the Quintillion acquisition to strengthen critical communications infrastructure supporting communities, government, and national security.
Growth Drivers
Key growth levers include the GCI+ free-for-a-year wireless promotion, which drove 500 net postpaid additions and supports convergence (over 40% of broadband customers have a wireless line, and over 60% of postpaid wireless lines are sold as part of a package). The Quintillion acquisition is expected to be accretive to free cash flow in the first year after closing. The Liberty Latin America investment is seen as an opportunity to participate in growth potential in Latin America and the Caribbean.
Balance Sheet & CapEx
Capital expenditures net of grant proceeds totaled $55 million in Q1 2026. Full-year 2026 CapEx is expected to be approximately $290 million, which includes $20 million carried over from 2025. Management expects 2026 to be the peak year of CapEx spend, with the Quintillion acquisition driving substantial cash generation in future years, and CapEx returning to the historical range of 15%-20% of revenue.
Margins
Consumer gross margin increased to 72.2% in Q1 2026, driven by lower video programming costs after exiting the video business in Q3 2025. Business gross margin decreased to 77.3% due to higher distribution costs related to restored service on the Quintillion fiber network. Management did not provide explicit margin guidance but noted incremental investments in operating efficiency of approximately $4 million during the quarter.
Key Risks
Risks flagged in the call include competitive pressure from Starlink leading to data subscriber losses, a 3% year-over-year decline in data subscribers, and ordinary churn in business wireless. The Quintillion fiber break that occurred in 2025 (since repaired) caused a net $2 million benefit in prior-year results. Pro forma for the Quintillion loan and Liberty Latin America investment, consolidated net leverage would rise to 2.3x, and GCI's net leverage to 2.7x.
Generated by AI · Q1 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-06
Q2 revenue was $261 million with Adjusted OIBDA of $96 million, and Free Cash Flow of $59 million over the past year. A new $60 million annual dividend will begin in Q4, and the Quintillion acquisition is expected to drive synergies and cash flow growth.
Q1 2026 Q1 2026 2026-05-07
Announced Quintillion acquisition and $107M investment in Liberty Latin America, with plans for further equity. Revenue and Adjusted OIBDA declined year-over-year, while CapEx is set to peak in 2026. Broadband losses are stabilizing amid competitive pressures.
Q4 2025 Q4 2025 2026-02-11
Record revenue and Adjusted EBITDA were achieved, driven by business segment growth and strategic focus on broadband and wireless. CapEx will peak in 2026 for network expansion, with Free Cash Flow up over 70% year-over-year.
Q3 2025 Q3 2025 2025-11-05
Revenue declined 2% year-over-year to $257 million, with adjusted EBITDA down 8% to $92 million, mainly due to the exit from the video business and higher SG&A. Consumer wireless grew 2%, while data subscribers fell 3%. A $525 million impairment charge was recorded.
Q2 2025 Q2 2025 2025-08-07
Completed GCI Liberty spin-off, posted record $405M LTM EBITDA, and grew Q2 revenue 6% year-over-year. Consumer wireless grew, but data subscribers declined due to competition and program changes. S&P raised credit rating after refinancing and debt reduction.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.