Liberty Broadban Stock Price, News & Analysis

Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has declared its regular quarterly cash dividend for Series A Cumulative Redeemable Preferred Stock holders. The dividend payment will be $0.43750001 per share, payable on January 15, 2025, to stockholders of record as of December 31, 2024.

The company operates in the communications sector, with principal assets including interests in Charter Communications and its subsidiary GCI. GCI serves as Alaska's largest communications provider, offering data, wireless, video, voice, and managed services to consumers and businesses across Alaska and nationwide.

Liberty Broadband reported its Q3 2024 results, highlighting a fair value of Charter investment at $14.8 billion. The company is discussing a potential all-stock combination with Charter. GCI, their principal operating asset, showed strong performance with a 9% revenue increase to $262 million, generating $42 million in operating income and growing Adjusted OIBDA by 12% to $100 million. From August through October 2024, Liberty Broadband received $74 million from selling 225,000 Charter shares while maintaining a 26% equity interest. The company's cash position increased by $95 million in Q3, primarily from Charter share sales.

Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has announced its annual Investor Meeting scheduled for Thursday, November 14, 2024. The event will coincide with Liberty Media 's annual Investor Meeting. Presentations related to Liberty Media will start at approximately 9:30 a.m. E.T., while presentations for Liberty Broadband, Qurate Retail, Inc., and Liberty TripAdvisor Holdings, Inc. are expected to begin around 1:00 p.m. E.T.

During the meeting, the company may provide insights into Liberty Broadband's financial performance and outlook. This event offers an opportunity for investors to gain valuable information about the company's current status and future plans.

Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has announced its plans to release third quarter 2024 earnings and host a conference call on Thursday, November 7th at 11:15 a.m. E.T. The company will issue a press release detailing the results before the market opens on the same day. The release will be available on the company's investor relations website.

The conference call will include prepared remarks followed by a brief Q&A session. During this session, management will address questions regarding both Liberty Broadband and Liberty TripAdvisor Holdings, Inc. The discussion may cover financial performance and outlook for these companies, along with other relevant matters.

Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has announced that its President and CEO, Greg Maffei, will be presenting at the Goldman Sachs Communacopia & Technology Conference. The presentation is scheduled for Tuesday, September 10th at 6:05 p.m. E.T. in San Francisco.

During his presentation, Mr. Maffei is expected to discuss the company's financial performance and outlook, along with other relevant topics. This event provides an opportunity for investors and analysts to gain insights into Liberty Broadband's current status and future plans.

Liberty Broadband's participation in this high-profile conference underscores its commitment to engaging with the investment community and maintaining transparency in its operations.

Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has declared a quarterly cash dividend for holders of its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend amount is set at $0.43750001 per share, payable on October 15, 2024, to stockholders of record as of September 30, 2024. Liberty Broadband operates in various communications businesses, with its principal assets including an interest in Charter Communications and ownership of GCI, Alaska's largest communications provider. GCI offers a range of services including data, wireless, video, voice, and managed services to consumers and businesses across Alaska and nationwide.

Liberty Broadband reported Q2 2024 results, highlighting key financial metrics and operations. The fair value of its Charter investment was $13.7 billion as of June 30th. The company issued $860 million in exchangeable senior debentures and used the proceeds to repay debt and repurchase debentures. GCI revenue remained flat at $246 million, with operating income of $30 million and a 7% decrease in Adjusted OIBDA to $86 million. Liberty Broadband maintained a 26% fully diluted equity interest in Charter and received $74 million from selling 270,000 Charter shares. The company's total debt decreased to $3.726 billion, and it has a remaining share repurchase authorization of approximately $1.7 billion.

Liberty Broadband (Nasdaq: LBRDA) will disclose its second-quarter 2024 financial results on Thursday, August 8, 2024. The announcement will be made prior to the market opening and followed by a conference call at 11:15 a.m. E.T. The press release, detailing the financial performance and outlook, will be accessible on Liberty Broadband's investor relations website. A Q&A session with management, focusing on Liberty Broadband and Liberty TripAdvisor Holdings, will follow the prepared remarks.

Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has successfully closed its private offering of $860 million in 3.125% exchangeable senior debentures due 2054. These debentures are exchangeable for Charter Communications Class A common stock, with an initial exchange price of approximately $393.05 per share. The offering includes an additional $60 million from the partial exercise of an option granted to initial purchasers. Liberty Broadband may redeem these debentures on or after December 15, 2028, and holders have the option to require a purchase on that date. The company used proceeds to repay $540 million in borrowings, and repurchased $300 million of its 3.125% debentures due 2053. The debentures were offered to Qualified Institutional Buyers and are not registered under the Securities Act of 1933.