Liberty Broabd Stock Price, News & Analysis

Liberty Broadband Corporation Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP) represents a preferred equity security issued by Liberty Broadband Corporation, a company that operates and owns interests in communications businesses. Liberty Broadband is associated with the information sector and is linked to the cable and subscription programming industry through its principal assets and operating subsidiaries.

According to Liberty Broadband’s public disclosures, the company’s principal assets consist of its interest in Charter Communications, Inc. and its subsidiary GCI, LLC (“GCI”). GCI is described as Alaska’s largest communications provider and offers data, mobile, video, voice and managed services to consumer, business, government and carrier customers throughout Alaska, serving more than 200 communities. Liberty Broadband’s securities, including its Series A Cumulative Redeemable Preferred Stock, trade on The Nasdaq Stock Market under the symbol LBRDP for the preferred shares and LBRDA and LBRDK for its common stock.

The Series A Cumulative Redeemable Preferred Stock is referenced in Liberty Broadband’s financial disclosures as preferred stock with a 7% coupon and a $25 per share liquidation preference plus accrued and unpaid dividends. The company notes that this preferred stock has 1/3 vote per share and that the redemption date is the first business day following March 8, 2039. In Liberty Broadband’s financial metrics, the preferred stock is described as having a liquidation value and is considered a liability for GAAP purposes. These characteristics help define the security’s place in Liberty Broadband’s capital structure and indicate that it is a cumulative, redeemable preferred instrument with specified economic and voting rights.

Liberty Broadband has repeatedly announced that its Board of Directors declares a regular quarterly cash dividend payable to holders of its Series A Cumulative Redeemable Preferred Stock. In multiple dividend press releases, the company identifies LBRDP as the Nasdaq symbol for this preferred stock and confirms that the dividends are payable in cash to holders of record as of specified record dates. These recurring announcements underscore that the Series A preferred stock is designed to provide scheduled cash dividends, consistent with its cumulative, income-oriented features.

Beyond the preferred stock itself, Liberty Broadband’s broader business context is relevant for understanding LBRDP. The company reports that GCI provides data, mobile, video, voice and managed services throughout Alaska and has invested heavily in its Alaska network and facilities over decades. Liberty Broadband also reports that its principal operating asset is GCI Holdings, LLC and that it holds an interest in Charter Communications. In its quarterly financial results, Liberty Broadband presents revenue, operating income and Adjusted OIBDA for GCI Holdings and identifies the preferred stock as part of its other financial obligations.

Liberty Broadband has also disclosed significant corporate actions that shape the environment in which LBRDP exists. The company entered into a definitive agreement to be acquired by Charter Communications, Inc., with the transaction structure described in its earnings release. In addition, Liberty Broadband completed a spin-off of its former wholly owned subsidiary GCI Liberty, Inc. (“GCI Liberty”) on July 14, 2025. The spin-off was accomplished by distributing shares of GCI Liberty’s GCI Group common stock to Liberty Broadband common stockholders. Following the spin-off, GCI Liberty became an independent, publicly traded company whose businesses initially consist of 100% of the outstanding equity interests in GCI, LLC and its subsidiaries. These transactions are described in Liberty Broadband’s Form 8-K filings and related press releases.

For investors evaluating LBRDP, the preferred stock is therefore tied to a parent issuer that owns interests in Charter Communications and has historically controlled GCI, Alaska’s largest communications provider. The preferred stock’s terms, as disclosed by Liberty Broadband, include a fixed coupon rate, cumulative dividend feature, liquidation preference, voting rights and a defined redemption date, and it is listed on Nasdaq as a separate class of security from Liberty Broadband’s common stock.

Business context and operating focus

Liberty Broadband characterizes itself in its public communications as operating and owning interests in a broad range of communications businesses. Its principal assets are its interest in Charter Communications and its subsidiary GCI. GCI provides data, mobile, video, voice and managed services to multiple customer categories throughout Alaska. Liberty Broadband’s financial disclosures highlight GCI as its principal operating asset and present detailed revenue and operating metrics for GCI’s consumer and business segments.

Through these disclosures, Liberty Broadband positions GCI as a key driver of its consolidated revenue and operating income. The company reports that GCI serves more than 200 communities in Alaska and has invested billions of dollars in its Alaska network and facilities over a multi-decade period. GCI’s activities include improvements to wireless and data networks in rural Alaska and continued expansion and strengthening of statewide network infrastructure. Liberty Broadband notes that GCI’s capital expenditures are related to middle and last mile connectivity and network expansion in important rural markets, as well as fulfilling build-out requirements under the Alaska Plan.

Capital structure and preferred stock role

In its financial metrics, Liberty Broadband identifies several categories of debt and other financial obligations, including senior notes, a senior credit facility, tower obligations and exchangeable senior debentures. The company separately identifies preferred stock as an other financial obligation with a stated liquidation value. The preferred stock is described as having a 7% coupon, a $25 per share liquidation preference plus accrued and unpaid dividends, and 1/3 vote per share, with a redemption date on the first business day following March 8, 2039. Liberty Broadband states that this preferred stock is considered a liability for GAAP purposes.

This disclosure clarifies that the Series A Cumulative Redeemable Preferred Stock (LBRDP) is a distinct class of security with defined economic rights and a place in Liberty Broadband’s overall capital structure. The regular quarterly cash dividends declared on this preferred stock, as described in multiple press releases, reflect the cumulative and income-oriented nature of the instrument.

Corporate transactions and structural changes

Liberty Broadband’s SEC filings and press releases describe several material corporate events that are relevant to understanding the context for LBRDP. The company entered into a Separation and Distribution Agreement with GCI Liberty, Inc., under which GCI Liberty was spun off from Liberty Broadband. The spin-off was effectuated by distributing GCI Liberty’s GCI Group common stock to Liberty Broadband common stockholders at a specified ratio, with cash paid in lieu of fractional shares. Following the spin-off, GCI Liberty became an independent, publicly traded company holding 100% of the equity interests in GCI, LLC and its subsidiaries.

Liberty Broadband also reports that it entered into a definitive agreement to be acquired by Charter Communications, Inc., describing the exchange ratio for Liberty Broadband common stockholders. In connection with the spin-off of GCI Liberty, Liberty Broadband entered into tax-related agreements, including a Tax Sharing Agreement and a Tax Receivables Agreement, and prepared unaudited pro forma condensed consolidated financial statements reflecting the disposition.

These events show that Liberty Broadband has undertaken significant corporate restructuring, including the separation of its GCI business into a standalone public company and a planned acquisition by Charter. While these transactions primarily affect Liberty Broadband’s common equity and corporate structure, they form part of the background for the issuer of the LBRDP preferred stock.

Regulatory filings and listing information

Liberty Broadband’s Form 8-K filings confirm that its Series A Cumulative Redeemable Preferred Stock trades on The Nasdaq Stock Market under the symbol LBRDP. The filings also identify Liberty Broadband’s Series C common stock as trading under the symbol LBRDK. These filings are used to report material events, including the completion of the spin-off of GCI Liberty, temporary suspensions of trading under employee benefit plans related to the spin-off, and other corporate developments.

For investors researching LBRDP, Liberty Broadband’s SEC filings provide detailed information about the terms of the preferred stock, its treatment in the company’s financial statements, and the broader corporate transactions that may influence the issuer’s profile. The regular dividend announcements, capital structure disclosures and transaction-related filings together form the primary public record for understanding this preferred security.