Welcome to our dedicated page for Liberty Broadban news (Ticker: LBRDA), a resource for investors and traders seeking the latest updates and insights on Liberty Broadban stock.
Liberty Broadband Corporation, a cable operator, provides video, internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers precision location solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system. It also provides geospatial insights, a location intelligence and data insights service for enterprises, research and consulting firms, financial institutions, and advertisers to understand, measure, and optimize the performance of businesses; benchmark performance against competitors; enhance customer experience; advertise to, and target existing and prospective customers; and measure the efficacy of advertising campaigns in driving growth.
Liberty Broadband (LBRDA) has reported its Q4 and year-end 2024 results, highlighting significant corporate developments. The company has entered into a definitive merger agreement with Charter, where shareholders will receive 0.236 Charter shares per Liberty Broadband share. The transaction is expected to close on June 30, 2027.
Key financial highlights include: The fair value of Charter investment was $15.5 billion as of December 31, 2024. Liberty Broadband received $205 million from selling 541,000 Charter shares. GCI business, which is planned to be spun off in summer 2025, showed 4% revenue growth to $1.0 billion, with operating income of $144 million and Adjusted OIBDA of $362 million.
Charter will continue monthly repurchases of $100 million of its Class A common stock from Liberty Broadband until the merger completion, maintaining Liberty Broadband's ownership above 25.25%.
Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has announced its 2025 Virtual Annual Meeting of Stockholders, scheduled for Monday, May 12, 2025, at 10:45 a.m. M.T. The meeting will be held virtually at www.virtualshareholdermeeting.com/LBRD2025, with stockholders of record as of March 24, 2025, able to participate.
Stockholders will need a 16-digit control number from their proxy card or Notice of Internet Availability to access the meeting. Due to the meeting being advanced by over 20 days from last year's date, stockholder proposals and board nominations must be submitted by March 3, 2025.
Liberty Broadband's principal assets include interests in Charter Communications and its subsidiary GCI. GCI serves over 200 Alaskan communities, having invested $4.7 billion in its network infrastructure over 45 years to provide comprehensive telecommunications services and address the digital divide in Alaska.
Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) has announced it will host a conference call on Thursday, February 27th at 11:15 a.m. E.T. to discuss its fourth quarter 2024 results. The company will release its financial results before market opening on the same day. Investors and interested parties can access the press release through Liberty Broadband's investor relations website.
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.
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