Welcome to our dedicated page for Liberty Broadband Corporation news (Ticker: LBRDA), a resource for investors and traders seeking the latest updates and insights on Liberty Broadband Corporation 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.
GCI has been recognized as Alaska's fastest internet service provider by PCMag.com for the seventh consecutive year, achieving a record PCMag Speed Index (PSI) score of 176.7. This score surpasses competitors like Cox and AT&T, which scored 143.8 and 134, respectively, and is significantly higher than Starlink's 60.5. GCI plans to offer 10 gig internet speeds in the future and currently provides 2 gig speeds to 80% of Alaskans. The company is also expanding its fiber-optic network to multiple communities.
Liberty Broadband Corporation will host a conference call on August 5, 2022, at 11:15 a.m. E.T., to discuss second-quarter results. A press release detailing these results will be issued prior to market opening. The call will include a Q&A session about the financial performance and outlook for Liberty Broadband and Liberty TripAdvisor Holdings, Inc. Attendees can register for the live broadcast on the company's website. Liberty Broadband is known for its interests in communications, particularly through Charter Communications and its subsidiary GCI.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced the declaration of a quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock (Nasdaq: LBRDP). The dividend is payable on July 15, 2022, to shareholders of record by June 30, 2022. This announcement underscores the company's commitment to returning value to its shareholders.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) will host its virtual Annual Meeting of Stockholders on June 14, 2022, at 8:30 a.m. MT. Stockholders of record by April 18, 2022, can participate by logging in at www.virtualshareholdermeeting.com/LBRD2022. A Q&A session will follow, featuring Chairman John Malone and CEO Greg Maffei. Questions can be submitted via email until June 7, 2022. Liberty Broadband primarily operates through its interests in Charter Communications and GCI, a leading communications provider in Alaska.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced that CEO Greg Maffei will present at the MoffettNathanson Media & Communications Summit on Thursday, May 19, at 11:00 a.m. E.T. in New York City. The presentation will cover financial performance, outlook, and forward-looking matters. A live webcast will be available on the Liberty Broadband website, with an archive accessible for 180 days post-event. Liberty Broadband, primarily invested in Charter Communications and subsidiary GCI, provides comprehensive communications services in Alaska and beyond.
Liberty Broadband reported Q1 2022 results with a fair value of Charter holdings at $29 billion. The company received $753 million from selling 1.3 million Charter shares, maintaining a 26% interest. Additionally, Liberty repurchased 5.1 million shares for $719 million. GCI's revenue decreased 4% to $233 million, with operating income at $21 million and adjusted OIBDA down 9% to $87 million. Cash increased by $109 million, although total debt rose to $4.11 billion due to margin loan drawdowns. Liberty sold its Skyhook subsidiary for $170 million on May 2, 2022.
Liberty Broadband Corporation (NASDAQ: LBRDA, LBRDK, LBRDP) is set to host a conference call on May 6 at 11:15 a.m. E.T. to discuss its first-quarter results for 2022. The press release detailing these results will be available before market open on that date. Participants can join the call by dialing provided numbers or by streaming online, with replays accessible afterward. Liberty Broadband primarily owns interests in Charter Communications and operates GCI, Alaska's largest communications provider, delivering various services across challenging conditions.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced a quarterly cash dividend of
Liberty Broadband owns significant interests in communication businesses, including Charter Communications and GCI, Alaska's largest communications provider.
Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) announced its fourth quarter and year-end results for 2021. The fair value of its Charter investment reached $35 billion as of December 31, 2021. Over the period from November 1 to January 31, Liberty Broadband generated $1.3 billion from selling 1.9 million Charter shares while maintaining a 26% equity interest in Charter. The company repurchased 8.8 million shares at an average price of $157.95, totaling $1.4 billion. GCI's revenue saw a 2% increase for the year, totaling $970 million, with adjusted OIBDA growing to a record $354 million.
Akanda Corp. has appointed Gila Jones, Gugu Dingaan, and Bridget Baker to its Board of Directors, increasing the board to seven members, including four independent directors. The new members bring diverse expertise in governance, finance, and strategic decision-making. Louisa Mojela, Executive Chairman, emphasized the company's commitment to ethics, sustainability, and diversity as it aims for enhanced ESG standards. With this change, Akanda showcases its focus on socially-conscious leadership while aiming to democratize access to cannabis-based medicine.
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