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Liberty Broadband Corporation Class C - LBRDK STOCK NEWS

Welcome to our dedicated page for Liberty Broadband Corporation Class C news (Ticker: LBRDK), a resource for investors and traders seeking the latest updates and insights on Liberty Broadband Corporation Class C stock.

Liberty Broadband Corp. operates as a holding company, engaging in cable, broadband, and mobile location technology businesses. It serves the telecommunications industry in the United States, providing cable services to residential and small to medium businesses. The company's services include video, internet, voice, and mobile services for residential customers, as well as commercial solutions, advertising services, and more. With reportable segments like GCI Holdings and Charter, Liberty Broadband generates most of its revenue from GCI Holdings.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced an $800 million upsized private offering of 3.125% exchangeable senior debentures due 2054. The debentures, exchangeable for Charter Communications Class A common stock, offer initial purchasers an option to buy an additional $120 million worth. Each $1,000 principal amount is initially exchangeable for 2.5442 shares of Charter stock, with an initial exchange price of $393.05 per share. The offering, closing on July 2, 2024, aims to repay $500 million in margin loans, repurchase $300 million of Liberty’s 3.125% debentures due 2053, and for general corporate purposes. Interest payments are quarterly, starting December 31, 2024, and the debentures can be redeemed or purchased back on or after December 15, 2028.

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Liberty Broadband (Nasdaq: LBRDA) announced a private offering of $500 million in exchangeable senior debentures due 2054, potentially increasing to $575 million if initial purchasers exercise their option to buy more. These debentures can be exchanged for Charter Communications Class A stock, or its cash equivalent, during specified periods. The company plans to use the proceeds for debt repayment and general corporate purposes. The offering is to Qualified Institutional Buyers and isn't registered under the Securities Act of 1933 or state securities laws.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock, payable on July 15, 2024, to shareholders of record as of July 1, 2024. Liberty Broadband operates a diverse range of communications businesses and holds significant interests in Charter Communications and GCI, Alaska's largest communications provider. GCI offers data, wireless, video, voice, and managed services across Alaska and nationwide.

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Liberty Broadband (Nasdaq: LBRDA, LBRDK, LBRDP) will hold its virtual Annual Meeting of Stockholders on Monday, June 10, 2024, at 8:15 a.m. Mountain Time.

Stockholders of record as of April 16, 2024, can participate by logging in at the designated meeting website using their 16-digit control number provided on their proxy card or Notice of Internet Availability of Proxy Materials.

The meeting will allow stockholders to listen, vote, and submit questions. The webcast will also be available on Liberty Broadband's investor relations website, with an archive accessible post-meeting after SEC filings.

Liberty Broadband's principal assets include its stake in Charter Communications and GCI, Alaska's largest communications provider. GCI offers data, wireless, video, voice, and managed services throughout Alaska and nationwide.

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Liberty Broadband reported first quarter 2024 results with key highlights: Fair value of Charter investment at $13.4 billion, share repurchases, GCI revenue flat at $245 million, operating income at $37 million, and Adjusted OIBDA at $90 million. Liberty Broadband's balance sheet shows cash decreased due to Charter share sales, GCI cash decreased from operations, and debt decreased as GCI repaid $60 million under its senior credit facility. GCI's financial results remained flat with revenue down 1% in Consumer segment, flat in Business segment, and net capital expenditures expected to be around $200 million for the full year 2024.

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Liberty Broadband will be represented by its President and CEO, Greg Maffei, at the MoffettNathanson Media, Internet & Communications Conference on May 14th in New York City. Mr. Maffei will discuss the company's financial performance and future prospects.

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Liberty Broadband will host a conference call to discuss Q1 2024 results, including financial performance and outlook for Liberty Broadband and Liberty TripAdvisor Holdings, Inc.
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Liberty Broadband Corporation declares a quarterly cash dividend of $0.43750001 per share for its Series A Cumulative Redeemable Preferred Stock, payable on April 15, 2024, to holders of record as of April 1, 2024.
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Liberty Broadband Corporation reported fourth quarter and year-end 2023 results, highlighting a fair value of Charter investment at $18.0 billion and revenue growth of 1% to $981 million for GCI. The company's focus on mobile and rural expansion initiatives shows promising results, aiming to enhance shareholder value.
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Liberty Broadband Corporation will host a conference call to discuss fourth-quarter 2023 results on February 16th. The press release and conference call may cover financial performance and outlook of Liberty Broadband and Liberty TripAdvisor Holdings, Inc.
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FAQ

What is the current stock price of Liberty Broadband Corporation Class C (LBRDK)?

The current stock price of Liberty Broadband Corporation Class C (LBRDK) is $76.84 as of December 24, 2024.

What is the market cap of Liberty Broadband Corporation Class C (LBRDK)?

The market cap of Liberty Broadband Corporation Class C (LBRDK) is approximately 11.0B.

What does Liberty Broadband Corporation do?

Liberty Broadband Corp operates as a holding company in the cable, broadband, and mobile location technology sectors.

Where does Liberty Broadband Corp serve?

The company serves in the telecommunications industry in the United States.

What services does Liberty Broadband Corp offer?

Liberty Broadband provides cable services to residential and small to medium businesses, including video, internet, voice, and mobile services.

What are the reportable segments of Liberty Broadband Corp?

The reportable segments of the company are GCI Holdings and Charter.

Where does Liberty Broadband Corp derive the majority of its revenue from?

The majority of the company's revenue comes from GCI Holdings.

What are the main business areas of Liberty Broadband Corp?

The company's main business areas include residential services, commercial services, advertising services, and other solutions.

Who are the target customers of Liberty Broadband Corp?

The company targets both residential customers and small to medium businesses with its services.

What sets Liberty Broadband Corp apart in the industry?

Liberty Broadband Corp stands out for its comprehensive range of cable and broadband services tailored for diverse customer needs.

How does Liberty Broadband Corp contribute to the telecommunications sector?

The company contributes to the telecommunications sector by providing innovative cable and broadband solutions to customers across the US.

What is the focus of Liberty Broadband Corp's operations?

The company's focus is on delivering high-quality cable, broadband, and mobile location technology services to enhance connectivity and communication for its customers.

Liberty Broadband Corporation Class C

Nasdaq:LBRDK

LBRDK Rankings

LBRDK Stock Data

10.98B
129.60M
7.83%
97.89%
2.92%
Telecom Services
Cable & Other Pay Television Services
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United States of America
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