GCI Liberty reported weaker first quarter 2026 results while advancing major strategic investments. Revenue declined to $256 million from $266 million, with operating income falling to $30 million from $58 million and Adjusted OIBDA decreasing 18% to $93 million. Net earnings were $18 million, or $0.45 per share, down from $35 million, or $1.13 per share, as higher operating and public company costs and increased stock-based compensation weighed on margins.
The company agreed to acquire Alaska fiber provider Quintillion for $310 million in cash plus up to $50 million of reimbursed capital spending and possible earn-outs, expecting the deal to be accretive to free cash flow. It also bought $107 million of Liberty Latin America shares, gaining about a 6% equity stake, and is in talks to acquire Dr. John Malone’s LLA interests in exchange for new Series C shares. Trailing twelve‑month free cash flow was $99 million on $329 million of operating cash flow.
GCI Liberty reported weaker first quarter 2026 results while advancing major strategic investments. Revenue declined to $256 million from $266 million, with operating income falling to $30 million from $58 million and Adjusted OIBDA decreasing 18% to $93 million. Net earnings were $18 million, or $0.45 per share, down from $35 million, or $1.13 per share, as higher operating and public company costs and increased stock-based compensation weighed on margins.
The company agreed to acquire Alaska fiber provider Quintillion for $310 million in cash plus up to $50 million of reimbursed capital spending and possible earn-outs, expecting the deal to be accretive to free cash flow. It also bought $107 million of Liberty Latin America shares, gaining about a 6% equity stake, and is in talks to acquire Dr. John Malone’s LLA interests in exchange for new Series C shares. Trailing twelve‑month free cash flow was $99 million on $329 million of operating cash flow.
GCI Liberty reported first-quarter 2026 revenue of $256 million, down from $266 million a year earlier, as declines in consumer data and business data offset modest wireless growth. Net earnings fell to $18 million from $35 million, and Adjusted OIBDA declined to $93 million from $113 million.
Operating costs rose, including higher business distribution, technology, stock-based compensation and acquisition expenses tied to the planned $310 million Quintillion purchase. The company ended March 31, 2026 with $435 million of cash and $970 million of total debt, supported by a March 2026 rights offering that raised approximately $300 million.
GCI Liberty also agreed to a Term Loan Credit Agreement of $160 million with the Quintillion seller, and bought about $107 million of Liberty Latin America shares. The board approved renaming the parent to Liberty Capital Corporation while retaining existing stock tickers.
GCI Liberty reported first-quarter 2026 revenue of $256 million, down from $266 million a year earlier, as declines in consumer data and business data offset modest wireless growth. Net earnings fell to $18 million from $35 million, and Adjusted OIBDA declined to $93 million from $113 million.
Operating costs rose, including higher business distribution, technology, stock-based compensation and acquisition expenses tied to the planned $310 million Quintillion purchase. The company ended March 31, 2026 with $435 million of cash and $970 million of total debt, supported by a March 2026 rights offering that raised approximately $300 million.
GCI Liberty also agreed to a Term Loan Credit Agreement of $160 million with the Quintillion seller, and bought about $107 million of Liberty Latin America shares. The board approved renaming the parent to Liberty Capital Corporation while retaining existing stock tickers.
Vanguard Portfolio Management reported beneficial ownership of 240,239 shares of GCI Liberty Inc common stock, representing 6.58% of the class as of 03/31/2026. The filing states Vanguard Portfolio Management LLC and affiliated business divisions exercise dispositive power over these shares and that ownership includes shares held for Vanguard funds and managed accounts. The filing is signed by Ashley Grim on 04/28/2026.
Vanguard Portfolio Management reported beneficial ownership of 240,239 shares of GCI Liberty Inc common stock, representing 6.58% of the class as of 03/31/2026. The filing states Vanguard Portfolio Management LLC and affiliated business divisions exercise dispositive power over these shares and that ownership includes shares held for Vanguard funds and managed accounts. The filing is signed by Ashley Grim on 04/28/2026.
GCI Liberty Inc: Vanguard Capital Management reported beneficial ownership of 205,366 shares of Common Stock, representing 5.62% of the class.
The filing states Vanguard Capital Management has sole dispositive power over 205,366 shares and sole voting power over 23,067 shares. Ownership is held on behalf of multiple Vanguard affiliates and funds, per the filing.
GCI Liberty Inc: Vanguard Capital Management reported beneficial ownership of 205,366 shares of Common Stock, representing 5.62% of the class.
The filing states Vanguard Capital Management has sole dispositive power over 205,366 shares and sole voting power over 23,067 shares. Ownership is held on behalf of multiple Vanguard affiliates and funds, per the filing.
GCI Liberty, Inc., through its subsidiary GCI Holdings, agreed to acquire all equity of Alaska fiber operator Quintillion from Q Gateway Ultimate Holdings. GCI will pay $310 million in cash at closing, subject to working capital and other adjustments, plus reimbursement of up to $50 million of specified pre-closing capital spending and contingent earn-out payments tied to Quintillion gross revenue thresholds for 2027, 2028 and 2030.
GCI may settle the 2030 earn-out partly in Series C GCI Group Common Stock, with the share value based on the 10-day volume-weighted average price after filing its 2030 Form 10‑K. Closing requires antitrust clearance, Federal Communications Commission consents, completion and operability of key Alaska fiber routes, and no legal prohibition. If closing fails by the 18‑month End Date or is blocked by law or order under specified conditions, GCI would owe the seller a $10 million termination fee.
Concurrently, GCI, LLC entered into a $160 million term loan Credit Agreement with the seller as borrower. The loan bears interest at SOFR plus 8.50%, with a portion potentially paid in cash and the balance paid in kind, and will be automatically credited against the purchase price if the transaction closes or otherwise mature in 2031. The parties also agreed to a registration rights framework for any stock issued as earn-out consideration and highlighted strategic benefits from integrating GCI’s and Quintillion’s Alaska fiber networks.
GCI Liberty, Inc., through its subsidiary GCI Holdings, agreed to acquire all equity of Alaska fiber operator Quintillion from Q Gateway Ultimate Holdings. GCI will pay $310 million in cash at closing, subject to working capital and other adjustments, plus reimbursement of up to $50 million of specified pre-closing capital spending and contingent earn-out payments tied to Quintillion gross revenue thresholds for 2027, 2028 and 2030.
GCI may settle the 2030 earn-out partly in Series C GCI Group Common Stock, with the share value based on the 10-day volume-weighted average price after filing its 2030 Form 10‑K. Closing requires antitrust clearance, Federal Communications Commission consents, completion and operability of key Alaska fiber routes, and no legal prohibition. If closing fails by the 18‑month End Date or is blocked by law or order under specified conditions, GCI would owe the seller a $10 million termination fee.
Concurrently, GCI, LLC entered into a $160 million term loan Credit Agreement with the seller as borrower. The loan bears interest at SOFR plus 8.50%, with a portion potentially paid in cash and the balance paid in kind, and will be automatically credited against the purchase price if the transaction closes or otherwise mature in 2031. The parties also agreed to a registration rights framework for any stock issued as earn-out consideration and highlighted strategic benefits from integrating GCI’s and Quintillion’s Alaska fiber networks.
GCI Liberty, Inc. announced that, as of April 22, 2026, it has received all required regulatory approvals, including from the Federal Communications Commission, allowing its Chairman, Dr. John C. Malone, to hold de jure voting control of the company and its subsidiaries, including GCI Communication Corp.
An existing letter agreement dated December 31, 2024, that had limited Dr. Malone’s voting power to below 50% has terminated by its terms. Dr. Malone may now vote his equity ownership in full, representing an approximate 53.7% voting interest based on outstanding shares as of March 23, 2026.
GCI Liberty, Inc. announced that, as of April 22, 2026, it has received all required regulatory approvals, including from the Federal Communications Commission, allowing its Chairman, Dr. John C. Malone, to hold de jure voting control of the company and its subsidiaries, including GCI Communication Corp.
An existing letter agreement dated December 31, 2024, that had limited Dr. Malone’s voting power to below 50% has terminated by its terms. Dr. Malone may now vote his equity ownership in full, representing an approximate 53.7% voting interest based on outstanding shares as of March 23, 2026.
GCI Liberty, Inc. announced it will release and discuss its first quarter 2026 results on a conference call scheduled for Thursday, May 7 at 11:15 a.m. E.T. A press release with the results will be issued before the market opens that day.
The call will include prepared remarks and a brief Q&A session covering GCI Liberty and Liberty Broadband Corporation, and may address financial performance, outlook and other forward-looking matters. The information is being furnished under Regulation FD and is not deemed filed.
GCI Liberty, Inc. announced it will release and discuss its first quarter 2026 results on a conference call scheduled for Thursday, May 7 at 11:15 a.m. E.T. A press release with the results will be issued before the market opens that day.
The call will include prepared remarks and a brief Q&A session covering GCI Liberty and Liberty Broadband Corporation, and may address financial performance, outlook and other forward-looking matters. The information is being furnished under Regulation FD and is not deemed filed.
GCI Liberty Inc — Amended Schedule 13G/A filed to report that The Vanguard Group holds 0 shares of Common Stock, representing 0% of the class as disclosed in the amendment. The filing explains an internal realignment effective January 12, 2026, under SEC Release No. 34-39538 leading to disaggregated reporting by Vanguard subsidiaries.
GCI Liberty Inc — Amended Schedule 13G/A filed to report that The Vanguard Group holds 0 shares of Common Stock, representing 0% of the class as disclosed in the amendment. The filing explains an internal realignment effective January 12, 2026, under SEC Release No. 34-39538 leading to disaggregated reporting by Vanguard subsidiaries.
GCI Liberty Inc filing shows that The Vanguard Group reports 0 shares of Common Stock, representing 0% ownership as disclosed in this amendment. On January 12, 2026, Vanguard completed an internal realignment and certain subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538.
GCI Liberty Inc filing shows that The Vanguard Group reports 0 shares of Common Stock, representing 0% ownership as disclosed in this amendment. On January 12, 2026, Vanguard completed an internal realignment and certain subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538.
GCI Liberty, Inc. has scheduled its 2026 virtual Annual Meeting of Stockholders for Monday, May 11, 2026 at 11:30 a.m. Mountain Time. Stockholders of record as of 5:00 p.m. New York City time on March 23, 2026 will be eligible to participate.
Eligible stockholders can listen, vote and submit questions by logging into www.virtualshareholdermeeting.com/GCIL2026 using their 16-digit control number from the proxy card or Notice of Internet Availability of Proxy Materials. A webcast and post-meeting archive will also be accessible through GCI Liberty’s investor relations website.
The company notes that it operates through its wholly owned subsidiary GCI, Alaska’s largest communications provider, which has invested $4.7 billion in its Alaska network and facilities over the past 45 years.
GCI Liberty, Inc. has scheduled its 2026 virtual Annual Meeting of Stockholders for Monday, May 11, 2026 at 11:30 a.m. Mountain Time. Stockholders of record as of 5:00 p.m. New York City time on March 23, 2026 will be eligible to participate.
Eligible stockholders can listen, vote and submit questions by logging into www.virtualshareholdermeeting.com/GCIL2026 using their 16-digit control number from the proxy card or Notice of Internet Availability of Proxy Materials. A webcast and post-meeting archive will also be accessible through GCI Liberty’s investor relations website.
The company notes that it operates through its wholly owned subsidiary GCI, Alaska’s largest communications provider, which has invested $4.7 billion in its Alaska network and facilities over the past 45 years.