Liberty Broadband Q1 2025: Contradictions on Starlink Competition, Economic Stability, and GCI Strategy

Starlink competition and customer impact, economic outlook and market stability, GCI's strategy and competitive dynamics are the key contradictions discussed in Liberty Broadband's latest 2025Q1 earnings call.



Financial Health and Acquisition Status:
- Liberty Broadband had consolidated cash and restricted cash of $565 million at quarter end, with $17.8 billion in Charter investment value.
- The acquisition of Liberty Broadband by Charter is expected to close on June 30, 2027, with the GCI spin-off scheduled for this summer.

GCI's Strong Financial Performance:
- GCI reported revenue of $266 million and adjusted OIBDA of $111 million, up 9% and 23% respectively over the prior year.
- Growth was primarily driven by data revenue and business segments due to a strong upgrade cycle in rural Alaska's school and healthcare services.

Operational Challenges and Network Outages:
- GCI faced a network outage due to a fiber break, impacting consumer and enterprise services.
- The company is working to restore services through alternative networks, with a full repair expected by late summer.

Reprieve from Rate Disputes:
- GCI saw a $4 million benefit in Q1 from successful appeals of rates for certain healthcare services in prior years.
- This favorable outcome reduces financial pressures from regulatory disputes.