What is the revenue and EPS growth rate for Liberty Broadband C year over year?

What is the market's earnings forecast for Liberty Broadband C next quarter?

What were the key takeaways from Liberty Broadband C's earnings call?

What does Liberty Broadband C do and what are its main business segments?

What is Liberty Broadband C's gross profit margin?

What guidance did Liberty Broadband C's management provide for the next earnings period?

Did Liberty Broadband C beat or miss consensus estimates last quarter?

What were the key takeaways from Liberty Broadband C’s earnings call?

- **Operational Milestone**: Tracking for record adjusted OIBDA in 2025 with 2% YoY wireless subscriber growth.
- **Network Expansion**: 2.5G broadband deployment and $140M BEAD grants for rural 5G, offsetting 1,400 data subscriber losses.
- **Financial Challenges**: 8% OIBDA decline due to higher costs, $525M intangible impairment charge.
- **Capital Strategy**: $300M rights offering to support M&A and infrastructure growth.

**【CEO Opening Remarks】**
- **Record Adjusted OIBDA Growth**: Tracking towards a record adjusted OIBDA in 2025, with consumer wireless subscribers growing 2% YoY to 207,500.
- **Network Expansion**: Exited the video business to focus on core connectivity, with 2.5G broadband via hybrid fiber-coax deployment and plans for 5G wireless expansion.
- **Infrastructure Upgrades**: Anchorage network upgrade to 1.8 GHz, with DOCSIS 4.0 capable of 5G speeds by 2026. Alaska Connect Fund and BEAD grants ($140M) support rural 5G deployment.
- **Challenges**: 1,400 data subscribers lost due to competition and a third-party fiber outage, with no material impact from Typhoon Halong in Q3.
- **Capital Raise**: Announced $300M rights offering to support M&A and growth initiatives.

**【CFO Financial Commentary】**
- **Revenue Performance**: Q3 revenue $257M (-2% YoY), driven by video exit. Adjusted OIBDA $92M (-8% YoY) due to higher SG&A costs (healthcare, incentives).
- **Subscriber Metrics**: Consumer wireless revenue +11% to $52M, gross margin 72.2% (down from video costs). Business wireless flat at $142M.
- **Financial Health**: Free cash flow $155M (12-month trailing), CapEx $52M Q3, expecting $225-250M annualized. Non-cash impairment charge $525M on intangibles.
- **Leverage**: 2.3x debt-to-EBITDA, $377M undrawn credit capacity.

**【Q&A Highlights】**
- No questions asked during the session.

Liberty Broadband Corporation(LBRDA)-20251105-2025 Q3 Earnings call transcript

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