The earnings call presented a mixed picture, with strong financial growth and performance in several segments such as mobile and TripAdvisor. However, challenges like subscriber losses and paused buyback programs were noted. The overall sentiment leans towards a balanced view, with both positive achievements and significant challenges.
Company Guidance
During the Liberty Broadband 2024 Q3 earnings call, several key metrics and updates were provided. Charter experienced a broadband net loss of 110,000, attributed to the ACP impact, but managed to grow revenue by 1.6% and adjusted EBITDA by 3.6% for the quarter. Mobile net additions reached 545,000, increasing their user base to over 9 million lines, with ARPU growth driven by the Unlimited Plus tier. Free cash flow rose by 48% to $1.6 billion, and net leverage stood at 4.22x. Liberty Broadband's Charter investment was valued at $18.6 billion, with consolidated cash and cash equivalents of $168 million. GCI's third-quarter revenue grew by $22 million year-over-year, while adjusted OIBDA increased by $11 million. GCI's leverage ratio was 3.1x, and they had $367 million in undrawn revolver capacity. Liberty TripAdvisor saw positive growth in MAUs, with a 30% year-over-year increase in the direct channel, reflecting enhanced engagement strategies. Viator's adjusted EBITDA was $30 million with an 11% margin, and TheFork achieved its highest adjusted EBITDA margin of 10%.
Charter Financial Growth
Charter experienced revenue growth of 1.6% and adjusted EBITDA growth of 3.6% during the quarter. Residential ARPU was up 1.8%, and free cash flow increased by 48% over the prior year.
Mobile Segment Performance
Charter's mobile segment added 545,000 net new lines, bringing the total to over 9 million lines, with ARPU growing due to the uptake of the Unlimited Plus tier.
TripAdvisor's Financial Performance
TheFork achieved its best financial performance on record with a 17% increase in revenue and an adjusted EBITDA margin of 10%. TripAdvisor's liquidity remained robust with approximately $1.1 billion of cash.
GCI Revenue Growth
GCI's revenue increased by $22 million over the prior year, driven by strong data revenue in business data from upgrades in schools and healthcare corporations in rural Alaska.
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Liberty Broadband (LBRDK) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LBRDK Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
$101.40
$96.98
-4.36%
Aug 08, 2024
$64.09
$64.90
+1.26%
May 08, 2024
$52.16
$52.86
+1.34%
Feb 16, 2024
$60.43
$60.37
-0.10%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Liberty Broadband Corp (LBRDK) report earnings?
Liberty Broadband Corp (LBRDK) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Liberty Broadband Corp (LBRDK) earnings time?
Liberty Broadband Corp (LBRDK) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.