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GCI Liberty, Inc. Class C
(NASDAQ:GLIBK)
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Rating:60Neutral
Price Target:
$24.50
▲(11.62% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily supported by improved operating performance and stronger cash flow with manageable leverage, but is held back by the sharp swing to a large net loss and earnings-quality volatility. Technicals are moderately constructive, while valuation is constrained by a negative P/E and no provided dividend yield. Earnings call takeaways are mixed: near-term OIBDA/FCF and peak CapEx pressure are partially offset by the new dividend framework and expected Quintillion-driven cash flow improvement as capital intensity declines.
Positive Factors
Stronger cash generation
Operating cash flow and free cash flow materially improved in 2025, reflecting recurring telecom revenues and better OCF coverage (coverage improved to ~1.89). Durable cash generation underpins capital allocation flexibility and funds dividends, M&A, and network investment over coming years.
Negative Factors
Sizable net loss / earnings volatility
A large 2025 net loss and negative ROE indicate volatility between operating performance and reported earnings. Such bottom‑line swings can mask underlying cash strength, complicate investor confidence, and raise scrutiny of one‑time items or accounting noise over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger cash generation
Operating cash flow and free cash flow materially improved in 2025, reflecting recurring telecom revenues and better OCF coverage (coverage improved to ~1.89). Durable cash generation underpins capital allocation flexibility and funds dividends, M&A, and network investment over coming years.
Read all positive factors
GCI Liberty, Inc. Class C (GLIBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.07B
Dividend YieldN/A
Average Volume (3M)459.13K
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees74
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-11.29
Shares Outstanding35,853,250
10 Day Avg. Volume655,404
30 Day Avg. Volume459,133
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.87
Price to Sales (P/S)1.40
P/FCF Ratio12.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
GCI Liberty, Inc. Class C Business Overview & Revenue Model
Company Description
GCI Liberty, Inc. Class C (GLIBK) is a holding company structure historically associated with Liberty Media’s interests, most notably its former controlling stake in GCI, Alaska’s telecommunications provider. In practice, GCI Liberty’s activities ...
How the Company Makes Money
GCI Liberty’s economics were tied to the operating results of GCI, which generates revenue primarily by selling telecommunications services in Alaska. Key revenue streams generally include (1) consumer broadband internet subscriptions, (2) mobile/...
GCI Liberty, Inc. Class C Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 13, 2027
Earnings Call Sentiment Neutral
The call presented a mix of near‑term operating and cash flow challenges—an 11% decline in adjusted OIBDA, lower trailing free cash flow, and a peak CapEx year—while also outlining clear strategic progress: network modernization (broad 5G rollout), subscriber and convergence gains, strengthened liquidity and financing capacity, a disciplined capital allocation framework (including a new dividend), and expected incremental benefits from the Quintillion acquisition that management expects will materially improve cash generation beginning in 2027. Positives such as the dividend, balance sheet flexibility, and the pathway to lower capital intensity and synergies from Quintillion balance several current operational pressures.Positive Updates
Quarterly Revenue and Adjusted OIBDA
Liberty Capital reported Q2 revenue of $261 million and adjusted OIBDA of $96 million, demonstrating a sizable operating platform at the parent and GCI level.
Negative Updates
Adjusted OIBDA Decline
GCI adjusted OIBDA for the quarter was $96 million, down 11% year over year, driven by higher costs and OIBDA pressures versus prior year.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly Revenue and Adjusted OIBDA
Liberty Capital reported Q2 revenue of $261 million and adjusted OIBDA of $96 million, demonstrating a sizable operating platform at the parent and GCI level.
Read all positive updates
Company Guidance
Liberty Capital’s guidance included initiating a recurring dividend in Q4 of roughly $15 million per quarter ($60 million per year), which management says would represent about half of next year’s free cash flow (trailing 12‑month FCF was $59 million) and an even smaller share in 2028 as capital intensity declines; they continue to target GCI OpCo net leverage of ~3.0x long‑term (GCI net leverage was 2.8x at quarter end; consolidated net leverage 2.1x), and expect 2026 to be the peak year of CapEx at approximately $290 million (Q2 CapEx net of grants was $70 million; $20 million of 2026 CapEx carried over from 2025) with meaningful declines in 2027 and 2028 driving stronger cash generation. Other metrics and financing items cited: Q2 revenue $261 million and adjusted OIBDA $96 million (down 11% y/y), consolidated cash and restricted cash $510 million (including $198 million at GCI), total principal debt ≈ $1.2 billion, GCI’s credit facility had $447 million undrawn (facility amended to secure up to $480 million additional capacity), ~$129 million of senior notes repurchased since quarter end, Quintillion is expected to close this year, to be accretive to free cash flow in year one, to have contributed ~$50–55 million of adjusted OIBDA in 2026 including synergies, and to deliver roughly $20 million of run‑rate synergies over 24 months (about half in the first 12 months); operational targets tied to the guidance include maintaining investment in network quality, driving convergence (consumer wireless lines +2.1k in Q2; 42% of broadband customers take wireless; 63% of postpaid wireless lines sold as part of convergence), organic broadband down 500 but acquisition added ~5.4k subscribers, 5G expanded to >125 communities covering ~83% of Alaskans, and ongoing public company costs of about $3 million per quarter.GCI Liberty, Inc. Class C Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01B | 1.05B | 940.00M | 904.00M | 894.73M | 739.76M |
| Gross Profit | 437.00M | 311.00M | 661.00M | 632.00M | 609.40M | 512.57M |
| EBITDA | -157.00M | -79.00M | 353.00M | 346.00M | 212.18M | -730.37M |
| Net Income | -337.00M | -309.00M | 70.00M | 41.00M | 2.19B | -873.30M |
Balance Sheet | ||||||
| Total Assets | 3.52B | 3.41B | 3.38B | 3.33B | 11.93B | 8.66B |
| Cash, Cash Equivalents and Short-Term Investments | 497.00M | 424.00M | 74.00M | 79.00M | 569.52M | 491.26M |
| Total Debt | 1.27B | 1.15B | 1.14B | 1.10B | 3.27B | 2.89B |
| Total Liabilities | 1.77B | 1.71B | 1.95B | 1.83B | 5.72B | 4.35B |
| Stockholders Equity | 1.74B | 1.69B | 1.41B | 1.48B | 6.20B | 4.30B |
Cash Flow | ||||||
| Free Cash Flow | 49.00M | 122.00M | 31.00M | 54.00M | -87.45M | -51.46M |
| Operating Cash Flow | 308.00M | 370.00M | 278.00M | 276.00M | 61.03M | 82.89M |
| Investing Cash Flow | -420.00M | -218.00M | -193.00M | -214.00M | -130.68M | -180.23M |
| Financing Cash Flow | 505.00M | 202.00M | -107.00M | -76.00M | -6.94M | -1.72B |
GCI Liberty, Inc. Class C Risk Analysis
GCI Liberty, Inc. Class C disclosed 62 risk factors in its most recent earnings report. GCI Liberty, Inc. Class C reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
GCI Liberty, Inc. Class C Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $1.07B | -2.40 | -20.72% | ― | ― | ― | |
58 Neutral | $1.07B | -2.40 | -20.72% | ― | ― | ― | |
49 Neutral | $734.69M | -16.38 | -4.77% | 0.96% | 5.01% | -23.53% | |
43 Neutral | $195.64M | -0.19 | -89.91% | ― | -6.54% | -108.97% |
* Communication Services Sector Average
GLIBK
GCI Liberty, Inc. Class C
26.70
-6.83
-20.37%
SHEN
Shenandoah Telecommunications Co
13.27
0.89
7.21%
CABO
Cable ONE
34.48
-122.88
-78.09%
GLIBA
GCI Liberty, Inc. Class A
27.08
-8.89
-24.72%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.