The earnings call highlighted strong financial performance across several key areas, particularly for Charter and TripAdvisor, which showed significant growth in revenue and user engagement. However, there were challenges, particularly with subscriber losses due to external program impacts. Overall, the positive aspects moderately outweighed the challenges.
Company Guidance
During the Liberty Broadband 2024 Q3 earnings call, several key metrics and financial updates were discussed. Charter Communications experienced a broadband net loss of 110,000, largely due to the impact of the Affordable Connectivity Program (ACP), but still achieved revenue growth of 1.6% and adjusted EBITDA growth of 3.6%. They also reported a significant free cash flow increase of 48% year-over-year to $1.6 billion, while their net leverage stood at 4.22x, slightly below the revised target. In the mobile segment, Charter added 545,000 new lines, bringing their total to over 9 million, with ARPU growth attributed to the Unlimited Plus tier and the Anytime Upgrade program. Liberty Broadband's consolidated cash and cash equivalents were $168 million at quarter-end, with a Charter investment valued at $18.6 billion. Liberty Broadband's total principal debt was $3.7 billion. GCI's revenue increased by $22 million over the previous year, with adjusted OIBDA rising by $11 million. GCI's leverage was 3.1x, with $367 million of undrawn revolver capacity. Liberty TripAdvisor saw growth in monthly active users by 30% and achieved an adjusted EBITDA of $30 million with an 11% margin for Viator, while TheFork posted a revenue increase of 17% and a 10% margin in adjusted EBITDA.
Strong Financial Performance of Charter
Charter experienced revenue growth of 1.6%, adjusted EBITDA growth of 3.6%, and a free cash flow increase of 48% over the prior year. Mobile segment added 545,000 net lines, bringing the total to over 9 million lines.
Positive Developments in TripAdvisor
Brand TripAdvisor saw a 30% increase in direct channel monthly active users year-over-year. TheFork achieved its best financial performance with revenue up 17% and adjusted EBITDA of $5 million, a 10% margin.
GCI Revenue Growth
GCI's revenue increased by $22 million over the prior year, driven by a strong upgrade cycle in data revenue from schools and healthcare corporations in rural Alaska.
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Liberty Broadband (LBRDA) 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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LBRDA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
$100.25
$95.89
-4.35%
Aug 08, 2024
$62.93
$63.81
+1.40%
May 08, 2024
$52.40
$53.15
+1.43%
Feb 16, 2024
$60.48
$60.46
-0.03%
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 (LBRDA) report earnings?
Liberty Broadband Corp (LBRDA) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Liberty Broadband Corp (LBRDA) earnings time?
Liberty Broadband Corp (LBRDA) 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.