Liberty Broadband Corp (LBRDA)
NASDAQ:LBRDA
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Liberty Broadband
(NASDAQ:LBRDA)
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Rating:47Neutral
Price Target:
$32.00
▼(-34.37% Downside)
Action:Reiterated
Date:05/19/26
The score is held down primarily by weak recent financial performance—especially the sharp TTM profitability deterioration and negative operating/free cash flow—along with a bearish technical trend (price far below key moving averages and negative MACD). Low P/E provides some valuation support, and the earnings call offers a mixed outlook: near-term margin/FCF pressure from peak CapEx and softer results, partially offset by liquidity and expectations for post-2026 CapEx step-down and acquisition-driven free-cash-flow accretion.
Positive Factors
High-quality asset exposure to Charter
Liberty Broadband is a holding company whose primary economic exposure is its large equity stake in Charter, which earns recurring broadband, video and mobile subscription revenues. This linkage provides durable cashflow exposure and value capture from a broad consumer broadband franchise.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow means the company is not self-funding current investment levels, increasing reliance on external financing or parent-level liquidity. Over the medium term this constrains reinvestment, raises refinancing risk, and reduces optionality for dividends, buybacks or opportunistic M&A until cash flow turns sustainably positive.
Read all positive and negative factors
Positive Factors
Negative Factors
High-quality asset exposure to Charter
Liberty Broadband is a holding company whose primary economic exposure is its large equity stake in Charter, which earns recurring broadband, video and mobile subscription revenues. This linkage provides durable cashflow exposure and value capture from a broad consumer broadband franchise.
Read all positive factors
Liberty Broadband (LBRDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.87B
Dividend YieldN/A
Average Volume (3M)109.70K
Price to Earnings (P/E)8.8
Beta (1Y)0.69
Revenue Growth-74.83%
EPS Growth-404.68%
CountryUS
Employees1,900
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-19.09
Shares Outstanding18,254,690
10 Day Avg. Volume132,440
30 Day Avg. Volume109,697
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio-21.11
Enterprise Value/Market Cap1.51
Enterprise Value/Revenue28.28
Enterprise Value/Gross Profit36.35
Enterprise Value/Ebitda-1.99
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.67
Revenue Forecast (FY)$1.10B
Liberty Broadband Business Overview & Revenue Model
Company Description
Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers...
How the Company Makes Money
Liberty Broadband makes money primarily through the economic performance of the operating companies in which it holds significant equity stakes, rather than by selling products or services directly to end customers. (1) Value and earnings exposure...
Liberty Broadband Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Neutral
The call presented a balance of strategic progress and operational stability alongside notable near-term financial pressures. Positives include strategic acquisitions and investments (Quintillion acquisition and a $107M stake in Liberty Latin America), wireless subscriber growth, improving consumer gross margins, solid liquidity, and progress on Alaska network build-out and convergence initiatives. Negatives include a 4% decline in revenue, an 18% decline in adjusted OIBDA, a ~13% drop in trailing 12-month free cash flow driven by higher CapEx, continued data subscriber losses (down 3% YoY), incremental operating and public company costs, and materially higher pro forma leverage once recent transactions are included. Overall, the company is pursuing long-term strategic investments while absorbing near-term margin and cash-flow impacts from increased capital spending and transition costs.Positive Updates
Quintillion Acquisition Announced
Definitive agreement to acquire Quintillion for $310 million in cash (subject to adjustments), plus reimbursement up to $50 million for prior capex and potential earn-outs. Transaction expected to be accretive to free cash flow in the first year and will combine subsea and terrestrial fiber routes, enhance network resilience and routing diversity, and strengthen competitiveness versus LEO alternatives. GCI will also provide a $160 million unsecured loan to Quintillion under the acquisition terms.
Negative Updates
Revenue Decline
Total revenue for the quarter was $256 million, representing a 4% decrease year-over-year.
Read all updates
Q1-2026 Updates
Positive
Negative
Quintillion Acquisition Announced
Definitive agreement to acquire Quintillion for $310 million in cash (subject to adjustments), plus reimbursement up to $50 million for prior capex and potential earn-outs. Transaction expected to be accretive to free cash flow in the first year and will combine subsea and terrestrial fiber routes, enhance network resilience and routing diversity, and strengthen competitiveness versus LEO alternatives. GCI will also provide a $160 million unsecured loan to Quintillion under the acquisition terms.
Read all positive updates
Company Guidance
The company guided that 2026 will be a peak CapEx year, forecasting full‑year CapEx of approximately $290 million (including $20 million carried from 2025) and saying CapEx should step down thereafter back toward a historical range of 15%–20% of revenue; they expect the Quintillion acquisition (consideration $310 million in cash, up to $50 million reimbursement for pre‑closing capex and potential earn‑outs, plus a $160 million unsecured loan from GCI) to be accretive to free cash flow in the first year after closing. Financial position and pro forma leverage guidance included consolidated cash, cash equivalents and restricted cash of $448 million (including $131 million at GCI), total principal debt of about $1.0 billion, consolidated net leverage of 1.6x at quarter end (pro forma 2.3x after the $107 million Liberty Latin America equity purchase and the $160 million Quintillion loan), GCI net leverage of 2.3x (pro forma ~2.7x after the loan), and $377 million of undrawn credit capacity at GCI (net of letters of credit). Operationally they said the business should remain stable, reaffirmed plans to continue 5G build‑out for covered Alaskans, and reported Q1 revenue of $256 million (‑4% year‑over‑year), adjusted OIBDA of $93 million (‑18% YoY; ~36.3% OIBDA margin), Q1 capex net of grants of $55 million, trailing‑12‑month free cash flow of $99 million (‑~13% YoY), consumer wireless lines of 200,000 (total wireless lines 207,700 including 7,700 business lines; consumer wireless +2% YoY; +1,000 consumer lines in the quarter, including 500 postpaid), and 150,500 data subscribers (‑3% YoY; ‑700 in the quarter), with consumer and business gross margins of 72.2% and 77.3%, respectively.Liberty Broadband Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 261.00M | 0.00 | 1.02B | 981.00M | 975.00M | 988.00M |
| Gross Profit | 203.00M | 0.00 | 759.00M | 736.00M | 722.00M | 706.00M |
| EBITDA | -3.70B | -3.14B | 299.00M | 303.00M | 290.00M | 264.00M |
| Net Income | -2.74B | -2.68B | 869.00M | 688.00M | 1.26B | 732.00M |
Balance Sheet | ||||||
| Total Assets | 9.85B | 8.83B | 16.69B | 15.64B | 15.14B | 16.97B |
| Cash, Cash Equivalents and Short-Term Investments | 51.00M | 57.00M | 163.00M | 158.00M | 375.00M | 191.00M |
| Total Debt | 2.56B | 1.75B | 3.83B | 3.82B | 3.89B | 3.85B |
| Total Liabilities | 3.95B | 3.13B | 6.88B | 6.62B | 6.64B | 6.83B |
| Stockholders Equity | 5.90B | 5.70B | 9.79B | 9.00B | 8.48B | 10.13B |
Cash Flow | ||||||
| Free Cash Flow | -167.00M | -327.00M | -143.00M | -206.00M | -237.00M | -131.00M |
| Operating Cash Flow | -232.00M | -327.00M | 104.00M | 16.00M | -56.00M | 3.00M |
| Investing Cash Flow | 1.03B | 1.21B | 130.00M | 150.00M | 3.05B | 4.06B |
| Financing Cash Flow | -337.00M | -940.00M | -181.00M | -390.00M | -2.80B | -5.29B |
Liberty Broadband Technical Analysis
Negative
48.76
Price Trends
45.33
Negative
47.78
Negative
51.51
Negative
Market Momentum
-3.72
Negative
33.48
Neutral
49.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LBRDA, the sentiment is Negative. The current price of 48.76 is above the 20-day moving average (MA) of 35.98, above the 50-day MA of 45.33, and below the 200-day MA of 51.51, indicating a bearish trend. The MACD of -3.72 indicates Negative momentum. The RSI at 33.48 is Neutral, neither overbought nor oversold. The STOCH value of 49.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LBRDA.
Liberty Broadband Risk Analysis
Liberty Broadband disclosed 9 risk factors in its most recent earnings report. Liberty Broadband 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
Liberty Broadband Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $8.92B | 11.21 | 8.77% | 4.13% | 13.45% | 148.36% | |
65 Neutral | $14.39B | 12.49 | 3.00% | 5.02% | -7.08% | -73.85% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | $9.70B | -8.68 | -79.42% | ― | -6.78% | -452.12% | |
59 Neutral | $5.08B | 12.57 | 7.27% | 5.57% | 18.57% | 5.36% | |
47 Neutral | $4.87B | 8.84 | -35.53% | ― | -74.83% | -404.68% |
* Communication Services Sector Average
LBRDA
Liberty Broadband
33.87
-55.45
-62.08%
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5.83
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Liberty Broadband Corporate Events
Dividends
Liberty Broadband Declares Quarterly Preferred Stock Dividend
Positive
May 18, 2026
On May 15, 2026, Liberty Broadband Corporation announced that its board of directors declared a regular quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock, with a record date of June 30, 2026. Th...
Business Operations and StrategyStock BuybackM&A TransactionsPrivate Placements and Financing
Liberty Broadband Secures New Loan and Waiver Support
Positive
May 14, 2026
On May 12, 2026, Liberty Broadband entered into a new loan agreement with Charter Communications under a previously announced merger-related framework, establishing a flexible term loan facility secured by subsidiary equity and guaranteed by certa...
Executive/Board ChangesShareholder Meetings
Liberty Broadband Shareholders Reelect Directors, Ratify Auditor
Positive
May 13, 2026
At Liberty Broadband Corporation’s annual meeting of stockholders held on May 11, 2026, shareholders voted on the election of three Class III directors and the ratification of the company’s independent auditor. John C. Malone, Gregg L....
Business Operations and StrategyFinancial Disclosures
Liberty Broadband Announces Post-Earnings Shareholder Q&A Session
Positive
Apr 21, 2026
On April 20, 2026, Liberty Broadband Corporation announced it will host a brief quarterly QA session for shareholders and analysts immediately following GCI Liberty, Inc.’s first-quarter earnings conference call. The call, scheduled for Thur...
Dividends
Liberty Broadband Declares Quarterly Dividend on Preferred Stock
Positive
Mar 16, 2026
On March 12, 2026, Liberty Broadband Corporation announced that its board of directors declared a regular quarterly cash dividend of $0.43750001 per share on its Series A Cumulative Redeemable Preferred Stock. The dividend will be paid in cash on ...
Shareholder Meetings
Liberty Broadband Schedules 2026 Virtual Annual Stockholder Meeting
Neutral
Mar 9, 2026
Liberty Broadband Corporation, whose main asset is its ownership interest in Charter Communications, announced on March 6, 2026, that it will hold its 2026 Annual Meeting of Stockholders virtually on Monday, May 11, 2026, at 11:15 a.m. M.T. Stockh...
Business Operations and StrategyStock BuybackM&A Transactions
Liberty Broadband Updates Charter Merger Liquidity Arrangements
Positive
Mar 9, 2026
On November 12, 2024, Liberty Broadband agreed to a two-step merger with Charter Communications under which Liberty Broadband will be combined into Charter through intermediary merger entities and become part of a wholly owned Charter subsidiary. ...
Business Operations and StrategyExecutive/Board Changes
Liberty Broadband Announces Transition in Top Legal Leadership
Neutral
Mar 6, 2026
On March 5, 2026, Liberty Media Corporation announced that Renee L. Wilm will step down from her role as Chief Legal Officer and Chief Administrative Officer of Liberty Broadband Corporation later in the year. She will transition to the position o...
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.