Liberty Broadband Corp (LBRDA)
NASDAQ:LBRDA
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Liberty Broadband
(NASDAQ:LBRDA)
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Rating:47Neutral
Price Target:
$50.00
▲(2.54% Upside)
Action:ReiteratedDate:03/17/26
The score is held down primarily by weak financial performance (especially cash flow sustainability and the sharp deterioration noted in the provided financial statement assessments). Technicals are also soft with the stock below key moving averages and subdued momentum. These negatives are partially offset by a relatively constructive earnings call highlighting improved liquidity and operating performance, but near-term elevated CapEx and subscriber pressures temper the outlook.
Positive Factors
Charter equity exposure
Liberty Broadband’s principal asset is a large ownership stake in Charter, giving durable exposure to subscription-based broadband, business services and mobile revenue streams. This ownership model captures recurring cash flow upside without direct operating complexity, preserving long-term optionality and focus on capital allocation.
Negative Factors
Persistently negative free cash flow
Free cash flow has been negative across reported years and deteriorated sharply in 2025, indicating weak cash conversion. Persistent negative FCF forces reliance on external financing or asset transactions to fund operations and capex, undermining self-sufficiency and creating medium-term funding risk if market access tightens.
Read all positive and negative factors
Positive Factors
Negative Factors
Charter equity exposure
Liberty Broadband’s principal asset is a large ownership stake in Charter, giving durable exposure to subscription-based broadband, business services and mobile revenue streams. This ownership model captures recurring cash flow upside without direct operating complexity, preserving long-term optionality and focus on capital allocation.
Read all positive factors
Liberty Broadband (LBRDA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.48B
Dividend YieldN/A
Average Volume (3M)109.70K
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth-21.24%
EPS Growth0.82%
CountryUS
Employees1,900
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-22.21
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 Cap1.22
Enterprise Value/Revenue17.28
Enterprise Value/Gross Profit22.16
Enterprise Value/Ebitda-2.53
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.93
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:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 01, 2026
Earnings Call Sentiment Positive
The call highlighted a number of significant financial and operational achievements — record revenue and adjusted OIBDA, materially higher free cash flow, a successful $300 million rights offering, business revenue growth, and clear progress on network upgrades and rural buildouts. Offsetting these positives are pressures from declining data subscribers and consumer revenue (driven by the exit of video and wireless substitution), episodic fiber outages with associated repair costs and slow customer win-back, dependence on promotions for postpaid wireless growth, and a near-term increase in CapEx that will reduce free cash flow in 2026. On balance, the positive results, strong cash position, successful capital raise, and clear strategic roadmap for DOCSIS 4.0/5G deployments and Alaska buildouts outweigh the operational and timing challenges.Positive Updates
Record Annual Revenue
Reported total revenue of $1.0 billion for the fiscal year, a 3% increase year-over-year, and flat revenue of $262 million in the fourth quarter versus the prior year quarter.
Negative Updates
Decline in Data Subscribers
Data subscribers fell 3% year-over-year to 151,200, losing 4,500 data subscribers in the year and 1,200 in the fourth quarter, attributed to wireless substitution, competition from Starlink and others, and impacts from a third-party fiber break.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Revenue
Reported total revenue of $1.0 billion for the fiscal year, a 3% increase year-over-year, and flat revenue of $262 million in the fourth quarter versus the prior year quarter.
Read all positive updates
Company Guidance
Management guided to a “stable” 2026 while outlining a capital- and liquidity-focused plan: after reporting FY2025 revenue of about $1.0 billion (+3%), record adjusted OIBDA of $403 million (+12%) and Q4 adjusted OIBDA of $90 million (+7%), and generating $146 million of free cash flow (up >70% YoY), the company finished the year with $429 million of consolidated cash (including ~ $300 million net proceeds from a fully subscribed rights offering), ~ $1.0 billion of debt, net leverage of 2.3x (consolidated net leverage 1.6x), and $377 million of undrawn revolver capacity; management expects 2026 CapEx of ~ $290 million (including ~$20 million carryover from 2025) — a peak year after FY25 CapEx (net of grants) of $224 million — with long‑term CapEx returning to ~15–20% of revenue, which will make 2026 free cash flow proportionately lower, while investing in network upgrades (2.5 Gbps where fiber middle mile, 1.8 GHz core and DOCSIS 4.0‑capable HFC to scale toward 5 Gbps), completing Alaska plan build‑outs, pursuing strategic uses of the $300M proceeds, and expecting modest repair costs in the low single‑digit millions; operational metrics cited include 199,000 consumer wireless lines (207,500 total wireless lines including 8,500 business), 151,200 data subscribers (‑3% YoY; -4,500 YTD, -1,200 Q4), consumer gross margin 70.7% (FY) and business gross margin 80.1% (FY), and a provisional ~$120 million BEAD award (subject to NTIA approval).Liberty Broadband Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.02B | 981.00M | 975.00M | 988.00M |
| Gross Profit | 0.00 | 759.00M | 736.00M | 722.00M | 706.00M |
| EBITDA | -3.14B | 299.00M | 303.00M | 290.00M | 264.00M |
| Net Income | -2.68B | 869.00M | 688.00M | 1.26B | 732.00M |
Balance Sheet | |||||
| Total Assets | 8.83B | 16.69B | 15.64B | 15.14B | 16.97B |
| Cash, Cash Equivalents and Short-Term Investments | 57.00M | 163.00M | 158.00M | 375.00M | 191.00M |
| Total Debt | 1.75B | 3.83B | 3.82B | 3.89B | 3.85B |
| Total Liabilities | 3.13B | 6.88B | 6.62B | 6.64B | 6.83B |
| Stockholders Equity | 5.70B | 9.79B | 9.00B | 8.48B | 10.13B |
Cash Flow | |||||
| Free Cash Flow | -327.00M | -143.00M | -206.00M | -237.00M | -131.00M |
| Operating Cash Flow | -327.00M | 104.00M | 16.00M | -56.00M | 3.00M |
| Investing Cash Flow | 1.21B | 130.00M | 150.00M | 3.05B | 4.06B |
| Financing Cash Flow | -940.00M | -181.00M | -390.00M | -2.80B | -5.29B |
Liberty Broadband Technical Analysis
Positive
48.76
Price Trends
51.67
Positive
49.32
Positive
57.85
Negative
Market Momentum
-0.07
Negative
52.76
Neutral
81.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LBRDA, the sentiment is Positive. The current price of 48.76 is below the 20-day moving average (MA) of 50.66, below the 50-day MA of 51.67, and below the 200-day MA of 57.85, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 52.76 is Neutral, neither overbought nor oversold. The STOCH value of 81.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $5.14B | 10.60 | 7.24% | 5.57% | 19.02% | 9.26% | |
63 Neutral | $9.63B | 12.98 | 10.06% | 4.13% | 0.63% | -21.51% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | $11.64B | 27.39 | 3.37% | 5.02% | -8.16% | -52.52% | |
55 Neutral | $6.98B | -967.74 | 267.95% | ― | -4.56% | 23.46% | |
47 Neutral | $7.48B | -2.58 | -30.57% | ― | -21.24% | 0.82% |
* Communication Services Sector Average
LBRDA
Liberty Broadband
51.68
-21.83
-29.70%
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Liberty Broadband Corporate Events
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...
Business Operations and StrategyFinancial Disclosures
Liberty Broadband Schedules Shareholder Q&A After Earnings Call
Neutral
Jan 14, 2026
On January 13, 2026, Liberty Broadband Corporation announced it will host a brief quarterly QA session for shareholders and analysts following GCI Liberty, Inc.’s fourth-quarter earnings conference call, scheduled for Wednesday, February 11 ...
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.