Best Quarter Ever for GCI
The first quarter of 2025 was GCI's best quarter ever, with revenue of $266 million and adjusted OIBDA of $111 million, up 9% and 23% respectively over the prior year. Adjusted OIBDA margin was 42%.
Successful Connection of Bethel, Alaska
On April 15, GCI completed a major milestone by connecting Bethel, the largest community in Western Alaska, with fiber all the way from Anchorage. Bethel residents will have access to a 5G wireless network and 2.5 gigabits unlimited broadband service.
Refinancing and Liquidity Enhancements
GCI refinanced its senior credit facility with a $450 million revolver and a $300 million Term Loan A, extending maturities at attractive rates. GCI's leverage was 2.8 times, with $292 million of undrawn capacity.
Continued Growth in Enterprise Services
Growth was driven primarily by data, revenue, and business, benefiting from the strong upgrade cycle in school and healthcare services in rural Alaska.