Liberty Broadband Corp (LBRDK)
NASDAQ:LBRDK
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Liberty Broadband
(NASDAQ:LBRDK)
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Rating:52Neutral
Price Target:
$51.00
▼(-2.93% Downside)
Action:ReiteratedDate:02/11/26
The score is held down primarily by weak financial performance signals (losses, negative operating cash flow, negative free cash flow, and higher reported leverage). Technicals are supportive but appear overbought, while valuation is constrained by a negative P/E. The latest earnings call provides a partial offset with improved operational metrics, liquidity actions, and constructive guidance, despite near-term CapEx and subscriber risks.
Positive Factors
Primary exposure to Charter Communications
As a holding company whose economics are driven by a large Charter stake, Liberty Broadband gains durable exposure to a scaled broadband operator with entrenched market positions, recurring subscriber cash flows and network scale that underpin long-term cash generation and strategic optionality.
Negative Factors
Sharp 2025 revenue and profitability deterioration
A marked one‑year break in top‑line and profit trends undermines operational momentum and raises uncertainty about recurring earnings power. Sustained revenue declines materially weaken cash flow generation and make funding network investments and shareholder returns more challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Primary exposure to Charter Communications
As a holding company whose economics are driven by a large Charter stake, Liberty Broadband gains durable exposure to a scaled broadband operator with entrenched market positions, recurring subscriber cash flows and network scale that underpin long-term cash generation and strategic optionality.
Read all positive factors
Liberty Broadband (LBRDK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.33B
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth-21.24%
EPS Growth0.82%
CountryUS
Employees1,900
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-22.21
Shares Outstanding124,856,050
10 Day Avg. Volume998,080
30 Day Avg. Volume1,142,043
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 Cap1.23
Enterprise Value/Revenue17.10
Enterprise Value/Gross Profit21.93
Enterprise Value/Ebitda-2.50
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)5.44
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 primarily makes money through the value and cash flows associated with its investment in Charter Communications. The company’s economic results are driven mainly by (1) changes in the market value of its Charter stake (which can ...
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 highlights a strong financial year with record revenue and adjusted OIBDA, meaningfully higher free cash flow, successful capital raise (~$300M rights offering), wireless subscriber momentum and clear network upgrade plans (DOCSIS 4.0, 2.5–5 Gbps targets). Offsets include a decline in data subscribers (–3%), consumer revenue pressure from video exit and data losses (–2%), near-term CapEx peaking in 2026 (~$290M) that will depress free cash flow next year, operational disruptions from fiber breaks and weather, and uncertainty around final BEAD funding timing. Overall, the positives (record profitability, cash generation, strategic funding and technology roadmap) outweigh the operational and timing risks.Positive Updates
Record Revenue and Adjusted OIBDA
Reported record full-year revenue of $1.0 billion (up 3% YoY) and record adjusted OIBDA of $403 million (up 12% YoY). Fourth-quarter revenue was $262 million (flat YoY) and adjusted OIBDA was $90 million (up 7% YoY).
Negative Updates
Decline in Data Subscribers
Data subscribers declined ~3% YoY to 151,200 (down 4,500 during the year and down 1,200 in Q4). Causes cited include wireless substitution, limited competitive responses (e.g., Starlink), and customer loss from a third-party fiber break; customer recovery in impacted areas has been slow.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Revenue and Adjusted OIBDA
Reported record full-year revenue of $1.0 billion (up 3% YoY) and record adjusted OIBDA of $403 million (up 12% YoY). Fourth-quarter revenue was $262 million (flat YoY) and adjusted OIBDA was $90 million (up 7% YoY).
Read all positive updates
Company Guidance
Management guided that 2026 should be a stable year with a peak CapEx of approximately $290 million (including ~$20 million carryover from 2025) before stepping down toward historical CapEx of 15–20% of revenue, which will drive proportionately lower free cash flow versus 2025’s $146 million (up >70% YoY); 2025 results referenced on the call included $1.0 billion of revenue (up 3%), record adjusted OIBDA of $403 million (up 12%) and Q4 adjusted OIBDA of $90 million (up 7%), consumer gross margin of 70.7% for the year (69.7% in Q4) and business gross margin of 80.1% for the year (78.3% in Q4). At year-end the company had consolidated cash, cash equivalents and restricted cash of $429 million (inclusive of ~ $300 million net proceeds from a fully subscribed rights offering), total principal debt of ~ $1.0 billion, net leverage per the credit agreement of 2.3x (consolidated net leverage 1.6x), and $377 million of undrawn credit capacity net of letters of credit. Operational priorities and guidance include completing Alaska plan build-outs in 2026, significant network investment (2.5 Gbps service where fiber middle mile exists, Anchorage core upgrades to a 1.8 GHz plant, and scaled DOCSIS 4.0‑capable HFC rollouts to 5 Gbps+), continued rural wireless build and convergence initiatives, expected repair costs from recent fiber breaks in the low single‑digit millions with Dearing service restored in summer, a provisional BEAD award of ~ $120 million (subject to NTIA timing/approval), and subscriber metrics to note: 199,000 consumer wireless lines (207,500 total wireless including 8,500 business), consumer wireless growth of 2% YoY with 3,500 consumer net adds (6,700 postpaid adds) and a peak postpaid base of 165,400, bundling at ~62% of postpaid lines (up from 57%) and ~40% of broadband customers having one or more wireless lines, while data subs declined 3% to 151,200 (down 4,500 Y/Y and 1,200 in Q4).Liberty Broadband Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
41
Neutral
Cash Flow
28
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
Negative
52.54
Price Trends
52.13
Negative
49.52
Positive
57.70
Negative
Market Momentum
-0.02
Negative
49.10
Neutral
68.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LBRDK, the sentiment is Negative. The current price of 52.54 is above the 20-day moving average (MA) of 50.79, above the 50-day MA of 52.13, and below the 200-day MA of 57.70, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 49.10 is Neutral, neither overbought nor oversold. The STOCH value of 68.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LBRDK.
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 | $5.73B | 10.60 | 7.24% | 5.57% | 19.02% | 9.26% | |
63 Neutral | $10.05B | 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 | $13.17B | 27.39 | 3.37% | 5.02% | -8.16% | -52.52% | |
55 Neutral | $7.66B | -967.74 | 267.95% | ― | -4.56% | 23.46% | |
52 Neutral | $7.33B | -2.58 | -30.57% | ― | -21.24% | 0.82% |
* Communication Services Sector Average
LBRDK
Liberty Broadband
51.13
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-30.23%
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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.