Quarterly ResultAug 6, 2026, 02:14 PM
Liberty Capital Q2 Net Earnings Down to $16M; Acquires Quintillion
AI Summary
Liberty Capital Corporation, formerly GCI Liberty, Inc., reported a decrease in net earnings for both the second quarter and six months ended June 30, 2026, despite flat quarterly revenue. The company's revenue for the second quarter remained at $261 million, but net earnings fell to $16 million from $27 million in the prior year. Significant corporate activities included an agreement to acquire Quintillion for $310 million and the acquisition of SPITwSPOTS, Inc. for $11 million, alongside debt management and a rights offering in late 2025.
Key Highlights
- Q2 2026 Revenue flat at $261 million, Six-month revenue down to $517 million from $527 million.
- Q2 2026 Net earnings decreased to $16 million from $27 million YoY.
- Six-month net earnings decreased to $34 million from $62 million YoY.
- Basic EPS for Q2 2026 was $0.40, down from $0.87 YoY.
- Company changed name from GCI Liberty, Inc. to Liberty Capital Corporation on May 21, 2026.
- Agreed to acquire Quintillion for $310 million cash, plus a $160 million term loan to seller.
- Acquired SPITwSPOTS, Inc. for $11 million cash.
- Net cash provided by operating activities for six months was $164 million, down from $226 million YoY.
Price Impact
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