Quarterly ResultMay 7, 2026, 04:42 PM
GCI Liberty Q1 Net Earnings $18M, Revenue $256M; Quintillion Acquisition
AI Summary
GCI Liberty, Inc. reported Q1 2026 net earnings of $18 million on revenue of $256 million, a decrease from $35 million net earnings and $266 million revenue in Q1 2025. Basic and diluted EPS also declined to $0.45 from $1.13 year-over-year. The company also announced an agreement to acquire Quintillion for $310 million in cash, subject to regulatory approval, and the Board approved renaming the parent company to Liberty Capital Corporation.
Key Highlights
- Q1 2026 net earnings were $18 million, down from $35 million in Q1 2025.
- Q1 2026 revenue was $256 million, compared to $266 million in Q1 2025.
- Basic and diluted EPS for Q1 2026 were $0.45, down from $1.13 in Q1 2025.
- Agreed to acquire Quintillion for $310 million in cash, plus potential earn-out payments.
- Board approved renaming the parent company from GCI Liberty, Inc. to Liberty Capital Corporation.
- Purchased approximately $107 million in Liberty Latin America Ltd. (LLA) Class A and C shares.
- Q1 2026 operating income was $30 million, down from $58 million in Q1 2025.
- Total assets increased to $3,251 million at March 31, 2026, from $3,234 million at Dec 31, 2025.