AcquisitionsMay 7, 2026, 05:22 PM
GCI Liberty Q1 Revenue $256M; Acquires Quintillion, Invests in LLA
AI Summary
GCI Liberty reported a 4% decline in Q1 2026 revenue to $256 million, with operating income down 48% to $30 million. Despite the financial declines, the company announced significant strategic moves, including GCI's definitive agreement to acquire Quintillion for $310 million and GCI Liberty's $107 million investment in Liberty Latin America (LLA). The company is also in discussions to acquire additional LLA equity from Dr. John C. Malone and plans to rename itself Liberty Capital Corporation, signaling a focus on strategic capital deployment and long-term shareholder value.
Key Highlights
- GCI to acquire Quintillion for $310 million cash, plus up to $50 million for capex and potential earn-outs.
- GCI Liberty purchased 12.3 million LLA Class C shares and 61,000 Class A shares for $107 million cash, representing 6% equity.
- GCI Liberty is in discussions to acquire Dr. Malone's LLA equity interests for newly issued GCI Liberty Series C shares.
- GCI Liberty will change its name to Liberty Capital Corporation.
- Q1 2026 revenue declined 4% to $256 million.
- Q1 2026 operating income decreased 48% to $30 million.
- Q1 2026 Adjusted OIBDA declined 18% to $93 million.
- Total wireless lines in service increased 2% to 207,700, while consumer cable modem subscribers declined 3% to 150,500.