MergerApr 28, 2026, 04:18 PM
LBRDA Q1 Net Earnings $203M; Charter Merger Progresses
AI Summary
Liberty Broadband reported Q1 2026 net earnings of $203 million, a decrease from $268 million in Q1 2025. The company continues to advance its definitive agreement for Charter Communications to acquire Liberty Broadband, which was approved by shareholders in February 2025. As a condition of the merger, Liberty Broadband completed the divestiture of its GCI Business in July 2025, now presented as a discontinued operation. The company also saw a significant increase in restricted cash and long-term debt during the quarter.
Key Highlights
- Shareholders approved the definitive merger agreement with Charter on February 26, 2025.
- GCI Business divestiture completed on July 14, 2025, as a condition for the Charter merger.
- Q1 2026 net earnings were $203 million, down from $268 million in Q1 2025.
- Basic EPS from continuing operations was $1.42 in Q1 2026, down from $1.64 in Q1 2025.
- Restricted cash and cash equivalents increased to $973 million from $38 million.
- Long-term debt, net, increased to $1,600 million from $790 million.
- Net cash provided by financing activities was $810 million in Q1 2026.
- Sold $190 million of Charter Class A common stock to Charter in Q1 2026.