| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 256.00 | 3.8% |
| Total Income | 256.00 | 3.8% |
| Expenditure | 226.00 | 8.7% |
| PBT | 26.00 | 46.9% |
| Net Profit | 18.00 | 48.6% |
| OPM | 11.72% | 10.09pp |
| NPM | 7.03% | 6.13pp |
| EPS | 0.45 | 60.2% |
GCI Liberty Reports Q1 2026 Revenue Decline of 4% to $256 Million
08 May 2026 · 8 May, 2:52 am
Summary
GCI Liberty reported a 4% decrease in revenue to $256 million for the first quarter of 2026. The decline was primarily driven by a decrease in consumer revenue due to exiting the video business and a decline in business data revenue. Operating income decreased to $30 million, and Adjusted OIBDA decreased to $93 million. The company completed the purchase of approximately 6% equity interest in Liberty Latin America for $107 million and is in discussions to acquire additional equity interests. GCI Liberty is also planning to change its name to Liberty Capital Corporation.
Key Highlights
- 1
GCI Liberty's revenue declined by 4% to $256 million in the first quarter of 2026.
- 2
Operating income for GCI Liberty was $30 million, a decrease compared to the prior year.
- 3
Adjusted OIBDA for GCI Liberty decreased by 18% to $93 million, inclusive of $13 million of items that are not comparable to the prior year period.
- 4
Total wireless lines in service increased by 2% to 207,700.
- 5
Consumer cable modem subscribers declined by 3% to 150,500.
- 6
GCI Liberty completed the acquisition of an approximate 6% equity interest in Liberty Latin America for $107 million in cash.
- 7
GCI Liberty is set to change its name to Liberty Capital Corporation.
Management Comments
Ron Duncan
GCI had another solid quarter, reflecting our continued commitment to providing the highest quality connectivity to our customers. We also announced GCI’s planned acquisition of Quintillion, bringing together two complementary networks that will increase the quality of Alaska’s communications infrastructure. The transaction is expected to be accretive to free-cash-flow and advances our long-term strategy to invest in critical network assets to enhance connectivity for all Alaskans. Additionally, GCI Liberty’s opportunistic investment in Liberty Latin America is the first step in executing our growth strategy as Liberty Capital. We remain focused on operating excellence while also creating long-term shareholder value through strategic capital deployment.
Dr. John C. Malone
I am excited about the opportunity that GCI Liberty’s investment in LLA presents and the prospects for LLA going forward given its strong market positions across a unique set of assets. Ron and the GCIL team share my confidence in Balan and LLA management to drive continued business performance and meaningful free cash flow growth for shareholders.
Mike Fries
Across Liberty companies, creating value for shareholders has always been the primary objective. These transactions reinforce this fact and reflect confidence in the future growth prospects of LLA.
Balan Nair
We would like to thank Searchlight for all their support over the years. We welcome GCI Liberty as shareholders as we continue our journey to develop our products, serve our customers, generate meaningful cash flows, and drive capital allocation decisions for the company and its shareholders.
Informational and educational content only. Not investment advice.