GCI Liberty, Inc.

Liberty Capital Corporation reported second quarter 2026 results, with revenue remaining flat at $261 million, while operating income decreased 43% to $29 million and Adjusted OIBDA declined 11% to $96 million. The company announced its intention to initiate a recurring quarterly dividend of approximately $15 million, starting in December 2026. Additionally, GCI refinanced certain debt facilities with $480 million in additional financing capacity and repurchased $129 million of 2028 unsecured notes, with the Quintillion acquisition still expected to close this year.

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.

Liberty Capital Corporation announced it will host a conference call on Thursday, August 6, 2026, at 11:15 a.m. E.T. to discuss its second-quarter 2026 financial results. A press release detailing the results will be issued before market trading opens on the same day. The call will cover the financial performance and outlook for Liberty Capital and Liberty Broadband Corporation, along with other forward-looking matters.

GCI, LLC, a wholly-owned subsidiary of Liberty Capital Corporation, entered into an amendment to its Ninth Amended and Restated Credit Agreement. This amendment establishes new loan facilities, including a $155 million Term A-1 Loan and a $25 million New L/C Facility, primarily to fund the acquisition of Q Gateway Intermediate Holdings, LLC (the "Quintillion Acquisition"). Additionally, GCI secured a $300 million Term A-2 Loan for general corporate purposes, including the retirement of existing indebtedness. The loans have varying maturity dates and interest rates tied to GCI's total leverage ratio.

GCI Liberty, Inc. has officially changed its name to Liberty Capital Corporation, effective May 21, 2026. This rebranding reflects the company's strategic shift to expand investments beyond its core Alaska business, aligning with the Liberty tradition of seeking to maximize shareholder value. Despite the name change, the company's stock tickers (GLIBA, GLIBK, GLIBB) and CUSIP numbers will remain unchanged, and its Alaska subsidiary will continue to operate under the GCI name and brand.

GCI Liberty announced that Chairman John Malone acquired the company's 6% equity interest in Liberty Latin America (LLA) for $8.63 per share, replenishing $107 million in cash. This follows the termination of discussions for a larger, strategic LLA transaction due to unexpected obstacles. Additionally, at its annual meeting, stockholders re-elected two directors, ratified KPMG LLP as auditors, approved executive compensation, and adopted a new article waiving jury trials for internal actions.

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.

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.

GCI Liberty, Inc.'s wholly owned subsidiary, GCI Holdings, LLC, has entered into a Securities Purchase Agreement to acquire all equity interests in Q Gateway Intermediate Holdings, LLC (Quintillion). The acquisition involves an initial cash payment of $310 million at closing, subject to adjustments. Additionally, GCI will reimburse up to $50 million for Quintillion's capital expenditures on the Nome-to-Homer Express project and potential earn-out payments based on future revenues.

GCI Liberty, Inc. announced that it has secured all necessary regulatory approvals, including from the Federal Communications Commission, allowing its Chairman, Dr. John C. Malone, to exercise full de jure voting control. This development terminates a previous letter agreement from December 31, 2024, which had capped Dr. Malone's voting power below 50%. Consequently, Dr. Malone can now fully vote his equity ownership, which amounts to an approximate 53.7% voting interest based on shares outstanding as of March 23, 2026.