GCI Liberty, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $61.204 million against $3.969 million a year ago. Operating loss was $7.369 million against $11.351 million a year ago. Loss before income taxes was $87.893 million against earnings before taxes of $728.133 million a year ago. Net loss was $170.731 million against net earnings of $450.654 million a year ago. Net loss attributable to the company's shareholders was $170.692 million or $1.58 per basic and diluted share against net earnings attributable to the company's shareholders of $450.654 million or $4.13 per basic and diluted share a year ago. Net cash used in operating activities was $21.644 million against $2.865 million a year ago. Capital expended for property and equipment was $6.5 million against $0.943 million year ago. Operating loss was $7.369 million against $11.351 million a year ago. Adjusted OIBDA was of $13.888 million against negative $7.872 million a year ago.

The company expects Capex guidance of $170 million for the year 2018.