Liberty Broadband Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 03, 2023 at 01:37 pm EDT
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Liberty Broadband Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 240 million compared to USD 248 million a year ago. Net income was USD 162 million compared to USD 315 million a year ago. Basic earnings per share from continuing operations was USD 1.11 compared to USD 2.07 a year ago. Diluted earnings per share from continuing operations was USD 1.1 compared to USD 2.05 a year ago.
For the nine months, sales was USD 731 million compared to USD 725 million a year ago. Net income was USD 483 million compared to USD 1,079 million a year ago. Basic earnings per share from continuing operations was USD 3.31 compared to USD 6.74 a year ago. Diluted earnings per share from continuing operations was USD 3.29 compared to USD 6.7 a year ago.
Liberty Broadband Corporation operates and owns interests in a broad range of communications businesses. The Company is primarily comprised of GCI Holdings, LLC (GCI Holdings), a wholly owned subsidiary, and an equity method investment in Charter Communications, Inc. (Charter). GCI Holdings provides a range of data, wireless, video, voice, and managed services to residential, businesses, governmental entities, and educational and medical institutions primarily in Alaska. GCI Holdings facilities include redundant and geographically diverse digital undersea fiber optic cable systems linking its Alaska terrestrial networks to the networks of other carriers in the lower 48 contiguous states and a statewide wireless network. Charter is a broadband connectivity company and cable operator serving customers in approximately 41 states through its Spectrum brand. Charter offers a range of residential and business services including Spectrum Internet, television (TV), mobile and voice.