Latest news with #LibertyBroadband
Business Wire
27-05-2025
- Business
- Business Wire
Liberty Broadband Corporation Announces GCI Liberty Investor Conference Call
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation ('Liberty Broadband') (Nasdaq: LBRDA, LBRDK, LBRDP) announced that, in connection with the planned spin-off of its GCI business to a new entity called GCI Liberty, Inc. ('GCI Liberty'), Liberty Broadband will webcast an Investor Conference Call on Tuesday, June 3, 2025, relating to the GCI business with GCI management remarks beginning at 2:00 p.m. ET. Following prepared remarks, the company will host a Q&A session with Ron Duncan, who will serve as President and CEO of GCI Liberty, and John Malone, who will serve as Chairman of the Board of GCI Liberty. During the event, observations may be made regarding the financial performance and outlook of GCI Liberty and Liberty Broadband, as well as other forward looking matters. The spin-off of GCI Liberty is expected to occur in summer 2025. Stockholders will be able to submit questions in advance of the Q&A session. To submit a question, please email investor@ with the subject 'GCI Liberty Investor Question' by 5:00 p.m. ET on Friday, May 30, 2025. The event will be broadcast live via the Internet. All interested persons should visit the Liberty Broadband Corporation website at to register for the webcast. An archive of the webcast will also be available on the Liberty Broadband website after appropriate filings have been made with the SEC. About Liberty Broadband Corporation Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband's principal assets consist of its interest in Charter Communications and its subsidiary GCI. GCI provides data, mobile, voice and managed services to consumer, business, government and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska. Cautionary Note Regarding Forward-Looking Statements This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the transaction described herein, including the proposed timing thereof. All statements other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as 'possible,' 'potential,' 'intends' or 'expects' or other words or phrases of similar import or future or conditional verbs such as 'will,' 'may,' 'might,' 'should,' 'would,' 'could,' or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of conditions to the transactions. These forward-looking statements speak only as of the date of this communication, and Liberty Broadband expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Broadband's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Broadband and GCI Liberty, including the registration statement relating to the spin-off of GCI Liberty, and Liberty Broadband's most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Liberty Broadband or GCI Liberty subsequently files with the SEC, for additional information about Liberty Broadband, GCI Liberty and about the risks and uncertainties related to Liberty Broadband's and GCI Liberty's businesses that may affect the statements made in this communication.
Yahoo
27-05-2025
- Business
- Yahoo
Liberty Broadband Corporation Announces GCI Liberty Investor Conference Call
ENGLEWOOD, Colo., May 27, 2025--(BUSINESS WIRE)--Liberty Broadband Corporation ("Liberty Broadband") (Nasdaq: LBRDA, LBRDK, LBRDP) announced that, in connection with the planned spin-off of its GCI business to a new entity called GCI Liberty, Inc. ("GCI Liberty"), Liberty Broadband will webcast an Investor Conference Call on Tuesday, June 3, 2025, relating to the GCI business with GCI management remarks beginning at 2:00 p.m. ET. Following prepared remarks, the company will host a Q&A session with Ron Duncan, who will serve as President and CEO of GCI Liberty, and John Malone, who will serve as Chairman of the Board of GCI Liberty. During the event, observations may be made regarding the financial performance and outlook of GCI Liberty and Liberty Broadband, as well as other forward looking matters. The spin-off of GCI Liberty is expected to occur in summer 2025. Stockholders will be able to submit questions in advance of the Q&A session. To submit a question, please email investor@ with the subject "GCI Liberty Investor Question" by 5:00 p.m. ET on Friday, May 30, 2025. The event will be broadcast live via the Internet. All interested persons should visit the Liberty Broadband Corporation website at to register for the webcast. An archive of the webcast will also be available on the Liberty Broadband website after appropriate filings have been made with the SEC. About Liberty Broadband Corporation Liberty Broadband Corporation (Nasdaq: LBRDA, LBRDK, LBRDP) operates and owns interests in a broad range of communications businesses. Liberty Broadband's principal assets consist of its interest in Charter Communications and its subsidiary GCI. GCI provides data, mobile, voice and managed services to consumer, business, government and carrier customers throughout Alaska, serving more than 200 communities. The company has invested $4.7 billion in its Alaska network and facilities over the past 45 years. Through a combination of ambitious network initiatives, GCI continues to expand and strengthen its statewide network infrastructure to deliver the best possible connectivity to its customers and close the digital divide in Alaska. Cautionary Note Regarding Forward-Looking Statements This communication includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including certain statements relating to the transaction described herein, including the proposed timing thereof. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws. These forward-looking statements generally can be identified by phrases such as "possible," "potential," "intends" or "expects" or other words or phrases of similar import or future or conditional verbs such as "will," "may," "might," "should," "would," "could," or similar variations. These forward-looking statements involve many risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied by such statements, including, without limitation, the satisfaction of conditions to the transactions. These forward-looking statements speak only as of the date of this communication, and Liberty Broadband expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Broadband's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Broadband and GCI Liberty, including the registration statement relating to the spin-off of GCI Liberty, and Liberty Broadband's most recent Forms 10-K and 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports Liberty Broadband or GCI Liberty subsequently files with the SEC, for additional information about Liberty Broadband, GCI Liberty and about the risks and uncertainties related to Liberty Broadband's and GCI Liberty's businesses that may affect the statements made in this communication. View source version on Contacts Liberty Broadband Corporation Shane Kleinstein, 720-875-5432 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Q1 Earnings Outperformers: Interpublic Group (NYSE:IPG) And The Rest Of The Advertising & Marketing Services Stocks
Let's dig into the relative performance of Interpublic Group (NYSE:IPG) and its peers as we unravel the now-completed Q1 advertising & marketing services earnings season. The sector is on the precipice of both disruption and growth as AI, programmatic advertising, and data-driven marketing reshape how things are done. For example, the advent of the Internet broadly and programmatic advertising specifically means that brand building is not a relationship business anymore but instead one based on data and technology, which could hurt traditional ad agencies. On the other hand, the companies in the sector that beef up their tech chops by automating the buying of ad inventory or facilitating omnichannel marketing, for example, stand to benefit. With or without advances in digitization and AI, the sector is still highly levered to the macro, and economic uncertainty may lead to fluctuating ad spend, particularly in cyclical industries. The 7 advertising & marketing services stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was 0.8% below. In light of this news, share prices of the companies have held steady as they are up 2.6% on average since the latest earnings results. With a history dating back to 1902 and roots in the McCann-Erickson agency, Interpublic Group (NYSE:IPG) is a marketing and communications holding company that owns agencies specializing in advertising, media buying, public relations, and digital marketing services. Interpublic Group reported revenues of $2.00 billion, down 8.5% year on year. This print was in line with analysts' expectations, and overall, it was a very strong quarter for the company with a solid beat of analysts' EPS estimates and a narrow beat of analysts' organic revenue estimates. Interpublic Group delivered the slowest revenue growth of the whole group. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $24. Is now the time to buy Interpublic Group? Access our full analysis of the earnings results here, it's free. Operating across the United States, Liberty Broadband (NASDAQ:LBRDK) is a provider of high-speed internet, cable television, and telecommunications services across various markets. Liberty Broadband reported revenues of $266 million, up 8.6% year on year, outperforming analysts' expectations by 7.2%. The business had an incredible quarter. Liberty Broadband pulled off the biggest analyst estimates beat among its peers. The market seems content with the results as the stock is up 2.8% since reporting. It currently trades at $96.16. Is now the time to buy Liberty Broadband? Access our full analysis of the earnings results here, it's free. With a vast network of creative agencies that helped craft some of the most memorable ad campaigns in history, Omnicom Group (NYSE:OMC) is a strategic holding company that provides advertising, marketing, and communications services to many of the world's largest companies. Omnicom Group reported revenues of $3.69 billion, up 1.6% year on year, falling short of analysts' expectations by 0.6%. It was a mixed quarter as it posted a decent beat of analysts' EPS estimates but organic revenue in line with analysts' estimates. As expected, the stock is down 4.7% since the results and currently trades at $73.27. Read our full analysis of Omnicom Group's results here. Often appearing as those "You May Also Like" or "Recommended For You" boxes at the bottom of news articles, Taboola (NASDAQ:TBLA) operates a digital platform that recommends personalized content to users across publisher websites, helping both publishers monetize their sites and advertisers reach target audiences. Taboola reported revenues of $427.5 million, up 3.3% year on year. This number surpassed analysts' expectations by 2.5%. Overall, it was a strong quarter as it also logged an impressive beat of analysts' EPS estimates and full-year revenue guidance meeting analysts' expectations. The stock is up 13.6% since reporting and currently trades at $3.50. Read our full, actionable report on Taboola here, it's free. Originally launched as a way to make grocery shopping more rewarding for budget-conscious consumers, Ibotta (NYSE:IBTA) is a mobile shopping app that allows consumers to earn cash back on everyday purchases by completing tasks and submitting receipts. Ibotta reported revenues of $84.57 million, up 2.7% year on year. This print beat analysts' expectations by 3.1%. It was a strong quarter as it also put up an impressive beat of analysts' EPS estimates. The stock is flat since reporting and currently trades at $50. Read our full, actionable report on Ibotta here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
The $34.5 Billion-Dollar Deal That Started With a Love Letter
(Bloomberg) -- One of the biggest deals of the year so far started around Valentine's Day, with a love letter. Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NJ Transit Makes Deal With Engineers, Ending Three-Day Strike Chris Winfrey, the chief executive officer of cable giant Charter Communications Inc., wrote to his counterpart at Cox Communications Inc. with a proposal: If Cox was at all interested in combining the two companies, now was the time to move. The stars, he said, were finally aligned. It took Cox CEO Alex Taylor, the great grandson of the company's founder, about a month to respond. His family had owned Cox for four generations and is the longest serving operator in the industry, so ending sole ownership wasn't just a question of price — there was also a 127-year legacy at stake. Once he decided to engage, after discussions with family members including his uncle and former CEO of the company, Jim Kennedy, negotiations quickly kicked into high gear. On Friday, the deal was announced, confirming a Bloomberg News report: Charter and Cox agreed to combine in a cash-and-stock deal that values Cox at about $34.5 billion including debt, creating the top broadband operator in the US. The Cox family, the statement said, will be the largest shareholder in the merged company. Details of the whirlwind courtship, and how Charter finally convinced Cox to consider a deal, were described by multiple people involved in the talks, who asked not to be identified discussing private details. A spokeswoman for Charter declined to comment, while a Cox representative didn't provide comment. For Charter, the deal was a slow burn. John Malone, the 84-year-old billionaire who was a director at Charter until 2018 and has had influence over the company via his control of Liberty Broadband Corp., had kept Cox on his dream list for about a decade, and made various approaches over the years alongside former CEO Tom Rutledge and Winfrey. It was never the right time. But it wasn't until November that two coinciding events provided the impetus for a deal to finally happen. First Malone, who was deep into estate planning, agreed to collapse Liberty Broadband into Charter, eliminating Liberty's consent rights and directorships and making space to bring in another shareholder. The deal also meant Cox wouldn't have to negotiate with multiple parties. The week prior, Donald Trump had been reelected as US president. With Trump back in the White House, Charter felt it might have an easier time getting regulators on board with a deal than under Joe Biden's antitrust cops, who many felt had been against big deals regardless of their merits. A representative for Liberty Broadband declined to comment. Takeover Template Charter already had a well-thumbed playbook for bringing large, billionaire shareholders into its fold. In 2015, it agreed to buy a majority stake in the billionaire Newhouse family's cable company Bright House Networks from its parent Advance/Newhouse. It paid for the holding with several types of stock and cash. That, along with the more recent Liberty Broadband deal, served as a template for the Cox negotiations. A so-called Up-C structure was used, which allows a closely held company like Cox to go public while keeping some tax advantages. Advance Newhouse, meanwhile, still has seats on Charter's board and some consent rights, so it didn't make sense to offer Cox something significantly different from what the longtime partner already had. Eric Zinterhofer, Charter's non-executive chairman, was tasked with getting the Newhouses comfortable with the idea of a Cox deal, assuring them that the dynamic wouldn't change when Cox came in. A representative for Advance couldn't be reached for comment. As Charter was making preparations behind the scenes, Cox had also been considering its future. Over the previous two years the advantages of scale and scope in cable had become more apparent, as wireless companies lured away broadband subscribers with their own fiber offerings and abundant streamed content emboldened consumers to cut the cord on cable. Cox early last year brought in consultants from McKinsey & Co. to conduct a review, including looking at the company's position in the industry. Winfrey's letter, sent months after McKinsey had wrapped up its review, came at the perfect time. In the multi-page missive — which several of the people referred to as a love letter given when it was sent — he praised the company that the Cox family had built and laid out the strategic rationale for a deal: The added scale from a combination would position them to better compete and enable them to bundle offerings and more efficiently invest in infrastructure. Before deciding to engage, Taylor consulted internal confidantes like Cox President Dallas Clement, and brought in external advisers to determine the best path forward. The company also deliberated whether to canvas the market for other potential tie ups, but ultimately decided to unilaterally negotiate with Charter. Daily Discussions Once negotiations were underway, Taylor and Winfrey stayed in near constant communication, exchanging text messages and phone calls on a daily basis. The men had spent years getting to know each other, and wanted to keep as much of the negotiations as possible between the two of them to avoid leaks. Inside Cox, the deal was known as Project Horizon. At Charter it was called Project Cabot for Italian explorer John Cabot, who led voyages to the east coast of North America in the 15th Century. Meanwhile, Clement rallied Cox's advisers and put together a five-week plan for due diligence to be conducted on Charter's operating plan, strategy, capital structure and legal agreements. Advisers flew down to Atlanta to help prep Taylor and other members of Cox's management team for negotiating sessions, and Cox set a goal of having a formal response to Charter's term sheet by early May. Once that response was sent, the two sides reached a handshake agreement within a week. The deliberations were able to move smoothly in part because the people around the table already knew each other well. Citigroup Inc.'s Dan Richards and Christina Mohr were among the team advising Charter, while Cox's bankers included Evercore Inc.'s Eduardo Mestre and Dan Mendelow, Wells Fargo & Co.'s Derek Van Zandt and Jeff Hogan and Allen & Co.'s Ketan Mehta and Nancy Peretsman. Mestre, Richards, Mohr and Van Zandt all worked together at Citigroup, with Mehta overlapping with some of them at the same bank. Byron Trott, whose firm also won a role advising Cox, has been on the Cox Enterprises board for a decade and has known the family for years. LionTree's Aryeh Bourkoff and Ehren Stenzler have been close to Charter and companies associated with Malone for years. Sweet Finish The main discussions were around valuation, how much of the combined company Cox would own and what the breakdown would be between cash, convertible preferred stock and common stock. The Cox family also wanted to have a continued presence in Atlanta, but moving the headquarters there wasn't a dealbreaker. The combined company, which will be called Cox, will be headquartered in Stamford, Connecticut, but keep a significant presence in Atlanta. Last week, Taylor and Winfrey had decided they wanted to announce a deal by Friday morning. They agreed to sprint toward a deadline of 7 a.m. To keep everyone on track the night before the deal, lawyers for all of the stakeholders – fueled in at least one office by a late-night ice-cream order – agreed to check in with each other every few hours. If at any point they hit an impasse that would keep them from making the deadline, they'd agree to continue over the weekend. That didn't happen, and the announcement hit the newswires about 10 minutes before the deadline. 'The most important thing to me personally and to my family, the Cox family, is trust,' Taylor said hours later on a conference call discussing the deal. 'I would call this organization and this whole partnership a powerhouse of integrity and trust and hard work and long-term commitment that you won't find anywhere else.' Why Apple Still Hasn't Cracked AI Anthropic Is Trying to Win the AI Race Without Losing Its Soul Inside the First Stargate AI Data Center Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Liberty Broadband's (NASDAQ:LBRD.K) Earnings Seem To Be Promising
Liberty Broadband Corporation's (NASDAQ:LBRD.K) solid earnings announcement recently didn't do much to the stock price. Our analysis suggests that shareholders might be missing some positive underlying factors in the earnings report. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. To properly understand Liberty Broadband's profit results, we need to consider the US$22m expense attributed to unusual items. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If Liberty Broadband doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Unusual items (expenses) detracted from Liberty Broadband's earnings over the last year, but we might see an improvement next year. Because of this, we think Liberty Broadband's earnings potential is at least as good as it seems, and maybe even better! And the EPS is up 14% annually, over the last three years. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. Ultimately, this article has formed an opinion based on historical data. However, it can also be great to think about what analysts are forecasting for the future. At Simply Wall St, we have analyst estimates which you can view by clicking here. This note has only looked at a single factor that sheds light on the nature of Liberty Broadband's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
