NASDAQ$LBRDA

Liberty Broadband Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Liberty Broadband reported mixed results with GCI revenue increasing slightly but operating income decreasing significantly due to a legal settlement accrual.

Liberty Broadband's third quarter results showed a slight increase in GCI revenue but a significant decrease in operating income due to a legal settlement accrual. The fair value of Charter investment was $14.7 billion as of September 30th. Liberty Broadband repurchased 5.5 million LBRDA/K shares for $550 million.

  • Fair value of Charter investment was $14.7 billion as of September 30th
  • Liberty Broadband received $616 million from sale of 1.4 million Charter shares
  • Liberty Broadband repurchased 5.5 million LBRDA/K shares for $550 million
  • GCI revenue increased 1% to $248 million, operating income was $1 million

Headline financials

Total Revenue

$248M

Previous: $250M-0.9%
EPS (adj)

$2.05

Previous: $1.29+58.9%
Consumer wireless lines

195.1K

Previous: 188.8K+3.3%
Cable modem subscribers

156.1K

Previous: 147.8K+5.6%
Capital Expenditures

-$132M

Previous: -$91.2M-44.7%
Free Cash Flow

$183M

Previous: $146M+25.6%
Net Income

$315M

Previous: $237M+33.0%
Operating Income

-$12M

Previous: $25.2M-147.5%
Gross Profit

$118M

Previous: $180M-34.4%
Cash & Equivalents

$203M

Previous: $319M-36.4%
Total Assets

$15.1B

Previous: $18.4B-18.0%
Stock-Based Comp

$10M

Previous: $10.6M-5.5%

Revenue & EPS history

Liberty Broadband · Revenue · Quarterly

$248M

Q3 2022-0.9%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Liberty Broadband · $248M total across 1 segment · Q3 2022

  • GCI Holdings
    $248M+0.9%

Forward guidance

Liberty Broadband will discuss these highlights and other matters on Liberty Broadband's earnings conference call that will begin at 11:15 a.m. (E.T.) on November 4, 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.8%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.9%

Avg return

30 days after

65%

33 / 51 earnings

Positive

+8.9%

Q3 2020

Best reaction

-6.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.8%-1.4%-15.0%
Q3 2025+2.1%-4.4%-6.8%
Q1 2025+0.1%-0.1%+1.2%
Q4 2024+2.1%+5.5%+8.0%
Q3 2024-3.4%-3.5%-14.8%
Q2 2024+1.1%-0.9%-5.5%
Q1 2024-1.0%+1.8%-0.4%
Q4 2023+1.4%-1.3%-5.6%
Q3 2023-1.0%-1.7%-1.8%
Q2 2023-1.1%-1.0%-1.4%
Q1 2023-3.3%-4.8%-11.1%
Q4 2022-6.1%-4.8%-16.4%
Q3 2022+1.3%+0.1%+12.6%
Q2 2022+3.0%+2.0%-12.9%
Q1 2022+1.2%-1.6%+7.7%
Q4 2021+2.4%-4.2%-5.5%
Q3 2021+0.0%+0.4%-6.3%
Q2 2021-1.3%-0.3%+4.6%
Q1 2021+2.2%+0.4%+0.5%
Q4 2020+5.0%+3.3%+5.4%
Q3 2020+8.9%+4.4%+15.9%
Q2 2020-2.8%-2.7%-3.8%
Q1 2020+2.8%-0.1%+8.7%
Q4 2019-2.7%-4.2%-18.0%
Q3 2019+0.2%+0.4%+1.6%
Q2 2019+1.2%+1.0%+11.8%
Q1 2019+0.8%-1.4%+2.6%
Q4 2018-2.8%-2.3%-1.1%
Q3 2018-2.6%-2.0%-4.1%
Q2 2018+1.6%+0.4%+3.9%
Q1 2018-1.5%+1.7%-4.6%
Q4 2017-1.7%+0.3%-3.0%
Q3 2017+0.7%-0.3%-3.8%
Q2 2017-0.7%-1.8%+1.1%
Q1 2017-0.4%-1.2%+3.3%
Q4 2016+0.4%-0.0%-0.5%
Q3 2016+4.7%+4.8%+9.2%
Q2 2016-1.5%+3.6%+11.8%
Q1 2016+1.9%
Q2 2015+4.6%
Q4 2015+4.6%
Q3 2015+0.9%
Q1 2015-0.6%
Q1 2014-0.6%
Q2 2014+4.4%
Q4 2014+4.4%
Q2 2013+4.4%
Q1 2013+4.4%
Q3 2014+0.7%
Q4 2013+0.7%
Q3 2013+0.7%

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