Liberty Broadband
Logotype for Liberty Broadband Corporation

Liberty Broadband (LBRDA) investor relations material

Liberty Broadband Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Liberty Broadband Corporation
Q4 2025 earnings summary11 Feb, 2026

Executive summary

  • Achieved record annual revenue of $1.05 billion, with Adjusted OIBDA up 12% to $403 million, reflecting strong operational execution and strategic focus on broadband and wireless services after exiting the video business.

  • Completed a fully subscribed $300 million rights offering in December 2025, enhancing liquidity and supporting corporate flexibility and potential strategic initiatives.

  • Consumer wireless base expanded 2% year-over-year to 199,000, while data subscribers declined 3% to 151,200 due to wireless substitution and competition.

  • Net cash from operating activities was $370 million and free cash flow was $146 million for the year, up over 70% from 2024.

  • Operating loss widened to $347 million due to a $525 million non-cash impairment charge, resulting in a net loss of $309 million for 2025.

Financial highlights

  • Full-year revenue grew 3% year-over-year to $1.05 billion, driven by business segment growth; Adjusted OIBDA rose 12% to $403 million, a record high.

  • Fourth-quarter revenue was $262 million, flat year-over-year; Adjusted OIBDA increased 7% to $90 million.

  • Consumer gross margin increased to 70.7% for the year, up 220 bps; business gross margin reached 80.1%, up 390 bps.

  • Free Cash Flow for the year was $146 million, up over 70% from 2024, aided by working capital swings.

  • Basic and diluted EPS were $(9.97) for 2025, down from $2.26 in 2024.

Outlook and guidance

  • Business expected to remain stable in 2026, with CapEx peaking at approximately $290 million due to Alaska Plan build-out and timing shifts.

  • Long-term CapEx expected to return to historical 15%-20% of revenue after 2026.

  • Capital expenditures in 2025 focused on rural Alaska network improvements and FCC Alaska Plan build-out, expected to complete by end of 2026.

  • New 12-month free wireless promotion launched to support further postpaid growth.

  • Rights offering proceeds may be used for working capital, capex, debt repayment, or strategic acquisitions.

Postpaid growth strategy post-test drive promo
BEAD funding delay impact on rural expansion
DOCSIS 4.0/5G impact on data subscriber trend
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Liberty Broadband earnings date

Logotype for Liberty Broadband Corporation
Q1 20266 May, 2026
Liberty Broadband
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Liberty Broadband earnings date

Logotype for Liberty Broadband Corporation
Q1 20266 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Liberty Broadband Corporation designs, deploys, and operates wireless communications and technology solutions. The company offers data products and services, including WiFi communications and connectivity as well as cloud-based software applications. It also provides voice services; video offerings comprising video on demand, high-definition television, integrated digital video recorder service, wireless digital video recorders for laptops, and gateway devices to access traditional cable, satellite set-top boxes, and Internet Protocol television networks; home networking products; wholesale fiber network services through the acquisition of Zayo Group Holding Corporation in May 2017; international call termination services; voice over Internet protocol services; business continuity solutions enabling businesses to quickly recover from disruptions caused by natural disasters, power outages, or other interruptions in communications services; and managed networking solutions that allow businesses to leverage cloud-based applications to improve efficiency. In addition, the company offers managed access services that connect businesses with very large numbers of mobile users via small cells located on its network and in the public right of ways.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage