GCI Liberty, Inc. Class A ( (GLIBA) ) has released its Q3 earnings. Here is a breakdown of the information GCI Liberty, Inc. Class A presented to its investors.
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GCI Liberty, Inc., a broadband connectivity provider primarily serving Alaska, has reported its financial results for the third quarter of 2025. The company, which has recently exited the video business, focuses on providing data, mobile, voice, and managed services to a diverse customer base.
In its latest earnings report, GCI Liberty announced a 2% decline in total revenue to $257 million, with a significant operating loss of $488 million due to a non-cash impairment charge. Despite these challenges, the company generated $357 million in net cash from operating activities over the past twelve months, and it plans to launch a $300 million rights offering to enhance liquidity.
Key financial metrics reveal a 4% decrease in consumer revenue, primarily due to a decline in video and data services, while wireless revenue saw an 11% increase. Business revenue remained flat, with data service upgrades offsetting a decrease in wireless revenue. The company also reported a decrease in operating expenses and an increase in selling, general, and administrative expenses.
Looking ahead, GCI Liberty remains committed to expanding its broadband connectivity services in Alaska, supported by provisional awards of over $140 million in grants. The company aims to complete its network expansion projects by the end of 2026, focusing on rural areas and fulfilling federal build-out requirements.