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Liberty Broadband
(NASDAQ:LBRDK)
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Rating:51Neutral
Price Target:
$36.00
▲(24.61% Upside)
Action:Reiterated
Date:08/06/26
The score is held down primarily by weak and volatile recent financial performance (large TTM losses and negative operating/free cash flow), only partially offset by improved leverage and liquidity. Technicals have improved in the near term but appear stretched and remain below longer-term trend levels. Management’s earnings call was more constructive (dividend initiation, expected acquisition-driven FCF uplift, and declining future CapEx), supporting a modest lift despite near-term margin and cash flow pressure.
Positive Factors
Equity stake exposure to Charter
As a holding company owning a major stake in Charter, Liberty Broadband's business model provides durable exposure to a large broadband operator's cash generation and value appreciation. This structural link aligns long-term returns with Charter's operating performance and capital allocation.
Negative Factors
Persistent negative cash generation
Multi‑period negative operating and free cash flow indicate the company is consuming cash to run and invest the business. Persisting cash deficits force reliance on asset monetization, debt, or reduced returns to shareholders, limiting sustainable capital returns and strategic optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity stake exposure to Charter
As a holding company owning a major stake in Charter, Liberty Broadband's business model provides durable exposure to a large broadband operator's cash generation and value appreciation. This structural link aligns long-term returns with Charter's operating performance and capital allocation.
Read all positive factors
Liberty Broadband (LBRDK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.18B
Dividend YieldN/A
Average Volume (3M)1.14M
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth-100.00%
EPS Growth-583.21%
CountryUS
Employees74
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)-36.63
Shares Outstanding124,856,050
10 Day Avg. Volume998,080
30 Day Avg. Volume1,142,043
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.21
Price to Sales (P/S)0.00
P/FCF Ratio-21.11
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$54.00Price Target Upside86.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)5.44
Revenue Forecast (FY)$1.10B
Liberty Broadband Business Overview & Revenue Model
Company Description
Liberty Broadband Corporation is a telecommunications holding company primarily engaged in providing communication services through its two main divisions: GCI Holdings and Charter. The GCI Holdings segment, operating predominantly in Alaska under...
How the Company Makes Money
Liberty Broadband makes money primarily through the economic results of its equity ownership in Charter Communications. As a holding company, its cash generation is driven mainly by (i) value appreciation of its investment in Charter and (ii) any ...
Liberty Broadband Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 30, 2026
Earnings Call Sentiment Positive
The call presented a constructive strategic outlook: management is initiating a recurring dividend, pursuing the Quintillion acquisition (with meaningful pro forma OIBDA contribution and synergies), progressing rapid 5G expansion and growing converged relationships — all supported by healthy liquidity and a manageable leverage profile. Offsets include near‑term financial pressure from a peak CapEx cycle (2026), an 11% decline in adjusted OIBDA, lower trailing free cash flow, margin headwinds from distribution and new public company costs, and an organic broadband subs decline. Management expects cash generation to materially improve beginning in 2027 as CapEx declines and Quintillion contributions and synergies ramp, which underpins the favorable long‑term outlook despite near‑term softness.Positive Updates
Initiation of Recurring Dividend
Liberty Capital announced a recurring quarterly dividend starting Q4 of $15 million per quarter ($60 million per year), which management expects to represent approximately half of next year's free cash flow and less in 2028 as CapEx declines, establishing a durable baseline shareholder return.
Negative Updates
Adjusted OIBDA Decline
Adjusted OIBDA was $96 million for the quarter, an 11% decrease year‑over‑year, reflecting margin pressure and higher operating costs including public company expenses.
Read all updates
Q2-2026 Updates
Positive
Negative
Initiation of Recurring Dividend
Liberty Capital announced a recurring quarterly dividend starting Q4 of $15 million per quarter ($60 million per year), which management expects to represent approximately half of next year's free cash flow and less in 2028 as CapEx declines, establishing a durable baseline shareholder return.
Read all positive updates
Company Guidance
The company guided that it will initiate a recurring quarterly dividend of approximately $15 million (about $60 million per year) beginning in Q4, which management expects to represent roughly half of next year’s free cash flow (trailing 12‑month FCF was $59 million) and to be an even smaller share in 2028 as CapEx declines; they will manage GCI OpCo toward long‑term net leverage of ~3x (GCI net leverage was 2.8x and consolidated net leverage 2.1x at quarter end), expect the Quintillion acquisition to close this year and be accretive to FCF in year one (Quintillion would have contributed $50–55 million of adjusted OIBDA in 2026 including synergies, and is expected to deliver ~ $20 million of run‑rate synergies over 24 months, about half in the first 12 months), and forecast 2026 CapEx of ~ $290 million (Q2 CapEx net of grant proceeds was $70 million) with meaningful declines in 2027–2028; other disclosed metrics include Q2 revenue $261 million, adjusted OIBDA $96 million (down 11% YoY), consumer revenue -2% and business revenue +1%, consumer gross margin 71.8% and business gross margin 75.5%, consumer wireless +2,100 lines, converged customers = 42% of broadband and 63% of postpaid lines sold as converged, organic broadband -500 subs offset by an acquisition of +5,400 subs, 5G in 125+ communities reaching ~83% of Alaskans, consolidated cash $510 million (GCI cash $198 million), total debt ≈ $1.2 billion, GCI undrawn credit capacity $447 million (and up to $480 million of additional financing capacity secured), ~$3 million of ongoing public company costs per quarter, and ~$129 million of senior notes repurchased through July 31.Liberty Broadband Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
25
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 1.02B | 981.00M | 975.00M | 988.00M |
| Gross Profit | 0.00 | 0.00 | 759.00M | 736.00M | 722.00M | 706.00M |
| EBITDA | -3.56B | -3.14B | 1.48B | 1.32B | 290.00M | 264.00M |
| Net Income | -5.25B | -2.68B | 869.00M | 688.00M | 1.26B | 732.00M |
Balance Sheet | ||||||
| Total Assets | 5.68B | 8.83B | 16.69B | 15.64B | 15.14B | 16.97B |
| Cash, Cash Equivalents and Short-Term Investments | 43.00M | 57.00M | 89.00M | 158.00M | 375.00M | 191.00M |
| Total Debt | 1.22B | 1.75B | 2.76B | 3.82B | 3.89B | 3.85B |
| Total Liabilities | 1.94B | 3.13B | 6.88B | 6.62B | 6.64B | 6.83B |
| Stockholders Equity | 3.75B | 5.70B | 9.79B | 9.00B | 8.48B | 10.13B |
Cash Flow | ||||||
| Free Cash Flow | -248.00M | -327.00M | -143.00M | -206.00M | -237.00M | -131.00M |
| Operating Cash Flow | -367.00M | -327.00M | 104.00M | 16.00M | -56.00M | 3.00M |
| Investing Cash Flow | 1.18B | 1.21B | 130.00M | 150.00M | 3.05B | 4.06B |
| Financing Cash Flow | -965.00M | -940.00M | -181.00M | -390.00M | -2.80B | -5.29B |
Liberty Broadband Technical Analysis
Neutral
28.89
Price Trends
32.20
Positive
38.14
Negative
43.95
Negative
Market Momentum
1.29
Negative
65.84
Neutral
85.12
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LBRDK, the sentiment is Neutral. The current price of 28.89 is below the 20-day moving average (MA) of 32.98, below the 50-day MA of 32.20, and below the 200-day MA of 43.95, indicating a neutral trend. The MACD of 1.29 indicates Negative momentum. The RSI at 65.84 is Neutral, neither overbought nor oversold. The STOCH value of 85.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LBRDK.
Liberty Broadband Risk Analysis
Liberty Broadband disclosed 9 risk factors in its most recent earnings report. Liberty Broadband reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Liberty Broadband Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $8.93B | 7.80 | 8.77% | 4.42% | 13.45% | 148.36% | |
62 Neutral | $12.68B | 26.02 | 6.07% | 1.78% | -7.65% | -31.60% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | $4.81B | 12.33 | 7.27% | 4.01% | 18.57% | 5.36% | |
51 Neutral | $5.18B | -1.01 | -108.75% | ― | -100.00% | -583.21% | |
50 Neutral | $6.85B | -6.24 | -52.11% | ― | -7.74% | 13.54% |
* Communication Services Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.