GCI Liberty Reports Q3 Revenue Decline and Announces $300 Million Rights Offering
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GCI Liberty reported a 2% decline in Q3 revenue to $257 million compared to 2024, with an operating loss of $488 million due to a $525 million non-cash impairment charge. Adjusted OIBDA fell 8% to $92 million. The company generated $357 million in net cash from operating activities and $155 million in free cash flow over the past year. GCI plans a $300 million rights offering for stockholders before year-end.
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