--- title: "Liberty Broadband | 10-Q: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/284442675.md" datetime: "2026-04-28T20:18:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284442675.md) - [en](https://longbridge.com/en/news/284442675.md) - [zh-HK](https://longbridge.com/zh-HK/news/284442675.md) --- # Liberty Broadband | 10-Q: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD 1.41. EBIT: As of FY2026 Q1, the actual value is USD 19 M. #### Liberty Broadband Corporation Consolidated Financials **Operating Costs and Expenses:** General and administrative expenses decreased by $8 million to $4 million for the three months ended March 31, 2026, from $12 million in the prior year . Stock-based compensation remained flat at $1 million for both periods . **Operating Income (Loss):** The consolidated operating loss improved by $8 million, from - $13 million in 2025 to - $5 million in 2026 . **Interest Expense:** Decreased by $6 million to - $24 million for the three months ended March 31, 2026, from - $30 million in the prior year, primarily due to lower interest rates on variable rate debt and lower outstanding exchangeable senior debentures . **Share of Earnings (Losses) of Affiliate:** Decreased by $10 million to $308 million for the three months ended March 31, 2026, from $318 million in the prior year . This includes amortization expenses of $69 million in 2026 and $67 million in 2025 . **Gain (Loss) on Dilution of Investment in Affiliate:** The loss on dilution increased by $52 million to - $70 million for the three months ended March 31, 2026, from - $18 million in the prior year, mainly due to increased issuance of Charter common stock from employee stock options and restricted stock unit exercises . **Realized and Unrealized Gains (Losses) on Financial Instruments, Net:** Improved to - $3 million for the three months ended March 31, 2026, from - $37 million in the prior year, primarily due to changes in the fair value of outstanding debentures related to Charter stock market price changes . **Net Earnings (Loss) from Continuing Operations:** Decreased to $203 million for the three months ended March 31, 2026, from $234 million in the prior year . **Net Earnings (Loss) from Discontinued Operations:** Was $0 in 2026, compared to $34 million in 2025, due to the GCI Divestiture . #### Liberty Broadband Corporation Cash Flow **Net Cash Provided by (Used in) Operating Activities:** Increased cash usage to - $74 million for the three months ended March 31, 2026, from - $41 million in the prior year, primarily due to timing differences in working capital accounts . **Net Cash Provided by (Used in) Investing Activities:** Decreased to $193 million for the three months ended March 31, 2026, from $303 million in the prior year, mainly from the sale of Charter Class A common stock to Charter for $190 million (2026) and $300 million (2025) . **Net Cash Provided by (Used in) Financing Activities:** Increased to $810 million for the three months ended March 31, 2026, from $0 in the prior year, due to net borrowings on the Margin Loan Facility in preparation for debt repurchases . **Cash and Cash Equivalents:** As of March 31, 2026, cash and cash equivalents were $51 million, with restricted cash and restricted cash equivalents totaling $973 million . #### Charter Communications, Inc. (Affiliate) Summarized Operational Results **Revenue:** Decreased by $138 million to $13,597 million for the three months ended March 31, 2026, from $13,735 million in the prior year, primarily due to higher seamless entertainment allocation, partially offset by connectivity revenue growth . **Operating Costs and Expenses (excluding depreciation and amortization):** Decreased by $139 million to - $8,178 million for the three months ended March 31, 2026, from - $8,317 million in the prior year, mainly due to lower programming costs, partially offset by increased mobile service direct costs and advertising sales costs . **Depreciation and Amortization:** Increased by $30 million to - $2,211 million for the three months ended March 31, 2026, from - $2,181 million in the prior year, due to more recent capital expenditures . **Operating Income:** Decreased by $29 million to $3,208 million for the three months ended March 31, 2026, from $3,237 million in the prior year . **Net Income (Loss) Attributable to Charter Shareholders:** Decreased to $1,163 million for the three months ended March 31, 2026, from $1,217 million in the prior year . #### Operational Metrics (Charter) **Internet Customers:** Experienced a loss of 120,000 Internet customers in the first quarter of 2026 . **Mobile Lines:** Grew by 368,000 in the first quarter of 2026 . **Video and Voice Customers:** Losses improved compared to the prior year . **Rural Construction Initiative:** Spent $427 million and activated approximately 89,000 subsidized rural passings during the quarter . #### Debt and Liquidity (Liberty Broadband Corporation) **Total Debt:** Total debt was $2,565 million as of March 31, 2026, including a $1,600 million Margin Loan Facility and $965 million in 3.125% Exchangeable Senior Debentures due 2053 . **Margin Loan Facility:** Net borrowings of $810 million occurred during the three months ended March 31, 2026, in preparation for required repurchases of the 3.125% Debentures due 2053 . **3.125% Debentures due 2053:** All outstanding debentures were retired on April 6, 2026, with Liberty Broadband Corporation paying $966 million using proceeds from the Margin Loan Facility and restricted cash . #### Future Outlook and Strategy Liberty Broadband Corporation expects Charter repurchases to be a significant future liquidity source, with Charter intending to repurchase shares of its Class A common stock monthly from Liberty Broadband . From April 6, 2026, the monthly repurchase amount will be the lesser of $100 million or an amount sufficient to meet Liberty Broadband’s minimum liquidity requirements and the aggregate principal outstanding under the Margin Loan Facility . Projected cash uses for the remainder of 2026 include approximately $70 million for debt service and repayment, $10 million for Liberty Broadband preferred stock dividends, and various transaction-related expenses and reimbursements . ### Related Stocks - [LBRDA.US](https://longbridge.com/en/quote/LBRDA.US.md) ## Related News & Research - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [Keysight Technologies Reports Second Quarter 2026 Results | KEYS Stock News](https://longbridge.com/en/news/286959830.md) - [Autohome Inc. to Announce First Quarter 2026 Financial Results on May 28, 2026 | ATHM Stock News](https://longbridge.com/en/news/286390966.md) - [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md)