--- title: "GCI LLC CL C | 8-K: FY2026 Q2 Revenue: USD 261 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295148699.md" datetime: "2026-08-06T21:42:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295148699.md) - [en](https://longbridge.com/en/news/295148699.md) - [zh-HK](https://longbridge.com/zh-HK/news/295148699.md) generator: "portal-rs" --- # GCI LLC CL C | 8-K: FY2026 Q2 Revenue: USD 261 M Revenue: As of FY2026 Q2, the actual value is USD 261 M. EPS: As of FY2026 Q2, the actual value is USD 0.4. EBIT: As of FY2026 Q2, the actual value is USD 35 M. ### Consolidated Financial Performance (Three Months Ended June 30, 2026 vs. 2025) #### Revenue - Total revenue was flat at $261 million for both periods. Consumer revenue decreased by 2% to $117 million, while Business revenue increased by 1% to $144 million. #### Operating Expenses - Total operating expenses (exclusive of depreciation and amortization) increased by 7% to - $137 million. - Consumer direct costs decreased by 6% to - $33 million. - Business direct costs increased by 35% to - $35 million. - Technology expense increased by 3% to - $69 million. #### Selling, General and Administrative Expense - This expense (exclusive of stock-based compensation) increased by 12% to - $28 million. #### Adjusted OIBDA - Adjusted OIBDA declined by 11% to $96 million, with the margin decreasing by 460 basis points to 36.8%. #### Stock-based Compensation - Increased by 40% to - $7 million. #### Depreciation and Amortization - Increased by 8% to - $56 million. #### Acquisition Costs - Totaled - $4 million, compared to $0 in the prior period. #### Operating Income - Operating income decreased by 43% to $29 million, with the margin decreasing by 840 basis points to 11.1%. #### Capital Expenditures - Capital expenditures, net of grant proceeds, increased by 37% to - $70 million. ### Consolidated Financial Performance (Six Months Ended June 30, 2026 vs. 2025) #### Revenue - Total revenue decreased by 2% to $517 million. - Consumer revenue declined by 3% to $232 million, and Business revenue declined by 1% to $285 million. #### Operating Expenses - Total operating expenses (exclusive of depreciation and amortization) increased by 6% to - $269 million. - Consumer direct costs decreased by 8% to - $65 million. - Business direct costs increased by 29% to - $67 million. - Technology expense increased by 5% to - $137 million. #### Selling, General and Administrative Expense - This expense (exclusive of stock-based compensation) increased by 11% to - $59 million. #### Adjusted OIBDA - Adjusted OIBDA declined by 14% to $189 million, with the margin decreasing by 530 basis points to 36.6%. #### Stock-based Compensation - Increased by 114% to - $15 million. #### Depreciation and Amortization - Increased by 3% to - $108 million. #### Acquisition Costs - Totaled - $7 million, compared to $0 in the prior period. #### Operating Income - Operating income decreased by 46% to $59 million, with the margin decreasing by 930 basis points to 11.4%. #### Capital Expenditures - Capital expenditures, net of grant proceeds, increased by 25% to - $125 million. ### GCI Consumer Segment Performance (Six Months Ended June 30, 2026 vs. 2025) #### Revenue - Total GCI Consumer revenue decreased by 3% to $232 million. - Data revenue decreased by 2% to $119 million. - Wireless revenue increased by 3% to $104 million. - Other revenue decreased by 50% to $9 million. #### Direct Costs - Consumer direct costs decreased by 8% to - $65 million. #### Gross Margin - Consumer gross margin decreased by 1% to $167 million, with the margin percentage increasing by 160 basis points to 72.0%. #### Operational Metrics - As of June 30, 2026, broadband subscribers totaled 155,400, a 1% increase. - As of June 30, 2026, wireless lines in service totaled 202,100, a 1% increase. ### GCI Business Segment Performance (Six Months Ended June 30, 2026 vs. 2025) #### Revenue - Total GCI Business revenue decreased by 1% to $285 million. - Data revenue decreased by 1% to $251 million, while Wireless and Other revenues remained flat at $20 million and $14 million, respectively. #### Direct Costs - Business direct costs increased by 29% to - $67 million, primarily due to higher distribution costs. #### Gross Margin - Business gross margin decreased by 7% to $218 million, with the margin percentage decreasing by 540 basis points to 76.5%. #### Operational Metrics - As of June 30, 2026, wireless lines in service totaled 8,000, a 7% decrease. ### Cash Flow (Trailing Twelve Months Ended June 30, 2026 vs. 2025) #### Net Cash Provided by Operating Activities - Totaled $308 million, a decrease from $342 million in the prior period. #### Free Cash Flow - Was $59 million, a decrease from $153 million in the prior period. ### Cash Flow (Six Months Ended June 30, 2026 vs. 2025) #### Net Cash Provided by Operating Activities - Was $164 million, down from $226 million. #### Net Cash Used in Investing Activities - Was - $296 million, compared to - $94 million. #### Net Cash Provided by Financing Activities - Was $213 million, compared to - $90 million. #### Net Increase in Cash, Cash Equivalents and Restricted Cash - Was $81 million, up from $42 million. #### Cash, Cash Equivalents and Restricted Cash, End of Period - Totaled $510 million, up from $117 million. ### Balance Sheet and Debt (As of June 30, 2026 vs. March 31, 2026) #### Cash, Cash Equivalents and Restricted Cash - Increased to $510 million from $448 million. #### Total Debt - Increased to $1,263 million from $1,035 million. #### Leverage - GCI Leverage increased to 2.8x from 2.3x. - Liberty Capital Leverage increased to 2.1x from 1.6x. #### Undrawn Capacity - GCI’s credit facility had $447 million in undrawn capacity (net of letters of credit). ### Outlook / Guidance - GCI expects to close the Quintillion acquisition in 2026, and Liberty Capital intends to initiate a recurring quarterly dividend of approximately $15 million per quarter, totaling $60 million annualized, starting in December 2026. GCI’s net capital expenditures for the full year 2026 are projected to be $290 million. ### Related Stocks - [GLIBK.US](https://longbridge.com/en/quote/GLIBK.US.md) ## Related News & Research - [Liberty Capital director John C. Malone acquires 1,000 common shares for $26,000](https://longbridge.com/en/news/296144159.md) - [81,212 Shares in GCI Liberty, Inc. - Series C GCI Group $GLIBK Acquired by Walleye Capital LLC](https://longbridge.com/en/news/293736134.md) - [Skye Bio amends 8-K to set Aug. 24 effective date for reverse stock split](https://longbridge.com/en/news/296471274.md) - [Vital Farms amends 8-K to add missing Item 5.03 in EDGAR header](https://longbridge.com/en/news/296122466.md) - [Getty Realty amends 8-K to detail Eugene Shnayderman separation, including $300,000 cash payment](https://longbridge.com/en/news/296534890.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**