Revenue: As of FY2026 Q1, the actual value is USD 256 M.

EPS: As of FY2026 Q1, the actual value is USD 0.45.

EBIT: As of FY2026 Q1, the actual value is USD 34 M.

Financial Performance Overview

For the three months ended March 31, 2026, GCI Liberty, Inc. reported total revenue of $256 million, a decrease from $266 million in the same period in 2025. Net earnings for the period were $18 million, down from $35 million in the prior year. Operating income decreased significantly to $30 million in 2026 from $58 million in 2025. Adjusted OIBDA also saw a decline, reaching $93 million in 2026 compared to $113 million in 2025 .

Segmented Revenue

• Consumer Revenue: Data revenue was $59 million in 2026 compared to $61 million in 2025. Wireless revenue was $36 million in 2026 versus $34 million in 2025. Other consumer revenue was $4 million in 2026 compared to $9 million in 2025 .
• Business Revenue: Data revenue was $123 million in 2026 compared to $127 million in 2025. Wireless revenue remained stable at $8 million in both 2026 and 2025. Other business revenue was $2 million in 2026 compared to $3 million in 2025 .
• Lease, Grant, and Revenue from Subsidies: This segment generated $24 million in both 2026 and 2025 .

Operational Costs and Expenses

• Operating Expense (exclusive of depreciation and amortization): Increased to $132 million in 2026 from $125 million in 2025. Consumer direct costs were $32 million in 2026 compared to $36 million in 2025. Business direct costs were $32 million in 2026 compared to $26 million in 2025. Technology expense was $68 million in 2026 compared to $63 million in 2025 .
• Selling, General and Administrative Expense (including stock-based compensation): Increased to $39 million in 2026 from $30 million in 2025 .
• Depreciation and Amortization: Decreased slightly to $52 million in 2026 from $53 million in 2025 .
• Acquisition Costs: Increased to $3 million in 2026 from $0 million in 2025 .
• Interest Expense: Was - $8 million in 2026 compared to - $10 million in 2025 .
• Income Tax Benefit (Expense): Was - $8 million in 2026 compared to - $14 million in 2025 .

Cash Flow

• Net Cash Provided by Operating Activities: Totaled $78 million in 2026, down from $119 million in 2025 .
• Net Cash Used in Investing Activities: Was - $55 million in 2026, compared to - $46 million in 2025 .
• Net Cash Provided by (Used in) Financing Activities: Was - $4 million in 2026, compared to $1 million in 2025 .
• Capital Expenditures: Totaled - $56 million in 2026, compared to - $65 million in 2025 .
• Cash and Cash Equivalents: Stood at $435 million as of March 31, 2026 .

Unique Operational Metrics

• Consumer Cable Modem Subscribers: Decreased to 150,500 in 2026 from 154,700 in 2025 .
• Consumer Wireless Lines in Service: Increased to 200,000 in 2026 from 195,500 in 2025 .
• Business Wireless Lines in Service: Decreased to 7,700 in 2026 from 8,700 in 2025 .
• Deferred Revenue from Contracts with Customers: Was $30 million as of March 31, 2026, compared to $31 million as of December 31, 2025 .
• Unrecognized Revenue from Performance Obligations: Expected to be $240 million in the remainder of 2026, $154 million in 2027, $69 million in 2028, $61 million in 2029, and $88 million in 2030 and thereafter .

Future Outlook and Strategy

GCI Liberty is focusing on strategic acquisitions and investments, including an agreement to acquire Quintillion for $310 million cash and the purchase of Liberty Latin America Ltd. (LLA) Class A and C Common Shares for approximately $107 million in cash. The company anticipates net capital expenditures of approximately $235 million and $45 million for interest payments on outstanding debt, planning to cover these expenses through available cash and other liquidity sources. Additionally, the Board of Directors approved renaming the parent company to Liberty Capital Corporation, effective April 16, 2026 .