Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Director Derek Chang was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 07
Liberty Broadband Corporation, Annual General Meeting, May 11, 2026 Liberty Broadband Corporation, Annual General Meeting, May 11, 2026. Announcement • Mar 06
Liberty Media Corporation Announces Transition of Renee Wilm from Chief Legal Officer and Chief Administrative Officer to Senior Advisor Liberty Media Corporation announced that Renee Wilm will transition from her role as Chief Legal Officer and Chief Administrative Officer of Liberty Media, Liberty Live and Liberty Broadband to become Senior Advisor to the companies, effective later this year. Ms. Wilm has served as Liberty’s Chief Legal Officer since 2019 and previously served the company as outside counsel for over two decades, helping guide the organization through many transformational transactions, capital restructurings and the continued evolution of Liberty’s portfolio of operating companies and investments. Ms. Wilm will also continue as Chief Legal Officer with GCI Liberty, Inc. Announcement • May 23
Liberty Broadband Corporation Appoints Derek Chang as Director, Effective May 22, 2025 Liberty Broadband Corporation announced that Derek Chang, President and CEO of Liberty Media Corporation, was appointed to the board of directors of Liberty Broadband, effective May 22, 2025. Following Mr. Chang’s appointment, the board will have a total of 8 directors, divided among three classes, with Mr. Chang serving as a Class I director with a term expiring at the annual meeting of stockholders in 2027. Announcement • Apr 09
Liberty Broadband Corporation to Report Q1, 2025 Results on May 07, 2025 Liberty Broadband Corporation announced that they will report Q1, 2025 results Pre-Market on May 07, 2025 Announcement • Feb 25
Liberty Broadband Corporation, Annual General Meeting, May 12, 2025 Liberty Broadband Corporation, Annual General Meeting, May 12, 2025. Announcement • Jan 30
Liberty Broadband Corporation to Report Q4, 2024 Results on Feb 27, 2025 Liberty Broadband Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.99 (vs US$1.11 in 3Q 2023) Third quarter 2024 results: EPS: US$0.99 (down from US$1.11 in 3Q 2023). Revenue: US$262.0m (up 9.2% from 3Q 2023). Net income: US$142.0m (down 12% from 3Q 2023). Profit margin: 54% (down from 68% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €86.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Media industry in Germany. Total loss to shareholders of 41% over the past three years. Announcement • Oct 10
Liberty Broadband Corporation to Report Q3, 2024 Results on Nov 07, 2024 Liberty Broadband Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 New Risk • Sep 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Sep 24
Liberty Broadband Corporation (NasdaqGS:LBRD.K) submits a non-binding proposal to acquire remaining 68.10% stake in Charter Communications, Inc. (NasdaqGS:CHTR) from John Malone and others for approximately $1.7 billion. Liberty Broadband Corporation (NasdaqGS:LBRD.K) submits a non-binding proposal to acquire remaining 68.10% stake in Charter Communications, Inc. (NasdaqGS:CHTR) from John Malone and others for approximately $1.7 billion on September 23, 2024. In its counterproposal, Liberty Broadband outlined the terms of a proposed combination of Liberty Broadband with Charter in an all-stock transaction intended to be tax-free whereby holders of each series of Liberty Broadband common stock would receive 0.2900 of a share of Charter Class A common stock (Nasdaq: CHTR) in exchange for each share of Liberty Broadband common stock. According to the terms of the counterproposal, Charter would assume or refinance Liberty Broadband’s debt at or prior to closing as well as Liberty Broadband’s outstanding preferred stock. During the pendency of the transaction, Liberty Broadband, including GCI, would operate in the ordinary course of business, subject to the terms of the definitive transaction agreements.
The proposed transaction would be subject to, among other things, the negotiation and execution of mutually acceptable definitive transaction documents, applicable board approvals, the requisite approval of Liberty Broadband stockholders, and the approval of a majority of the stockholders of Liberty Broadband unaffiliated with John Malone and his affiliates. The transaction would also be subject to customary closing conditions, including the receipt of requisite regulatory approvals and applicable tax opinions. The proposed transaction includes a closing date of June 30, 2027 or such earlier date as the parties shall mutually agree. New Risk • Sep 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$1.36 (vs US$1.73 in 2Q 2023) Second quarter 2024 results: EPS: US$1.36 (down from US$1.73 in 2Q 2023). Revenue: US$246.0m (flat on 2Q 2023). Net income: US$195.0m (down 23% from 2Q 2023). Profit margin: 79% (down from 103% in 2Q 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €59.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Media industry in Germany. Total loss to shareholders of 60% over the past three years. Announcement • Jul 12
Liberty Broadband Corporation to Report Q2, 2024 Results on Aug 08, 2024 Liberty Broadband Corporation announced that they will report Q2, 2024 results Pre-Market on Aug 08, 2024 New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€1.2m sold). Announcement • Jun 24
Liberty Broadband Corporation announced that it expects to receive $500 million in funding Liberty Broadband Corporation announced that it will raise $500 million in a round of funding on June 24, 2024. The company will issue senior debentures in the transaction. The debentures will became due in 2025. The Debentures will be exchangeable at the option of holders during specified periods. Upon an exchange of Debentures, the company, at its option, may deliver shares of Charter Class A common stock or the value thereof in cash or any combination of shares of Charter Class A common stock and cash. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$1.69 (vs US$0.47 in 1Q 2023) First quarter 2024 results: EPS: US$1.69 (up from US$0.47 in 1Q 2023). Revenue: US$245.0m (flat on 1Q 2023). Net income: US$241.0m (up 249% from 1Q 2023). Profit margin: 98% (up from 28% in 1Q 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Liberty Broadband Corporation, Annual General Meeting, Jun 10, 2024 Liberty Broadband Corporation, Annual General Meeting, Jun 10, 2024, at 08:15 US Mountain Standard Time. Agenda: To elect Julie D. Frist and J. David Wargo to continue serving as Class I members of our Board until the 2027 annual meeting of stockholders or their earlier resignation or removal; to ratify the selection of KPMG LLP as our independent auditors for the fiscal year ending December 31, 2024; to adopt the Liberty Broadband Corporation 2024 Omnibus Incentive Plan; and to approve, on an advisory basis, the compensation of our named executive officers as described in this proxy statement under the heading Executive Compensation. Announcement • Apr 11
Liberty Broadband Corporation to Report Q1, 2024 Results on May 08, 2024 Liberty Broadband Corporation announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 New Risk • Apr 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Profit margins are more than 30% lower than last year (70% net profit margin). Significant insider selling over the past 3 months (€2.2m sold). Recent Insider Transactions • Apr 10
Independent Director recently sold €1.2m worth of stock On the 8th of April, J. Wargo sold around 25k shares on-market at roughly €47.68 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.3m more than they bought in the last 12 months. Recent Insider Transactions • Mar 08
Independent Director recently sold €1.0m worth of stock On the 7th of March, J. Wargo sold around 20k shares on-market at roughly €52.24 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: US$4.71 (vs US$8.01 in FY 2022) Full year 2023 results: EPS: US$4.71 (down from US$8.01 in FY 2022). Revenue: US$981.0m (flat on FY 2022). Net income: US$688.0m (down 45% from FY 2022). Profit margin: 70% (down from 129% in FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €61.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Media industry in Europe. Total loss to shareholders of 50% over the past three years. Announcement • Jan 20
Liberty Broadband Corporation to Report Q4, 2023 Results on Feb 16, 2024 Liberty Broadband Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 16, 2024 Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Greg Engles was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: US$1.11 (vs US$2.07 in 3Q 2022) Third quarter 2023 results: EPS: US$1.11 (down from US$2.07 in 3Q 2022). Revenue: US$240.0m (down 3.2% from 3Q 2022). Net income: US$162.0m (down 49% from 3Q 2022). Profit margin: 68% (down from 127% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Oct 28
Liberty Broadband Corporation Announces Retirement of Albert E. Rosenthaler as Chief Corporate Development Officer, Effective January 1, 2024 On October 20, 2023, Liberty Broadband Corporation announced Albert E. Rosenthaler notified of his intention to retire from his position as Chief Corporate Development Officer of the Company, effective January 1, 2024. Announcement • Oct 07
Liberty Broadband Corporation to Report Q3, 2023 Results on Nov 03, 2023 Liberty Broadband Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 03, 2023 New Risk • Aug 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 82% Last year net profit margin: 142% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risk Profit margins are more than 30% lower than last year (82% net profit margin). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$1.73 (vs US$2.89 in 2Q 2022) Second quarter 2023 results: EPS: US$1.73 (down from US$2.89 in 2Q 2022). Revenue: US$245.0m (up 2.5% from 2Q 2022). Net income: US$252.0m (down 46% from 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jul 12
Liberty Broadband Corporation to Report Q2, 2023 Results on Aug 04, 2023 Liberty Broadband Corporation announced that they will report Q2, 2023 results Pre-Market on Aug 04, 2023 Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.47 (vs US$1.79 in 1Q 2022) First quarter 2023 results: EPS: US$0.47 (down from US$1.79 in 1Q 2022). Revenue: US$246.0m (up 3.4% from 1Q 2022). Net income: US$69.0m (down 77% from 1Q 2022). Profit margin: 28% (down from 126% in 1Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: US$8.01 (vs US$3.96 in FY 2021) Full year 2022 results: EPS: US$8.01 (up from US$3.96 in FY 2021). Revenue: US$975.0m (down 1.3% from FY 2021). Net income: US$1.26b (up 72% from FY 2021). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jan 26
Liberty Broadband Corporation to Report Q4, 2022 Results on Feb 17, 2023 Liberty Broadband Corporation announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 17, 2023 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €68.02, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Media industry in Germany. Total loss to shareholders of 38% over the past three years. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: US$2.07 (vs US$1.31 in 3Q 2021) Third quarter 2022 results: EPS: US$2.07 (up from US$1.31 in 3Q 2021). Revenue: US$248.0m (flat on 3Q 2021). Net income: US$315.0m (up 33% from 3Q 2021). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: US$2.98 (vs US$0.30 in 2Q 2021) Second quarter 2022 results: EPS: US$2.98 (up from US$0.30 in 2Q 2021). Revenue: US$239.0m (down 1.4% from 2Q 2021). Net income: US$465.0m (up US$408.7m from 2Q 2021). Over the next year, revenue is forecast to stay flat compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$1.79 (vs US$0.27 in 1Q 2021) First quarter 2022 results: EPS: US$1.79 (up from US$0.27 in 1Q 2021). Revenue: US$238.0m (down 3.5% from 1Q 2021). Net income: US$299.0m (up 473% from 1Q 2021). Over the next year, revenue is forecast to grow 2.4%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$3.97 (up from US$2.18 in FY 2020). Revenue: US$988.0m (up US$937.3m from FY 2020). Net income: US$732.0m (up 84% from FY 2020). Profit margin: 74% (down from 784% in FY 2020). The decrease in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.1%, compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$1.33 (vs US$0.38 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$250.2m (up US$246.0m from 3Q 2020). Net income: US$236.9m (up 244% from 3Q 2020). Profit margin: 95% (down from 1,635% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$0.30 (vs US$0.40 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: US$242.3m (up US$238.2m from 2Q 2020). Net income: US$56.3m (down 22% from 2Q 2020). Profit margin: 23% (down from 1,755% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • May 08
First quarter 2021 earnings released: EPS US$0.27 (vs US$0.043 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$246.5m (up US$242.4m from 1Q 2020). Net income: US$52.2m (up US$60.1m from 1Q 2020). Profit margin: 21% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS US$2.18 (vs US$0.65 in FY 2019) Full year 2020 results: Revenue: US$50.7m (up 241% from FY 2019). Net income: US$397.6m (up 239% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 30
New 90-day low: €118 The company is down 2.0% from its price of €121 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 37% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: €132 The company is up 13% from its price of €117 on 20 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.5%. Over the next year, revenue is forecast to grow 20% while the growth in Media industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 06
New 90-day high: €124 The company is up 11% from its price of €112 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. 
