Liberty Broadband Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Liberty Broadband (NASDAQ:LBRD.K) Third Quarter 2024 Results

Key Financial Results

• 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.
• EPS: US$0.99 (down from US$1.11 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Liberty Broadband Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 50%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Media industry in the US.

Performance of the American Media industry.

The company's shares are up 8.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Liberty Broadband's balance sheet health.

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