LBRDA - Liberty Broadband beats on revenue

Liberty Broadband (LBRDA): Q4 Adjusted OIBDA of $957K.Revenue of $38.27M (+871.3% Y/Y) beats by $33.87M.“We were pleased to complete the acquisition of GCI Liberty in December,” said Greg Maffei, Liberty Broadband President and CEO. “Since the shareholder vote, we have been active in the market and bought back nearly 2 million shares of Liberty Broadband for $272 million. We exceeded our equity ownership cap in Charter in the first quarter and will start participating in their buyback, which will provide a substantial stream of capital to Liberty Broadband. As a result, our Board recently increased our repurchase authorization to approximately $2.5 billion.”Press Release

For further details see:

Liberty Broadband beats on revenue