Liberty Capital Q2 Revenue Flat, OIBDA Drops 11%; Initiates $60M Annual Dividend
GLIBA sits 23% above its 52-week low of $19.61.
Summary
Q2 revenue was flat at $261M as consumer revenue declined from exiting the video business, partially offset by wireless growth. Adjusted OIBDA fell 11% on higher operating expenses, including technology and distribution costs tied to the restored Quintillion network. The company announced a new quarterly dividend starting December 2026, totaling about $60M annually — a significant capital return shift. The Quintillion acquisition is still expected to close this year, with GCI capex guided to $290M. This follows the June debt amendment that secured $480M in new facilities, providing funding capacity for these moves.
At the time of this announcement, GLIBA was trading at $24.17 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $938.9M. The 52-week trading range was $19.61 to $41.87. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.