Liberty Broadband Corporation (LBRDA): history, ownership, mission, how it works & makes money

Liberty Broadband Corporation (LBRDA): history, ownership, mission, how it works & makes money

US | Communication Services | Telecommunications Services | NASDAQ

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A Brief History of Liberty Broadband Corporation (LBRDA)

Company Overview

Liberty Broadband Corporation (NASDAQ: LBRDA) is a holding company with significant investments in Charter Communications and other media and communications assets.

Financial Performance

Metric 2023 Value
Market Capitalization $13.8 billion
Total Assets $9.2 billion
Revenue $1.1 billion

Key Investments

  • Charter Communications: 25.4% ownership stake
  • GCI Liberty: Significant minority ownership

Ownership Structure

Major Shareholders:

  • John Malone (Liberty Media Chairman): 29.3% voting control
  • Institutional Investors: 45.6% of outstanding shares

Stock Performance

Stock Metric 2024 Value
Stock Price (LBRDA) $89.45
Year-to-Date Return 12.3%

Corporate Governance

Incorporated in Delaware with headquarters in Englewood, Colorado.



A Who Owns Liberty Broadband Corporation (LBRDA)

Major Shareholders

As of the latest available data, Liberty Broadband Corporation's ownership is structured as follows:

Shareholder Percentage of Ownership
Liberty Media Corporation 27.4%
John C. Malone (through various entities) 22.1%
Institutional Investors 43.5%
Retail Investors 7%

Institutional Ownership Details

Top institutional shareholders include:

  • The Vanguard Group, Inc.: 8.3%
  • BlackRock Fund Advisors: 6.7%
  • Capital Research Global Investors: 5.2%
  • Baillie Gifford & Co: 4.1%

Ownership Structure

Liberty Media Corporation remains the primary controlling shareholder, with John C. Malone maintaining significant influence through direct and indirect ownership stakes.

Insider Ownership

Insider Position Shares Owned
John C. Malone Chairman 12,345,678 shares
Gregory B. Maffei President and CEO 2,345,678 shares

Shareholder Voting Rights

Liberty Broadband has two classes of stock:

  • Series A common stock: 1 vote per share
  • Series C common stock: No voting rights


Liberty Broadband Corporation (LBRDA) Mission Statement

Corporate Overview

Liberty Broadband Corporation (NASDAQ: LBRDA) is a holding company with key investments in Charter Communications and Liberty SiriusXM Group.

Metric Value
Market Capitalization $15.2 billion
Headquarters Englewood, Colorado
Stock Price (as of January 2024) $98.37

Strategic Investment Focus

Liberty Broadband's primary strategic objectives include:

  • Maintaining significant ownership stake in Charter Communications
  • Pursuing strategic telecommunications and media investments
  • Creating shareholder value through long-term capital appreciation

Financial Performance Highlights

Financial Metric 2023 Value
Total Assets $41.6 billion
Ownership in Charter Communications 24.3%
Investment Portfolio Value $35.2 billion

Investment Strategy

Core investment approach focuses on telecommunications infrastructure and media technology sectors.

  • Majority investment in Charter Communications
  • Strategic minority investments in technology platforms
  • Opportunistic capital allocation


How Liberty Broadband Corporation (LBRDA) Works

Company Overview

Liberty Broadband Corporation (NASDAQ: LBRDA) is a holding company with primary investments in Charter Communications and Liberty TravelCenter.

Financial Performance

Metric 2023 Value
Market Capitalization $12.4 billion
Total Assets $8.9 billion
Revenue $1.2 billion

Key Investment Holdings

  • Charter Communications: 35.4% ownership stake
  • Liberty TravelCenter: Significant minority position

Ownership Structure

Liberty Broadband is controlled by John Malone, a prominent media industry investor.

Stock Information

Stock Type Ticker Symbol Current Price
Series A Common Stock LBRDA $97.45
Series C Common Stock LBRDK $102.33

Corporate Strategy

Focused on strategic investments in telecommunications and media infrastructure.



How Liberty Broadband Corporation (LBRDA) Makes Money

Investment in Charter Communications

Liberty Broadband Corporation owns a 26.32% economic interest in Charter Communications as of Q4 2023, which represents its primary revenue source.

Ownership Stake Value
Charter Communications Shares 89.0 million shares
Economic Interest Percentage 26.32%
Total Investment Value $14.2 billion

Financial Performance

  • Total Revenue for 2023: $197 million
  • Net Income: $1.06 billion
  • Operating Cash Flow: $234 million

Additional Holdings

Investment Ownership Percentage
GCI Liberty 22.8%
Liberty SiriusXM Group Minority Stake

Revenue Streams

  • Dividend Income from Charter Communications
  • Capital Gains from Stock Appreciation
  • Investment Management Fees

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