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

Liberty Broadband Corporation (LBRDK): 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 (LBRDK)

Company Overview

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

Financial Performance

Metric 2023 Value
Market Capitalization $32.1 billion
Share Price (as of January 2024) $129.45
Total Assets $14.6 billion

Key Investments

  • Charter Communications: Owns approximately 25.4% stake
  • GCI Liberty: Significant minority ownership
  • Liberty SiriusXM Group: Partial investment

Ownership Structure

The company is controlled by John Malone, a prominent media industry investor.

Stock Performance

Period Stock Performance
12-Month Return +18.3%
Year-to-Date Return (2024) +5.7%

Operational Highlights

  • Primary business: Investment holding company
  • Focus on telecommunications and media investments
  • Headquartered in Englewood, Colorado

Financial Metrics

Financial Indicator 2023 Value
Revenue $1.2 billion
Net Income $687 million
Earnings Per Share $4.85


A Who Owns Liberty Broadband Corporation (LBRDK)

Major Institutional Shareholders

Shareholder Shares Owned Percentage
The Vanguard Group, Inc. 16,385,877 14.62%
BlackRock Inc. 11,973,301 10.68%
Liberty Media Corporation 24,207,500 21.61%

Top Individual Shareholders

  • John C. Malone (Chairman): 3,500,000 shares
  • Greg Maffei (President & CEO): 750,000 shares

Ownership Structure

Liberty Media Corporation remains the primary controlling shareholder with 21.61% ownership, representing the largest single shareholder position in Liberty Broadband Corporation.

Institutional Investor Breakdown

Investor Type Total Shares Percentage
Mutual Funds 32,500,000 29.02%
Investment Advisors 28,750,000 25.65%
Pension Funds 12,250,000 10.93%


Liberty Broadband Corporation (LBRDK) Mission Statement

Corporate Overview

Liberty Broadband Corporation (NASDAQ: LBRDK) reported the following financial metrics as of Q4 2023:

Financial Metric Amount
Market Capitalization $32.6 billion
Total Revenue $1.87 billion
Net Income $456 million

Strategic Focus Areas

Liberty Broadband's primary strategic objectives include:

  • Telecommunications infrastructure development
  • Strategic investment in media and communications technologies
  • Charter Communications equity ownership

Key Investment Holdings

Investment Ownership Percentage Value
Charter Communications 23.5% $14.3 billion

Operational Metrics

Operational performance indicators for 2023:

  • Total Assets: $47.2 billion
  • Equity Investments: $41.6 billion
  • Cash and Equivalents: $3.1 billion

Corporate Governance

Leadership structure as of 2024:

Position Name
Chairman John C. Malone
CEO Greg Maffei


How Liberty Broadband Corporation (LBRDK) Works

Company Overview

Liberty Broadband Corporation (NASDAQ: LBRDK) is a holding company with significant investments in Charter Communications.

Financial Performance

Metric 2023 Value
Market Capitalization $22.3 billion
Total Assets $16.7 billion
Revenue $1.2 billion

Key Investments

  • 86.8% ownership stake in Charter Communications
  • Approximately 34.4 million Charter shares owned
  • Valued at approximately $16.5 billion

Ownership Structure

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

Stock Performance

Stock Metric 2024 Value
Stock Price (LBRDK) $84.52
52-Week Range $64.85 - $102.48

Corporate Strategy

  • Passive investment holding company
  • Focus on telecommunications and media investments
  • Primary asset is Charter Communications stake


How Liberty Broadband Corporation (LBRDK) Makes Money

Investment in Charter Communications

Liberty Broadband Corporation owns a 35.7% economic interest in Charter Communications as of Q4 2023, with a market value of approximately $22.4 billion. This represents the primary source of revenue and value for the company.

Ownership Stake Value
Charter Communications Stake 35.7%
Market Value of Stake $22.4 billion

Financial Holdings

The company maintains significant cash and investment positions, with approximately $1.3 billion in cash and marketable securities as of December 31, 2023.

Revenue Streams

  • Dividend income from Charter Communications
  • Investment income from financial securities
  • Potential capital gains from strategic investments

Financial Performance

Financial Metric 2023 Value
Total Assets $26.7 billion
Net Income $1.2 billion
Shareholders' Equity $23.5 billion

Investment Strategy

Liberty Broadband focuses on long-term strategic investments in telecommunications and media infrastructure, primarily through its significant stake in Charter Communications.

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