v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Information  
Schedule of performance measures

Three months ended

Six months ended

June 30,

June 30,

2025

    

2024

2025

    

2024

amounts in millions

GCI Holdings

  

 

  

  

 

  

Consumer Revenue

  

 

  

  

 

  

Data

$

60

60

121

120

Wireless

35

34

69

69

Other

 

9

10

18

19

Business Revenue

 

Data

 

124

108

251

215

Wireless

 

8

10

16

21

Other

 

2

4

5

8

Lease, grant, and revenue from subsidies

 

23

20

47

39

Total GCI Holdings

261

246

527

491

Corporate and other

Total

$

261

 

246

527

 

491

Schedule of Other performance measures

Three months ended

June 30, 2025

GCI

Corporate

Holdings

and Other

Total

amounts in millions

Revenue

$

261

261

Operating expense (excluding stock-based compensation)

(58)

(58)

Selling, general and administrative expense (excluding stock-based compensation)

(95)

(9)

(104)

Adjusted OIBDA

$

108

(9)

99

Six months ended

June 30, 2025

GCI

Corporate

Holdings

and Other

Total

amounts in millions

Revenue

$

527

527

Operating expense (excluding stock-based compensation)

(116)

(116)

Selling, general and administrative expense (excluding stock-based compensation)

(192)

(21)

(213)

Adjusted OIBDA

$

219

(21)

198

Three months ended

June 30, 2024

GCI

Corporate

Holdings

and Other

Total

amounts in millions

Revenue

$

246

246

Operating expense (excluding stock-based compensation)

(62)

(62)

Selling, general and administrative expense (excluding stock-based compensation)

(98)

(6)

(104)

Adjusted OIBDA

$

86

(6)

80

Six months ended

June 30, 2024

GCI

Corporate

Holdings

and Other

Total

amounts in millions

Revenue

$

491

491

Operating expense (excluding stock-based compensation)

(124)

(124)

Selling, general and administrative expense (excluding stock-based compensation)

(191)

(11)

(202)

Adjusted OIBDA

$

176

(11)

165

Schedule of Other Information By Segment

June 30, 2025

 

Total

Investments

Capital

 

assets

in affiliate

expenditures

 

amounts in millions

 

GCI Holdings

    

$

3,363

    

    

119

Corporate and other

 

13,230

 

13,080

 

Consolidated Liberty Broadband

$

16,593

 

13,080

 

119

Schedule of reconciliation of segment Adjusted OIBDA to Operating income (loss) and Earnings (loss) before income taxes

Three months ended

Six months ended

 

June 30,

June 30,

 

2025

2024

2025

    

2024

 

amounts in millions

 

Consolidated segment Adjusted OIBDA

    

$

99

    

80

    

198

    

165

Stock-based compensation

 

(6)

(7)

(9)

 

(14)

Depreciation and amortization

 

(52)

(52)

(105)

 

(102)

Operating income (loss)

41

21

84

49

Interest expense

(40)

(52)

(80)

 

(103)

Share of earnings (loss) of affiliate, net

 

345

297

663

 

577

Gain (loss) on dilution of investment in affiliate

 

(15)

(4)

(33)

 

(32)

Realized and unrealized gains (losses) on financial instruments, net

 

76

(17)

39

 

59

Other, net

 

7

8

5

 

12

Earnings (loss) before income taxes

$

414

253

678

 

562