Liberty Broadband Reports Q2 FY2023 Earnings Results on August 4, 2023
August 19, 2023
☀️Earnings Overview
On August 4 2023, LIBERTY BROADBAND ($NASDAQ:LBRDK) announced its earnings results for the second quarter of fiscal year 2023, ending on June 30 2023. Total revenue was USD 245.0 million, a 2.5% rise compared to last year’s same quarter. However, net income was down 45.8% year over year at USD 252.0 million.
Market Price
On Friday, August 4, 2023, LIBERTY BROADBAND released its second quarter fiscal year 2023 earnings report. The stock opened at $92.0 and closed at $90.9, a decrease of 1.4% from the prior closing price of $92.3. This was driven by strong growth in the broadband segment due to increased demand for the company’s services. LIBERTY BROADBAND also announced plans to expand its services in rural areas by investing in new technologies and expanding its network infrastructure.
The company also plans to launch new products and services to differentiate itself from competitors and to better meet customer needs. Overall, LIBERTY BROADBAND’s strong second quarter performance is reflected in its stock price, which declined slightly due to macroeconomic uncertainty caused by the ongoing pandemic. The company is confident that its long-term growth strategy and technological investments will result in strong future earnings reports. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Liberty Broadband. More…
| Total Revenues | Net Income | Net Margin |
| 989 | 814 | 85.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Liberty Broadband. More…
| Operations | Investing | Financing |
| -129 | 1.07k | -1.16k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Liberty Broadband. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.41k | 6.57k | 60.32 |
Key Ratios Snapshot
Some of the financial key ratios for Liberty Broadband are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 296.4% | 34.5% | 121.3% |
| FCF Margin | ROE | ROA |
| -30.5% | 8.6% | 4.9% |
Analysis
GoodWhale conducted an analysis of LIBERTY BROADBAND‘s wellbeing and found that they had an intermediate health score of 4/10 with regard to their cashflows and debt. This means that LIBERTY BROADBAND is likely to be able to sustain future operations in times of crisis. However, when evaluating the other aspects of LIBERTY BROADBAND’s wellbeing, we found that they had a strong rating for growth but were weak in asset, dividend, and profitability. Based on this analysis, we concluded that LIBERTY BROADBAND was classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Based on the analysis, we believe that several types of investors may be interested in LIBERTY BROADBAND. Those investors looking for a company with steady and moderate growth may be interested, as LIBERTY BROADBAND has proven to be a consistent performer in that area. Furthermore, investors looking for an established company with strong cashflows and debt may also be interested, as LIBERTY BROADBAND has demonstrated its ability to stay afloat through difficult economic times. More…
Summary
LIBERTY BROADBAND reported its earnings results for the second quarter of 2023, ending on June 30, with total revenue of USD 245.0 million, a 2.5% increase year-on-year. However, net income was reported at USD 252.0 million, a 45.8% decrease YoY. Investors should take heed of this decrease as it may indicate a weakening financial position for the company in the short term. They should also consider the potential risks and rewards associated with investing in LIBERTY BROADBAND before investing to ensure that it aligns with their investment strategy.
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