The sharp earnings miss and deteriorating core trends (revenue decline, subscriber losses) will likely pressure GLIBK shares near term. Monitor the Quintillion acquisition closing and any further subscriber erosion; the strategic pivot to M&A introduces integration risk and higher leverage.
Price Chart
Executive Summary
GCI Liberty reported Q1 2026 revenue of $256M (-4% YoY), missing consensus of $268M, and EPS of $0.45, massively below the Street estimate of $1.21 (down 60% YoY). Operating income fell 48% and Adjusted OIBDA fell 18%, weighed by higher costs and $13M in non-comparable items. The company also announced the $310M acquisition of Quintillion and a $107M investment in Liberty Latin America, adding execution risk and leverage to an already weakening core business.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $256M, down 4% YoY vs consensus $268M
- GAAP EPS $0.45 vs $1.13 a year ago; Street consensus was $1.21
- Operating income fell 48% to $30M; Adjusted OIBDA down 18% to $93M
- Consumer cable modem subscribers fell 3% to 150,500; wireless lines up 2%
- Announced $310M cash acquisition of Quintillion (fiber infrastructure in Alaska)
- Bought ~6% equity stake in Liberty Latin America for $107M; potential further deal with Malone
- Name change to Liberty Capital Corporation; FY2026 capex guided to $290M
Financial Impact
Q1 revenue miss of ~$12M (4.5% below consensus) and EPS miss of $0.76 (63% below consensus); operating income decline of $28M YoY
Risk Factors
- Quintillion acquisition integration and $160M loan increase leverage
- Continued consumer subscriber losses (cable modems -3%)
- Higher capex ($290M in 2026) may pressure free cash flow
- Execution risk in turning around revenue declines
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0002057463-26-000012 |
| Document: tmb-20260506x8k.htm | 0002057463-26-000012 |
| Document: tmb-20260506xex99d2.htm | 0002057463-26-000012 |
| Document: 0002057463-26-000012-index-headers.html | 0002057463-26-000012 |
| Document: 0002057463-26-000012-index.html | 0002057463-26-000012 |
| Document: 0002057463-26-000012.txt | 0002057463-26-000012 |
| 8-K Data (Synthetic) | 0002057463-26-000012 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Insider Buy | $25.57 $25.55 | ▼ −0.08% | ▲ +1.90% | $23.24 (−9.11%) |
Aug 16, 2026 6w ago | Institutional Cluster | $25.57 $25.55 | ▼ −0.08% | ▲ +1.90% | $23.24 (−9.11%) |
Aug 12, 2026 7w ago | Insider Buy | $26.69 $25.78 | ▼ −3.41% | ▼ −1.66% | $23.24 (−12.93%) |
May 21, 2026 19w ago | 8-K | $24.97 $20.60 | ▼ −17.50% | ▼ −16.08% | $23.24 (−6.93%) |
May 7, 2026 21w ago | 8-K | $26.26 $21.56 | ▲ +17.90% | ▲ +17.92% | $23.24 (+11.50%) |
US Market Status
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