LBRD

Liberty Broadband Corp

Ticker: LBRDACommunication ServicesCommunications
HQ ENGLEWOOD, COCIK 1611983FY end 12-31Book / share $26.21Shares 143M
Revenue (FY)
Op. margin
0.00%
Net income
$-2.68B-407.94%
TTM $-5.25B
Operating cash
$-327.00M-414.42%
TTM $-614.00M
Free cash flow
$-327.00M-128.67%
TTM $-614.00M
Return on equity
-46.96%-55.84%
TTM -140.05%
Debt / equity
0.34-0.07%
TTM 0.38
Shares outstanding
143.0M0.00%
TTM 143.0M

The business

Liberty Broadband Corporation (NASDAQ: LBRDK) operates as a holding company with significant investments in media and communications infrastructure. The company's website is www.libertybroadband.com.

The company holds a substantial equity stake in Charter Communications, Inc., a leading broadband, video, and voice services provider serving millions of residential and business customers across the United States. Through this investment, Liberty Broadband maintains exposure to the cable and telecommunications industry, which represents a core component of its business portfolio. The Charter investment provides Liberty Broadband with both equity appreciation potential and dividend income streams.

Beyond its Charter holdings, Liberty Broadband pursues strategic investments and operational interests in communications and media properties. The company evaluates opportunities to acquire, develop, and manage businesses within the media and communications sectors, focusing on assets that offer long-term value creation potential.

Liberty Broadband's business model centers on building and maintaining a diversified portfolio of communications and media assets. The company benefits from the secular demand for broadband connectivity, video content delivery, and voice services, which remain essential infrastructure in modern society. By maintaining significant stakes in established operators like Charter, Liberty Broadband gains exposure to recurring revenue streams from subscription-based services while participating in the growth of high-speed internet adoption.

The company operates with a relatively lean corporate structure, leveraging the operational expertise of its portfolio companies rather than maintaining extensive direct operations. This approach allows Liberty Broadband to focus on capital allocation, strategic planning, and shareholder value creation.

Liberty Broadband was spun off from Liberty Media Corporation, establishing itself as an independent publicly traded company focused specifically on broadband and communications investments. This separation enabled the company to pursue a distinct investment strategy centered on the communications sector while allowing Liberty Media to focus on its media and entertainment portfolio.

The company's competitive advantages derive from its substantial capital resources, experienced management team with deep industry expertise, and strategic positioning within the growing broadband and communications infrastructure markets.

Sector
Communication Services
Industry
Communications
HQ
ENGLEWOOD, CO
FY end
12-31
CIK
1611983
SIC
4841
Financial performance · annual
20142025
$-5.98B$-3.79B$-1.61B$577.13M$2.76B201420152016201720182019202020212022202320242025TTMTTM

Ownership

Who holds Liberty Broadband Corp — across funds, superinvestors and bonds · N-PORT 2026Q1 · 13F 2026-03-31

244
funds hold it
3 of 36
superinvestors hold it
$1.54B
fund-held value
17.0%
of shares held by funds
1
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$216.08M
FPA Crescent Fund
FPACX · Investment Managers Series Trust III
1.39%$164.30M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%$156.58M
Oakmark Fund
OAKMX · HARRIS ASSOCIATES INVESTMENT TRUST
0.45%$109.15M
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.16%$99.71M

Superinvestors in Liberty Broadband Corp

Bill Nygren
Harris Associates (Oakmark)
0.3%
Ruane CunniffDECREASED
Ruane, Cunniff & Goldfarb (Sequoia)
1.2%
Wallace WeitzDECREASED
Weitz Investment Management
2.5%

Share of each manager's reported 13F portfolio.

By share class

ClassHeld by fundsFundsShares out
LBRDASeries A common stock17.0%16718.3M
LBRDKSeries C common stock22.0%235124.9M

Bonds held by funds

Funds report holding 1 issues of Liberty Broadband Corp's debt, $241.82M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 3.13%, maturing 20532053.

IssueCouponMaturesFundsFund-held
Liberty Broadband Corp.3.125%2053-03-3118$241.82M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of Liberty Broadband Corp's financials

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