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Companies / Communication Services / Liberty Broadband Corp
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Liberty Broadband Corp

Communication ServicesCommunicationsDeregistered 2026-08-31
Ticker —ENGLEWOOD, COFiscal year ends DecemberBook value per share $26.21Diluted shares 143.0M

Liberty Broadband Corporation operates as a holding company with significant investments in media and communications infrastructure. The company's website is www.libertybroadband.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%FY2025
$-2.68BFY2025
−407.9% year over year
Last 12 mo $-5.25B
-46.96%FY2025
−55.8 percentage points
Last 12 mo -140.05%
Cash & financing
$-327.00MFY2025
−414.4% year over year
Last 12 mo $-614.00M
$-327.00MFY2025
−128.7% year over year
Last 12 mo $-614.00M
0.34FY2025
Was 0.41× a year earlier
Last 12 mo 0.38
143.0MFY2025
No change, year over year
Last 12 mo 143.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Liberty Broadband Corp does

In the company’s own words

Liberty Broadband Corporation 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.

Company details
Sector
Communication Services
Industry (SIC)
Communications
Headquarters
ENGLEWOOD, CO
Fiscal year end
December
CIK
1611983
SIC
4841

Financial performance, year by year

Fiscal 2014–2025 · USD
$-5.98B$-3.79B$-1.61B$577.13M$2.76B201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Liberty Broadband Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

220
funds hold it
3 of 35
superinvestors hold it
$1.00B
held by funds, at market

Superinvestors in Liberty Broadband Corp · what they did last quarter

Bill NygrenDECREASED
Harris Associates (Oakmark)
0.1%of 13F portfolio
Wallace Weitz
Weitz Investment Management
1.6%of 13F portfolio
Ruane CunniffDECREASED
Ruane, Cunniff & Goldfarb (Sequoia)
0.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Liberty Broadband Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
FPA Crescent Fund
FPACX · Investment Managers Series Trust III
0.87%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets
Oakmark Fund
OAKMX · HARRIS ASSOCIATES INVESTMENT TRUST
0.30%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.10%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

By share class

ClassHeld by fundsFundsShares out
LBRDASeries A common stock15.9%15618.3M
LBRDKSeries C common stock21.2%209124.9M

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

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Liberty Broadband Corp and its peers compare on margins and cash generation over ten years?”
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