Liberty Broadband Corporation Q3 FY2024 earnings call

• Liberty Broadband and Charter were discussing a proposed all-stock transaction to rationalize corporate structure, enhance liquidity, etc. - Charter had strong Q3 results including subscriber and financial growth. - LTRIP had MAUs growth and Viator/TheFork financial highlights. - GCI had Q3 revenue and adjusted OIBDA growth. - Upcoming Annual Investor Meeting on November 14.

Liberty Broadband: Discussed a 13D filing with the SEC on 23rd September regarding potential all-stock transaction with Charter. Charter: Strong subscriber results in Q3 with 110,000 broadband net loss (excluding ACP), revenue growth 1.6%, adjusted EBITDA growth 3.6%, residential ARPU up 1.8%, mobile net adds 545,000, free cash flow $1.6 billion, net leverage 4.22x. LTRIP: MAUs return to year-over-year growth YTD, direct channel monthly active users up 30%, Viator adjusted EBITDA $30 million (11% margin), TheFork had best financial performance with revenue up 17%, adjusted EBITDA $5 million (10% margin). GCI: Revenue up $22 million Y/Y driven by data revenue, adjusted OIBDA $11 million, leverage 3.1x, $367 million undrawn revolver capacity.

• Invitation to attend the Annual Investor Meeting on November 14, with options to tune in virtually or in person at Jazz at Lincoln Center.

• Forward-looking statements subject to risks and uncertainties in Forms 10-K and 10-Q. - Regulatory risks related to potential transactions, e.g., Alaska regulatory for GCI.

Q: Ben Swinburne asked about Charter proposals, why now, buyback, and Alaska regulation.

A: Greg Maffei discussed the rationale for the transaction and buyback timeline, Ron Duncan commented on Alaska regulatory being manageable.

Q: Kutgun Maral asked about GCI in Charter discussions, timeline, and broadband market.

A: Greg Maffei couldn't comment on GCI inclusion, discussed timeline context.

Q: Barton Crockett asked about antitrust in Republican administration.

A: Greg Maffei discussed potential impact on M&A around Charter.