GLIBK GCI Liberty, Inc.

BEARISH Impact: 7/10 8-K
Horizon immediate Filed May 7, 2026 Processed 1mo ago SEC 0002057463-26-000012
8-K Item 2.02: Earnings release
Latest settled — T+20d ⚠ clustered
GLIBK ▼ -17.90% at T+20d
SHORT call ✓ call won +17.90% · α vs SPY +17.92% · entry $26.26 → $21.56
Next anchor: T+60d in 8w
Currently $20.68 · +21.25% from $26.26 entry (call sign-flipped)
Entry anchored
May 7, 2026
via day open
T+1d
+7.92%
call -7.92% · α -7.69%
$28.34
settled 5w ago
T+5d
-0.46%
call +0.46% · α +1.92%
$26.14
settled 27d ago
T+20d
-17.90%
call +17.90% · α +17.92%
$21.56
settled 5d ago
T+60d
—
call — · α —
—
in 8w

Price Chart

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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

Free Cash Flow
$99.0M

Actionable Insight

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.

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

revenueepsoperatingIncomeadjustedOIBDAsubscribers

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

Exchange
Nasdaq
Sector
Cable & Other Pay Television Services
Analyst Consensus
89% bullish (9 analysts)

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0002057463-26-000012
Document: tmb-20260506x8k.htm0002057463-26-000012
Document: tmb-20260506xex99d2.htm0002057463-26-000012
Document: 0002057463-26-000012-index-headers.html0002057463-26-000012
Document: 0002057463-26-000012-index.html0002057463-26-000012
Document: 0002057463-26-000012.txt0002057463-26-000012
8-K Data (Synthetic)0002057463-26-000012
2 reports for GLIBK
Performance horizon
Filters
Rows
Reports for GLIBK — sortable, filterable
Type Now
May 21, 2026
19d ago
8-K
NEUTRAL ★ 2/10
$24.97 $22.06▼ −11.65%▼ −13.31%$20.68 (−17.18%)
May 7, 2026
4w ago
8-K
BEARISH ★ 7/10
$26.26 $26.14▲ +0.46%▲ +1.92%$20.68 (+21.25%)
Showing 2 of 2

US Market Status

Market Closed — Opens Thu (10h 55m)

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