Liberty Broadband saw increased revenue from its Alaska-based telecommunications firm GCI Communications during the first quarter (Q1) of the year amid higher interest in the company’s wireless products and slower churn in its land-based Internet service business.
Total revenue attributed to GCI Communications was $266 million during the first three months of 2025, an increase of 9 percent. The company’s business and enterprise segment accounted for nearly half of that revenue with $145 million earned during Q1, up 13 percent. Consumer revenue increased 3 percent to $121 million.
GCI Communications ended the month of March with 155,800 land-based residential broadband subscribers, down 3 percent. Like other broadband companies, GCI Communications has faced increased pressure in Alaska from fixed wireless products launched by the phone carriers, as well as new broadband services like Starlink.
That said, customers who stick around with GCI Communications are taking advantage of the company’s wireless phone bundles, with more than 202,000 lines active as of March 31, an increase of 2 percent compared to last year.
GCI Communications is a wholly-owned subsidiary of Liberty Broadband, which also holds a stake in Charter Communications. Last November, Liberty Broadband and Charter agreed to merge; the acquisition of Liberty Broadband by Charter is still pending.
As part of the merger, Liberty Broadband agreed to spin-off GCI Communications into a separate business. The closure of Charter’s acquisition of Liberty Broadband, which expected to occur in 2027, is contingent upon that separation, the companies affirmed last year.
On Wednesday, Liberty Broadband said it is still moving forward with the spin-off of GCI Communications, which is expected to be finalized this summer.
On the investment side, Liberty Broadband received $300 million from the sale of 830,000 Charter sales back to Charter. Its remaining interest in Charter was valued at $16.4 billion as of March 31, the company said.
