GCI Liberty reported mixed results for Q4 and FY 2025, with revenue growth driven by the Business segment but offset by declines in the Consumer segment. While Adjusted OIBDA showed year-over-year growth, a significant impairment charge led to a substantial operating loss for the full year.
Full year 2025 revenue increased 3% to $1,046 million, driven by 7% growth in Business revenue.
positiveAdjusted OIBDA grew 12% year-over-year to $403 million for the full year 2025.
positiveGCI generated $370 million in net cash from operating activities for the twelve months ended December 31, 2025.
positiveFree cash flow for the twelve months ended December 31, 2025 was $146 million.
positiveGCI Liberty completed its approximate $300 million rights offering in December 2025, providing additional liquidity.
positiveOperating income for the full year 2025 was a loss of $347 million, significantly down from $140 million in the prior year, primarily due to a $525 million non-cash impairment charge.
negativeGCI Consumer revenue decreased 2% year-over-year for both the full year and the fourth quarter, driven by declines in video and data subscribers.
negativeConsumer cable modem subscribers declined 3% year-over-year to 151,200.
negativeTechnology expense increased 7% in Q4 2025 and 4% for the full year 2025.
attentionSelling, general and administrative expense increased 15% in Q4 2025 and 3% for the full year 2025.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
GCI Consumer | N/A | — | — | — |
GCI Business | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
2025 was an exceptional year for GCI and reflects our ongoing dedication to delivering best-in-class connectivity services across Alaska.
We achieved record Adjusted OIBDA, driven by our position as Alaska’s premier connectivity provider.
Additionally, in December, we completed our previously announced rights offering which provides GCI Liberty with additional liquidity and strategic optionality.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.