GLIBANasdaqCable & Other Pay Television ServicesUS GAAP · USD

Liberty Capital Corp/NV

Liberty Capital Corp/NV is a U.S.-based holding company whose operating business is GCI, a regional telecommunications provider in Alaska. Through GCI and its subsidiaries, the company provides cable, broadband data, wireless, voice, and business connectivity services across consumer and commercial markets.

Liikevaihto1 046milj. USD
+3,0 %v/v
Liikevoitto (EBIT)−347milj. USD
−347,9 %v/v
EBIT-marginaali−33,2%
−47,0 %-yks.v/v
Nettotulos−309milj. USD
−541,4 %v/v
Vapaa kassavirta122milj. USD
+293,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2024–2025

−50005001 0001 500milj. USD2024: 1 016 milj. USD2024: EBIT 140 milj. USD20242025: 1 046 milj. USD2025: EBIT −347 milj. USD20251 046−347
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Data services71 %

Fixed broadband, cable modem, and business data connectivity services.

Wireless services24 %

Mobile voice and data services sold to consumer and business customers.

Other services5 %

Voice, installation, equipment, and miscellaneous telecom-related services.

Tuotteet

Raportoitu · osuus liikevaihdosta
47,8%22,8%13,7%9,0%FY2025100 %
  • Business Revenue Data47,8 %
  • Consumer Revenue Data22,8 %
  • Consumer Revenue Wireless13,7 %
  • Lease Grant and Revenue From Subsidies9,0 %
  • Business Revenue Wireless3,1 %
  • Muut3,7 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company serves residential households and businesses within its Alaska footprint, with a mix of consumer broadband, wireless, and voice subscribers. It also serves larger commercial customers that require prioritized service, installation, and integrated connectivity solutions. Customer retention and upselling are important because many sales come from adding services to the existing base.

Residential consumers

Households buying cable modem, wireless, and voice services for everyday connectivity.

Business customers

Commercial accounts buying data, wireless, and voice services for operations and communications.

Large commercial customers

Higher-value enterprise and institutional customers that receive prioritized service and support.

Strategia

The company’s operating strategy centers on serving its Alaska footprint with integrated broadband, wireless, and voice offerings. It emphasizes selling additional services to existing customers, improving service experience, and supporting larger commercial accounts with prioritized handling. Network investment and service quality are important because the business competes against national carriers and alternative internet technologies.

Grow revenue through cross-sell and upsellLyhyt aikaväli

The company relies on its installed base to add services and deepen customer relationships.

Protect network competitiveness in AlaskaKeskipitkä aikaväli

Coverage, reliability, and service breadth are central to retaining customers in a difficult operating geography.

Serve commercial accounts with differentiated supportKeskipitkä aikaväli

Large business customers are strategically important and require higher-touch service.

Maantiede

The business is concentrated in Alaska, where GCI operates a regional network and competes against national carriers and satellite-based internet providers. Its footprint is shaped by the state’s geography, population density, and reliance on terrestrial and wireless communications infrastructure. The company also has corporate support arrangements tied to Liberty Media in the United States.

Riskit

The business is exposed to intense telecommunications competition, especially from national wireless carriers and satellite-based internet providers that can pressure pricing and customer retention. Because operations are concentrated in Alaska, the company also faces geographic and infrastructure challenges, while cybersecurity, regulatory, and tax-sharing obligations add operational and legal complexity. As a holding-company structure, cash access and intercompany agreements are also important risks to monitor.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Competition from national carriers and satellite internet providers1Cybersecurity and network disruption2Geographic concentration in Alaska3Cash flow dependence on subsidiaries and intercompany agreements4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Competition from national carriers and satellite internet providersVaikutus: KorkeaTodennäköisyys: Korkea

    Alternative providers can offer flexible packages, broader device access, and converged services.

    Kohdistuu: Consumer and business wireless/broadband

  2. Cybersecurity and network disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Telecom networks and customer data are attractive targets and outages can quickly affect service quality.

    Kohdistuu: Network operations and customer information systems

  3. Geographic concentration in AlaskaVaikutus: KeskitasoTodennäköisyys: Korkea

    A single-region footprint ties performance to local economic conditions and infrastructure economics.

    Kohdistuu: Alaska operations

  4. Cash flow dependence on subsidiaries and intercompany agreementsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The parent company relies on operating cash and contractual arrangements to meet obligations.

    Kohdistuu: Holding company structure

Kirjanpito

Harkinnanvaraiset erät
Goodwill and intangible asset impairment

Management must test reporting units and indefinite-lived intangibles for recoverability, and impairments can be large.

Vaikutus: Recorded impairment charges materially affect operating income and equity.

Fair value measurement of acquired assets

Business combinations and asset valuations require estimates that influence balance-sheet carrying values.

Vaikutus: Changes in assumptions can alter future impairment risk.

Depreciation of network infrastructure

Cable and wireless networks require significant capital assets with judgmental useful lives.

Vaikutus: Depreciation affects operating profit and capital intensity analysis.

Separation, tax-sharing, and services agreements

Intercompany arrangements with Liberty entities affect expenses, reimbursements, and tax allocations.

Vaikutus: These agreements influence SG&A, cash flows, and tax-related balances.

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026