GCI Liberty, Inc. (GLIBA) Reports Q2 Revenues Above Consensus
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GCI Liberty Reports Second Quarter 2018 Financial Results
August 8, 2018 4:15 PM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- GCI Liberty, Inc. (GCI Liberty) (Nasdaq: GLIBA, GLIBP) today reported second quarter 2018 results. Highlights include(1):
Completed reincorporation of GCI Liberty into Delaware on May 10th, preferred stock dividend increased from 5% to 7% beginning July 16th GCI (as defined below) operating income grew 41% and adjusted OIBDA(2) increased 3% GCI Consumer revenue grew 2% Consumer Data revenue up 11% and Wireless revenue up 3% as revenue from top tier unlimited wireless and data customers continued to grow Sequential Consumer Wireless growth of 4,400 subscribers... More