Reading LBRDA? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track LBRDA free→
Liberty Broadband Corp (LBRDA)
NASDAQCommunication ServicesTelecom ServicesSnapshot 2026-06-15
Watch· this week
$33.55-1.67%
Close 2026-06-15 · 1-day change
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
The bottom line
Recent financial performance is weak, and earnings quality is fragile, indicating that reported profits are not well supported by cash. Management's recent track record has been volatile, which adds to the elevated risk profile, while the sector backdrop presents a headwind. Peer multiples imply a price about 10% below where it trades (it looks expensive on this basis); the read is fair, but weakening. If sector bellwethers like TMUS, VZ, and T keep beating earnings and guiding higher, that could positively influence LBRDA. This read is provisional.
as of 2026-06-15
Quick facts
- Exchange
- NASDAQ
- Sector
- Communication Services
- Industry
- Telecom Services
- Market cap
- $4.91B
- Employees
- —
- IPO date
- 2014-07-25
- Next earnings
- 2026-08-06
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 2 valuation methods, at three horizons. Current price $33.55. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfull
$29.83consensus
Range $19.79 – $39.86
vs price: +12% above
Method agreement — · 2 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$42.69consensus
Range $27.85 – $57.53
vs price: -21% below
Method agreement — · 2 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Optionality premiumlow confidence
At $34, LBRDA's earnings are too small for P/E to mean much; on sales it trades at 5× p/s (3.4× the 1× p/s peer median). At a normal multiple the price implies ~10% near-term growth vs our ~7% forecast. That gap is an optionality premium a financial-multiple model can't price — our $30 fair value covers only the as-is business, low confidence. Not investment advice.
Multiple (P/S)
4.7x
peer 1.4x · own history —
Premium
3.4x peer
Growth the price needs
10%
our forecast 7%
Our fair value
$30.49
range $20.18 – $40.81
WhyPeer anchor understates a real premiumOptionality our model can't price
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fullfair — but weakening12-month view
What's priced inJustified
The market is pricing in roughly 10% near-term growth, in line with our forecast of about 7%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Low fragilityrisk posture, not a price call
Only weak execution quality — not the full expensive x weak x turbulent stack. Regime (Crisis) does not concentrate fragility.
Historical context
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
weakOperating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Communication Services names rated weak grew net income 59% of the time over the next year (vs 53% for the rest of the cohort, n=701).
29th pctl · Communication Services
Earnings quality
fragileOver the trailing year it converted 0.08x of net income into operating cash flow. Historically, Communication Services names rated fragile grew net income 43% of the time over the next year (vs 54% for the rest of the cohort, n=525).
4th pctl · Communication Services
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to real (inflation-adjusted) rates, Fed net liquidity, the US dollar, long-term interest rates.
Management & capital allocation
Earnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Sector context
Intermediate · WeeklySector phase: communication services is in declining, with may be transitioning (~0.2 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme streaming/OTT.headwind-15.2%sector vs S&P 500, 60d
via XLC
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
AI cycle regime · market-wide
2-axis classifierLong-term · 1–3 yr
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- strong
- Earnings discipline
- weak
- Margin discipline
- neutral
- Balance sheet
- strong
- Post-call reaction
- neutral
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$167.
How much price usually moves either way.
On a bad day, this stock has moved -$431.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $6,669.
Deepest peak-to-trough drop in the last year.
elevatedas of 2026-06-15
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideMedium confidenceQuartersactive 4d
Watch for sector revenue growth turning positive
Why it matters: If the sector grows, it may show a recovery. This would help Liberty Broadband.
What confirms / what disproves
Confirms:Sector revenue growth turns positive year over year.
Disproves:Sector revenue growth remains negative year over year.
Sector context
as of 2026-06-15
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for LBRDA yet.
This sector is also watching
- Watch for revenue growth cooling below 10% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like TMUS, VZ, and T keep beating earnings and guiding higher, the Communication Services sector momentum should keep lifting LBRDA and other Communication Services names. Worth watching these names for early signals.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for LBRDA and other Communication Services names, since rate-sensitive parts of the market tend to rally when the Fed eases.
Downside triggers
- If sector bellwethers like TMUS, VZ, and T start missing or guiding lower, the Communication Services tailwind helping LBRDA and other Communication Services names could fade. Watch these names for early warning.
- If GDP growth slows materially from the current 2.6% (say, below 2%), it hits LBRDA and other Communication Services names harder than the average stock, since the sector is growth-sensitive.
- If LBRDA misses again next quarter like this past one (a big miss of -33% on the 2026-03-31 print), expect continued pressure. The Street usually keeps walking estimates down after consecutive misses.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-141mo agoItem 1.01
Entry into a Material Definitive Agreement. Pursuant to (i) the Agreement and Plan of Merger (the “ Merger Agreement ”), dated as of November 12, 2024, by and among Liberty Broadband Corporation, a Delaware corporation (“ Liberty Broadband ”), Charter Communications, Inc., a Delaware corporation (“ Charter ”), Fusion Merger Sub 1, LLC, a Delaware limited liability company and wholly owned subsidiary of Charter (“ Merger LLC ”), and Fusion Merger Sub 2, Inc., a Delaware corporation and wholly…
Capital allocationpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-26 vs last weeklatest as of 2026-06-16
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.