Liberty Broadband Corporation (NASDAQ:LBRDK) Q2 2024 Results Conference Call August 8, 2024 11:15 AM ET

Company Participants

Clare Adams - IR
Greg Maffei - Chairman, President & CEO
Brian Wendling - Senior VP & CFO
Ronald Duncan - Co-Founder, CEO & Director

Conference Call Participants

Barton Crockett - Rosenblatt Securities
Ben Swinburne - Morgan Stanley
Alex Nordhagen - Balyasny Asset Management

Operator

Welcome to the Liberty Broadband 2024 Q2 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded today, August 8, 2024.

I would now like to turn the call over to Clare Adams, Senior Manager, Investor Relations. Please go ahead.

Clare Adams

Good morning. Before we begin, we'd like to remind everyone that this call includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in the most recent Form 10-K and 10-Q filed by Liberty Broadband and Liberty TripAdvisor with the SEC. These forward-looking statements speak only as of the date of this call, and Liberty Broadband and Liberty TripAdvisor expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in Liberty Broadband or Liberty TripAdvisor's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

On today's call, we will discuss certain non-GAAP financial measures for Liberty Broadband, including adjusted OIBDA. Information regarding the comparable GAAP metrics, along with required definitions and reconciliations, including preliminary note and Schedules 1 and 2, can be found in the earnings press release issued today as well as earnings releases for prior periods, which are available on Liberty Broadband's website.

Now I'd like to introduce Greg Maffei, Liberty's President and CEO.

Greg Maffei

Thank you, Clare, and good morning to all our listeners. Today, speaking on the call, we will have Liberty Broadband's Chief Accounting and Principal Financial Officer, Brian Wendling; Ron Duncan, CEO of GCI; and Pete Pounds, CFO of GCI will also be available to answer questions. And during Q&A, we will answer questions if there are any related to Liberty TripAdvisor.

So beginning first with Liberty Broadband. In July, we issued $860 million of the 3.125% Charter exchangeables. We used the proceeds from that offering to repay $540 million under our Charter Margin loan and repurchased $300 million of our existing 3.125% exchangeables.