Liberty Broadband Corporation

Welcome to Liberty Broadband 2025 Q1 Earnings Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press star 1 on your telephone. As a reminder, this conference will be recorded May 7th. I would now like to turn the call over to Shane Kleinstein, SDP and Best Relations. Please go ahead. Thank you and 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 forms 10-K and 10-Q, followed by Liberty Broadband with the SEC. These forward-looking statements speak only as of the date of this call, and Liberty Broadband expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Broadband'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 our non-GAAP financial measures for Liberty Broadband, including adjusted OIBDA. Information regarding the comparable GAAP metrics, along with required definitions and reconciliations, including 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. Today speaking on the call, we have Liberty Broadband's Chief Accounting Officer and Principal Financial Officer, Brian Wendling, Liberty's Executive Vice President and Treasurer, Ben Oren, Ron Duncan, CEO of GCI and CEO of GCI Liberty, following its spinoff from Liberty Broadband, Pete Pound, CFO of GCI, and members of Liberty Management will be available to answer questions. Now I'd like to turn the call over to Brian Wendling.

Thank you, Shane, and good morning, everyone. Today we will provide a brief update on the pending acquisition by Charter of Liberty Broadband before turning to the results of the GCI business and then opening up for Q&A. The acquisition of Liberty Broadband by Charter was approved by Liberty and Charter shareholders on February 26th. The transaction is expected to close on June 30, 2027 unless otherwise agreed. Liberty Broadband remains on track to complete the spinoff of the GCI business this summer Yesterday, we filed the amended S-1, so we're working through the SEC process. And once the GCI spinoff is complete, we expect GCI Liberty Management, led by Ron Duncan with the support of our team, will conduct a separate earnings process, and we will no longer conduct a Liberty Broadband earnings conference call. GCI Liberty plans to host a virtual investor event prior to the spinoff to provide additional information on the GCI business. If you are interested in joining, please reach out to the Liberty IR team. And with that, I'm honored to turn the call over to Ben Oren to go through the balance sheet.