The company posted revenue and EBITDA growth as it closes in on completing its merger.
News & Analysis: General Communication
Growth in data revenue wasn't enough to offset declines in video, voice, and wireless.
Revenue dropped as the company marches toward completing its merger.
The company posted a revenue decline, but will gain additional scale once its merger with Liberty Ventures Group is complete.
Shares of General Communication and the Liberty Ventures tracking stock soared on the news.
The company had a weak 2016 due to changes in its roaming and backhaul agreements, but it expects things to get better this year.
Revenue, adjusted EBITDA, and net income all declined, but there was plenty of positive news in the company's report.
The telecommunications company's recent roaming and backhaul agreements make comparisons difficult.
The Alaskan telecommunications company saw strength in certain areas, but wireline subscriber losses led to stagnant revenue overall.
The Alaskan telecommunications company enjoyed increasing sales during the quarter, but costs related to an acquisition hurt profits, and disappointing EBITDA guidance weighed on the shares.