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GCI's stock rose 2.7% after beating Q2 profit estimates. Net income was $13.7 million, contrasting last year's loss. Digital subscription revenue increased 22.3% to $46.3 million. The company expects low to mid-single digit revenue decline for 2024. Stock has gained 113% year-to-date, significantly outperforming the S&P 500.
- GCI's stock rose 2.7% after beating Q2 profit estimates.
- Net income was $13.7 million, contrasting last year's loss.
- Digital subscription revenue increased 22.3% to $46.3 million.
- The company expects low to mid-single digit revenue decline for 2024.
- Stock has gained 113% year-to-date, significantly outperforming the S&P 500.
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