Liberty Media Corp-Liberty Formula One

Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services. Pandora provides music, comedy, and a podcast streaming discovery platform. The Formula 1 segment focuses on the global motorsports business that holds exclusive commercial rights with respect to the World Championship, an annual, motor race-based competition. The company was founded on March 28, 1991, and is headquartered in Englewood, CO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Liberty Formula One excels in 2022, eyes Vegas expansion

Liberty Media Corp-Liberty Formula One delivered strong financial performance in 2022, driven by record attendance and digital engagement, with a focus on expanding its fan base through innovative initiatives.
The company's strategic partnerships, commitment to diversity, and long-term sustainability efforts position it well for continued growth and fan loyalty.
While facing challenges such as anticipated headwinds and increased OpEx, Formula One has opportunities to capitalize on the upcoming Las Vegas event, global expansion, and strategic repositioning post the Braves split.
By balancing financial success with fan engagement and social responsibility, Liberty Media Corp-Liberty Formula One aims to sustain interest, drive growth, and solidify its position in the market.

Liberty Media Corp reports improved performance and growth opportunities

Liberty Media Corp and its subsidiaries showed improved performance and strategic initiatives to drive growth and financial health.
Live Nation and Formula One Group demonstrated resilience and innovation in navigating challenges and seizing opportunities in their respective industries.
Analysts and executives discussed key financial metrics, operational updates, and growth strategies during the earnings call.
The earnings call highlighted a mix of positive performance, challenges to address, and promising opportunities for future growth and success.

Liberty Media Corp reports strong Q2 results and eyes growth opportunities

Overall, Liberty Media Corp's segments displayed strong performance and growth potential, with a focus on financial stability and strategic investments. Challenges such as noise in Q2 and uncertainty around share borrowing require careful navigation. Opportunities for revenue growth and long-term prospects present avenues for further expansion and profitability.

Liberty Media Corp excels in Q3 with Formula One's popularity surge and SiriusXM's dividend increase

Liberty Media Corp's subsidiaries showed strong performance, with SiriusXM and Formula One Group leading the way. While facing challenges in managing costs and navigating complex rights regimes, the company is well-positioned to capitalize on opportunities for growth through customer engagement initiatives and revenue diversification.

Liberty Media Corp's 2023 Earnings Call Highlights Strong Performance and Growth Opportunities

Liberty Media Corp's subsidiaries demonstrated robust financial performance in 2023, with Formula One Group and SiriusXM leading the way. The company is strategically positioned to capitalize on opportunities in media rights, sponsorship growth, and hospitality revenues while navigating challenges related to MLB's interests and contract renewals.

Liberty Media Corp reports robust Q2 performance and growth opportunities

Overall, Liberty Media Corp and its subsidiaries showcased strong financial performance and strategic advancements, positioning the company for continued growth and value creation.
While facing challenges in revenue optimization and distribution disputes, the company's diverse portfolio and operational strengths provide a solid foundation for future success.
By capitalizing on growth opportunities in expanding markets and enhancing fan experiences, Liberty Media Corp is well-positioned to drive further value and innovation across its businesses.

Liberty Formula One reports robust Q3 performance amidst sponsorship challenges

Liberty Media Corp-Liberty Formula One (FWONA) showcased strong financial performance and strategic initiatives in Q3 2024. While facing challenges in sponsorship revenue and profitability, the company remains focused on growth opportunities through partnerships and events.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Liberty Media Corp. engages in the media and entertainment industries. It operates through the following segments: Sirius XM Holdings, Formula 1, and Other. The Sirius XM Holdings segment focuses on operating two complementary audio entertainment businesses, Sirius XM and Pandora and Off-platform. The Formula 1 segment is involved in the global motorsports business that holds exclusive commercial rights with respect to the world championship, an annual, motor race-based competition. The company was founded on March 28, 1991, and is headquartered in Englewood, CO.

Sirius XM Holdings Inc

Liberty Media Corp-Liberty SiriusXM

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Proposes Combination with Sirius XM Holdings Inc.

Liberty Media Corporation Proposes Combination with Sirius XM Holdings Inc.

The rise in popularity of Formula One is attracting big-name companies to motor sport. What does this growth say about the future of the tech and auto industries?

Formula One 'On The Cutting Edge Of Technology': McLaren Racing CEO On Why Tech Industry Is Rushing To Motor Sports

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today that it has entered into a definitive agreement to acquire greater than 90% of QuintEvents, LLC (“Quint”) in a transaction valuing the company at $313 million. Quint will be attributed to Liberty Media's Formula One Group tracking stock, and the transaction, which is expected to be accretive, will be funded with cash on hand.

Liberty Media Corporation Announces Definitive Agreement to Acquire QuintEvents

Apple

Atlanta Braves Holdings Inc

Energy Transfer LP Unit

Globalstar

Lyft

QUALCOMM

Cassava Sciences Inc

Workday

Energy Transfer LP, Cassava Sciences, and PENN Entertainment Inc. were discussed in last week's insider trades update. CEO of Sirius XM Holdings Inc., Jennifer Witz, purchased 250,000 shares for over $1 million. Lyft, Inc. shares have risen nearly 20% since the introduction of new CEO David Risher in April, and insiders like the stock also.

Week Of 08/28 Notable Insider Buys

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Proposes Private Offering of Exchangeable Senior Debentures.

Liberty Media Corporation Proposes Private Offering of Exchangeable Senior Debentures

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation to Present at Goldman Sachs Communacopia & Technology Conference.

Liberty Media Corporation to Present at Goldman Sachs Communacopia & Technology Conference

Formula One Group's net earnings improved significantly in 2022, but declined in FH 2023. FWONA is investing in its business, with a focus on the upcoming Las Vegas Grand Prix. The value of Formula One teams has risen dramatically, and the number of races is increasing, causing stress on team personnel.

Formula One Group: Building The Brand, But A Separate Listing Could Help

Liberty Media (FWONA) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.35 per share a year ago.

Liberty Media (FWONA) Q2 Earnings Beat Estimates

Formula One Group (NASDAQ:FWONA ) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Shane Kleinstein - Vice President-Investor Relations Greg Maffei - President and Chief Executive Officer-Liberty Media Corporation Stefano Domenicali - President and Chief Executive Officer Brian Wendling - Chief Accounting and Principal Financial Officer-Liberty Media Corporation Renee Wilm - Chief Legal Officer & Chief Administrative Officer Ben Oren - Executive Vice President & Treasurer Conference Call Participants Stephen Glagola - Cowen & Company Ben Swinburne - Morgan Stanley Vijay Jayant - Evercore Bryan Kraft - Deutsche Bank David Karnovsky - J.P. Morgan Stephen Laszczyk - Goldman Sachs Marlane Pereiro - Bank of America Operator Good morning, and welcome to the Liberty Media Corporation's 2023 Q2 Earnings Call.

Formula One Group (FWONA) Q2 2023 Earnings Call Transcript

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Reports Second Quarter 2023 Financial Results.

Liberty Media Corporation Reports Second Quarter 2023 Financial Results

Interactive Brokers

Investors have been fascinated by the surging returns of AI stocks like Nvidia in 2023. But it's best to focus on the long term and avoid chasing short-term market frenzies.

AI Isn't the Only Game in Town: 2 Spectacular Stocks You Probably Don't Own, but Might Want to

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call and Website Postings of Upcoming Media Appearances.

Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call and Website Postings of Upcoming Media Appearances

Liberty Media Corp. LSXMA, -0.19% LSXMB, +10.40% FWONA, +0.15% FWONK, +0.05% BATRA, +0.36% BATRK, +0.58% said Friday it plans to complete its previously announced redemptive split-off of the MLB Atlanta Braves team parent Atlanta Braves Holding Inc. on July 18 after the market close. It also expects to complete its previously announced reclassification of Liberty Media's existing common stock and the creation of the new Liberty Live common stock on Aug. 3 after market close.

Liberty Media to split off Atlanta Braves stock on July 18

Based on 1Q23 team payments data, I see a potential for 20% increase in adjusted OIBDA in FY23. Las Vegas revenues are expected to reach around $500 million, with strong demand indicated by ticket sales for the Las Vegas Grand Prix. I expect FWONK to continue returning capital to shareholders, with a potential to buyback as much as 10% of the market cap if it levers up to its target ratio.

Formula One Group: Positive Growth Outlook Means It's A Buy

Formula One Group (NASDAQ:FWONA ) Q1 2023 Earnings Conference Call May 5, 2023 9:30 AM ET Company Participants Shane Kleinstein – Vice President-Investor Relations Greg Maffei – President and Chief Executive Officer-Liberty Media Corporation Stefano Domenicali – President and Chief Executive Officer Brian Wendling – Chief Accounting and Principal Financial Officer-Liberty Media Corporation Conference Call Participants David Karnovsky – J.P. Morgan Bryan Kraft – Deutsche Bank Vijay Jayant – Evercore Peter Supino – Wolfe Research Stephen Laszczyk – Goldman Sachs David Joyce – Seaport Research Partners Matthew Harrigan – Benchmark Company Operator Welcome to the Liberty Media Corporation's 2023 Q1 Earnings Call.

Formula One Group (FWONA) Q1 2023 Earnings Call Transcript

Liberty Media (NASDAQ:LINTA), whose portfolio of assets across the media and entertainment industries are tracked by the stocks Liberty SiriusXM Group, Formula One Group, and Braves Group, reported its first quarter earnings before the opening bell on Friday. Formula One Group, in which the Liberty SiriusXM Group has an approximate 0.4% intergroup interest as of April 30, reported revenue of $381 million, compared to $360 million in the year-ago quarter.

Formula One owner Liberty Media reports mixed 1Q results

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Reports First Quarter 2023 Financial Results.

Liberty Media Corporation Reports First Quarter 2023 Financial Results

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, BATRA, BATRK, FWONA, FWONK) will webcast a Formula One Group Q&A Session on Thursday, April 13, 2023 beginning at 5:00 p.m. ET. Liberty Media and F1 management will be available to answer questions. During the Q&A session, observations may be made regarding the company's financial performance and outlook, as well as other forward looking matters.

Liberty Media Announces Formula One Group Investor Q&A Session Webcast

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Closes Private Offering of $575 Million of 3.

Liberty Media Corporation Closes Private Offering of $575 Million of 3.75% Convertible Senior Notes Due 2028

Formula One Group (NASDAQ:FWONA ) Q4 2022 Earnings Conference Call March 1, 2023 10:00 AM ET Company Participants Shane Kleinstein - VP, IR Gregory Maffei - President & CEO Brian Wendling - Chief Accounting & Principal Financial Officer Stefano Domenicali - President & CEO, Formula One Conference Call Participants Vijay Jayant - Evercore Benjamin Swinburne - Morgan Stanley Barton Crockett - Rosenblatt Securities Stephen Laszczyk - Goldman Sachs Peter Supino - Wolfe Research Jason Bazinet - Citi Operator Welcome to the Liberty Media 2022 Year-End Conference Call. During the presentation, all participants will be in a listen-only mode.

Formula One Group (FWONA) Q4 2022 Earnings Call Transcript

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today reported fourth quarter and year end 2022 results.

Liberty Media Corporation Reports Fourth Quarter and Year End 2022 Financial Results

The FIA said they can "express their views on any political, religious or personal matter" in "their own space" but will face sanctions if they defy law on track.

Formula 1: The FIA clarifies free speech rule after fierce backlash from Lewis Hamilton and drivers

ENGLEWOOD, Colo.--( BUSINESS WIRE )--On November 14, 2022, the stockholders of Liberty Media Acquisition Corporation (“LMAC” or “the Company”) approved an amendment to LMAC's certificate of incorporation (the “Charter Amendment”) to allow LMAC to unwind and redeem all of its outstanding public shares prior to December 30, 2022. The Company filed the Charter Amendment with the Secretary of State of the State of Delaware on November 14, 2022.

Liberty Media Acquisition Corporation Amends Charter to Unwind Before Year-End and Announces December 1, 2022 as Amended Termination Date

Liberty Media Corporation (NASDAQ:FWONA ) Q3 2022 Results Conference Call November 4, 2022 10:00 AM ET Company Participants Courtnee Chun - Chief Portfolio Officer Greg Maffei - President and CEO Stefano Domenicali - President and CEO, Formula 1 Brian Wendling - Chief Accounting and Principal Financial Officer Conference Call Participants Doug Mitchelson - Credit Suisse Bryan Kraft - Deutsche Bank Jason Bazinet - Citi David Karnovsky - JP Morgan Ben Swinburne - Morgan Stanley Barton Crockett - Rosenblatt Securities David Joyce - Barclays Matthew Harrigan - Benchmark Operator Welcome to the Liberty Media Corporation's Third Quarter 2022 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode.

Liberty Media Corporation (FWONA) Q3 2022 Earnings Call Transcript

Liberty Media Corporation ("Liberty Media" or “Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today reported third quarter 2022 results. Headlines include(1)

News for Liberty Media Corp-Liberty Formula One Stock (FWONA)