Liberty Media Corp

FWONK

Equity

ISIN US5312297550 / Valor 128393374

NASDAQ (2024-11-22)

USD 84.17-1.13%

Liberty Media Corp
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About company

Liberty Media Corporation, headquartered in Englewood, Colorado, is a diversified holding company with significant interests in the media, communications, and entertainment sectors. The company's portfolio is organized around three primary tracking stocks: Liberty SiriusXM Group, Formula One Group, and Liberty Live Group. Liberty SiriusXM Group encompasses the company's stake in SiriusXM and its subsidiary Pandora, focusing on satellite radio and digital music streaming services. The Formula One Group includes Liberty Media's ownership of Formula 1, the premier international motor racing league, and Quint, alongside other minority investments. This structure allows Liberty Media to manage and report on the diverse aspects of its business portfolio effectively, catering to a wide range of consumer entertainment and communication needs.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Liberty Media Corp's Liberty SiriusXM Group reported a revenue of $2.16 billion for the first quarter of 2024, marking a 1% increase compared to the same period in 2023. This growth was driven by a 7% year-over-year increase in advertising revenue.

Net Income

For the first quarter of 2024, Liberty Media Corp's Liberty SiriusXM Group achieved a net income of $265 million. This resulted in a diluted earnings per share (EPS) of $0.07, reflecting the company's solid financial performance during the period.

Adjusted EBITDA

Liberty Media Corp's Liberty SiriusXM Group reported an adjusted EBITDA of $650 million for the first quarter of 2024, which represents a 4% increase year-over-year. This improvement highlights the company's effective cost management and operational efficiency.

Free Cash Flow

In the first quarter of 2024, Liberty Media Corp's Liberty SiriusXM Group generated a free cash flow of $132 million. However, this was an 8% decrease compared to the same period in the previous year, indicating some challenges in cash generation.

Formula One Group Revenue

Liberty Media Corp's Formula One Group reported a significant revenue increase to $553 million in the first quarter of 2024, up from $381 million in the same period of 2023. This 45% growth was driven by higher race promotion revenue, media rights fees, and sponsorship fees.

Summarized from source with an LLMView Source

Key figures

28.9%1Y

45.3%3Y

97.1%5Y

Performance

22.3%1Y

27.8%3Y

36.6%5Y

Volatility