Liberty Media Corp

Liberty-A-SirXM Rg

Equity

ISIN null / Valor 128393495

NASDAQ (2024-09-09)

USD 22.29-1.20%

Liberty Media Corp
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About company

Liberty Media Corp, based in Englewood, Colorado, owns interests in a diverse portfolio of assets across the media, communications, and entertainment industries. The company's interests are divided into three tracking stocks: Liberty SiriusXM Group, Formula One Group, and Liberty Live Group. The businesses and assets attributed to Liberty SiriusXM Group primarily include Liberty Media's interests in SiriusXM and its subsidiary Pandora, while the Formula One Group consists of Liberty Media's subsidiaries F1 and Quint, along with other minority investments.

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

Revenue Decline

Liberty Media Corp's Liberty SiriusXM Group reported a revenue of $2.18 billion for the second quarter of 2024, reflecting a 3% decrease compared to the same period in 2023. This decline was primarily attributed to lower subscription revenue.

Net Income

For the second quarter of 2024, Liberty Media Corp's Liberty SiriusXM Group achieved a net income of $316 million, with a diluted EPS of $0.08. This marks a significant financial performance for the group during this period.

Adjusted EBITDA

Liberty Media Corp's Liberty SiriusXM Group reported an adjusted EBITDA of $702 million for the second quarter of 2024. This figure represents a slight decrease of 2% compared to the same quarter in the previous year.

Free Cash Flow

In the second quarter of 2024, Liberty Media Corp's Liberty SiriusXM Group generated a free cash flow of $343 million. This demonstrates the group's ability to maintain strong cash generation capabilities.

Formula One Group Revenue

Liberty Media Corp's Formula One Group saw a substantial increase in revenue, reaching $988 million in the second quarter of 2024, up from $724 million in the same period of 2023. This 20% growth was driven by higher media rights and sponsorship revenues.

Summarized from source with an LLMView Source

Key figures

-2.62%1Y

-53.7%3Y

-45.3%5Y

Performance

9.49%1Y

36.8%3Y

31.8%5Y

Volatility