Liberty Media Corp

Liberty-C-SirXM Rg

Equity

ISIN null / Valor 128393369

NASDAQ (2024-09-09)

USD 22.29-1.15%

Liberty Media Corp
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About company

Liberty Media Corporation is a diversified media and entertainment company that has undergone significant transformations and restructuring over the years. It operates through various subsidiaries and has interests in a wide range of media, communications, and entertainment businesses. Notably, Liberty Media owns Formula 1, the premier international motorsports brand, which it acquired in 2017 for an enterprise value of $8.0 billion. The company has also structured itself around tracking stocks to reflect different facets of its operations, including the Liberty SiriusXM Group, Formula One Group, and Liberty Live Group, among others. These tracking stocks are designed to offer investors targeted exposure to specific parts of Liberty Media's portfolio. Additionally, Liberty Media has engaged in strategic acquisitions and spin-offs, such as the acquisition of Quint, a leading provider of ticket and hospitality packages to sports and entertainment events, and the split-off of Atlanta Braves Holdings. Through these maneuvers, Liberty Media aims to optimize its asset portfolio and enhance shareholder value.

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 a reduction in SiriusXM's 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 demonstrates the group's ability to maintain profitability despite a slight revenue decline.

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, indicating stable operational performance.

Formula One Group Revenue

Liberty Media Corp's Formula One Group saw a significant increase in revenue, reaching $871 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, as well as the addition of two more races.

Live Nation Investment

As of June 30, 2024, the fair value of Liberty Media Corp's investment in Live Nation was $6.5 billion. This valuation underscores the strong performance and market position of Live Nation within Liberty Media's portfolio.

Summarized from source with an LLMView Source

Key figures

-3.71%1Y

-53.6%3Y

-45.9%5Y

Performance

26.6%1Y

38.0%3Y

32.9%5Y

Volatility