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Mar 31, 2022
Liberty Formula One Q1 2022 Earnings Report
Liberty Media's first quarter results were reported.
Key Takeaways
Liberty Media Corporation reported positive first quarter 2022 results, driven by strong performance in SiriusXM and Formula One Group, with Formula One revenue doubling compared to the previous year.
SiriusXM reported a 6% year-over-year increase in revenue, reaching $2.19 billion.
Formula One Group revenue doubled to $360 million, driven by increased race promotion, media rights, and sponsorship fees.
The Atlanta Braves saw revenue increase to $23 million, driven by baseball and development revenue.
Liberty Media authorized committee increased remaining repurchase authorization by $1 billion on May 4th.
Forward Guidance
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies, market potential, future financial performance and prospects, subscriber and financial guidance, Formula 1’s race calendar and new races, capacity limitations, plans regarding stock repurchases, the Battery Atlanta mixed-use development and other matters that are not historical facts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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