Liberty Formula One Q2 2022 Earnings Report

Liberty Media reported second quarter results, noting growth in Formula One revenue and Braves attendance.

Key Takeaways

Liberty Media's Formula One Group saw a significant revenue increase in the second quarter of 2022, driven by growth across race promotion, media rights, and sponsorship. Braves Group also experienced revenue growth due to increased capacity and ticket demand.

Formula 1 revenue increased due to growth in race promotion, media rights, and sponsorship.

Braves revenue increased due to increased capacity and ticket demand.

SiriusXM revenue increased 4% year-over-year.

Liberty repurchased 2.4 million LSXMA/K shares for $93 million.