Liberty Formula One Q2 2023 Earnings Report
Key Takeaways
Liberty Media Corporation reported second quarter 2023 results, highlighted by the completion of the reclassification of tracking stocks and the split-off of Braves Group. SiriusXM's business showed resilience, while Live Nation had another record quarter.
Completed reclassification of tracking stocks to create Liberty Live Group tracking stock.
Formula One Group shareholders received distribution of 6.8 million shares of Atlanta Braves Holdings common stock on July 19th to settle intergroup interest in Braves Group
Completed split-off of Braves and associated mixed-use development into separate public company Atlanta Braves Holdings on July 18th
Announced 24-race calendar for 2024 with increased geographic efficiency in support of F1’s sustainability objectives