Liberty Formula One Q2 2024 Earnings Report

Liberty Media reported increased revenue and operating income driven by Formula One Group's growth and SiriusXM's operating income improvement.

Key Takeaways

Liberty Media Corporation reported second quarter 2024 financial results, highlighted by the expected closing of the Liberty SiriusXM Group and SiriusXM combination on September 9th. Formula 1 experienced high engagement in growth markets, while Live Nation achieved record concerts profitability.

Liberty SiriusXM Group's combination with SiriusXM is expected to close on September 9th.

Formula 1 is experiencing high engagement in growth markets, with five races setting US live viewership records.

Live Nation achieved record concerts profitability, indicating continued strong global demand.

Liberty closed the Quint acquisition on January 2nd and began consolidating Quint results within the Corporate and Other segment.