Loading...
•
Sep 30, 2021
Liberty Formula One Q3 2021 Earnings Report
Liberty Media reported third quarter results, with SiriusXM and Formula 1 driving growth and Braves winning the World Series.
Key Takeaways
Liberty Media Corporation reported a strong third quarter, driven by the performance of SiriusXM, Formula 1, and the Atlanta Braves. SiriusXM posted record self-pay subscriber growth, while Formula 1 saw increased fan attendance and engagement. The Atlanta Braves claimed their first World Series title since 1995.
SiriusXM reported strong third quarter 2021 financial results with revenue of $2.20 billion, an increase of 9% from the prior year period.
Formula 1 set a record with US Grand Prix attendance over 400,000 for the weekend.
Braves claimed first World Series title since 1995 and 4th title in franchise history
Liberty Media's ownership in SiriusXM now exceeds 80%, and all future distributions from SiriusXM will be tax-free.
Forward Guidance
Liberty Media provided forward-looking statements regarding business strategies, market potential, future financial prospects, distributions to Liberty SiriusXM Group from SiriusXM, the redemption or exchange of the 2.25% Live Nation exchangeable debentures due 2048, Formula 1’s future races, plans regarding stock repurchases, future financial performance, the Battery Atlanta mixed-use development and other matters that are not historical facts.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...