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Sep 30, 2023

Liberty Formula One Q3 2023 Earnings Report

Liberty Media reported third quarter results

Key Takeaways

Liberty Media reported strong third quarter results, with SiriusXM driving adjusted EBITDA growth and Formula 1 experiencing sell-out crowds and record race attendance.

SiriusXM reported a 47% year-over-year increase in net income.

Formula 1 announced a multi-year regional partnership with American Express.

Formula 1 continues to experience sell-out crowds and record race attendance.

Liberty made a proposal for a combination of Liberty SiriusXM and Sirius in September.

Total Revenue
$887M
Previous year: $715M
+24.1%
EPS
$0.39
Previous year: $0.31
+25.8%
Gross Profit
$186M
Cash and Equivalents
$1.47B
Free Cash Flow
$118M
Total Assets
$10.6B

Liberty Formula One

Liberty Formula One

Liberty Formula One Revenue by Segment

Forward Guidance

Liberty Media provided no forward guidance in the earnings report.