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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.
Liberty Media provided no forward guidance in the earnings report.