Liberty Formula One Q3 2024 Earnings Report
Key Takeaways
Liberty Media Corporation reported third quarter 2024 results, featuring the completion of the Liberty SiriusXM merger, refinancing of F1 debt, securing funding for MotoGP, and progress in Formula 1's commercial activities, including new sponsorship and licensing agreements.
Completed the combination of Liberty SiriusXM Group and SiriusXM on September 9th.
Refinanced F1 debt facilities, extending maturities and reducing margin on Term Loan B from 2.25% to 2.00%.
Secured all funding for MotoGP transaction and on track to close by year-end 2024.
F1 announced several new and expanded sponsorship agreements, including LVMH and Lenovo as Global Partners.
Liberty Formula One
Liberty Formula One
Liberty Formula One Revenue by Segment
Forward Guidance
Liberty Media anticipates continued growth and progress across its operating businesses, particularly within Formula 1 and Live Nation, with strategic acquisitions and partnerships expected to drive future performance.