Liberty Formula One Q4 2023 Earnings Report
Key Takeaways
Liberty Media Corporation reported fourth quarter and year-end 2023 results, with Formula 1 experiencing double-digit growth across all revenue streams and the Las Vegas Grand Prix generating significant global buzz. SiriusXM progressed with strategic achievements, while managing its cost structure. Live Nation is capitalizing on the globalization of the music industry.
Formula 1 had another fantastic year with double digit growth across all revenue streams.
The Las Vegas Grand Prix generated massive global buzz.
SiriusXM progressed a number of strategic achievements, launching its next generation app and investing in marquee talent while managing its cost structure.
Live Nation is capitalizing on the globalization of the music industry, with 2024 already poised to surpass a record 2023.
Liberty Formula One
Liberty Formula One
Liberty Formula One Revenue by Segment
Forward Guidance
Liberty Media is focused on delivering great racing, fan experiences, and economic benefit to F1 and the local community for years to come. SiriusXM is focused on progressing a number of strategic achievements, launching its next generation app and investing in marquee talent while managing its cost structure. Live Nation is focused on capitalizing on the globalization of the music industry, with 2024 already poised to surpass a record 2023.
Positive Outlook
- Deepening relationships with fans
- Optimizing commercial partnerships
- Bringing incremental value
- Delivering great racing
- Delivering fan experiences and economic benefit to F1 and the local community for years to come
Challenges Ahead
- Possible changes in market acceptance of new products or services
- Regulatory matters affecting businesses
- The unfavorable outcome of pending or future litigation
- The failure to realize benefits of acquisitions
- Rapid technological and industry change