- Liberty Media Corp FWONA reported first-quarter 2022 results, with results attributed to Liberty SiriusXM Group, Formula One Group, and Braves Group.
- Liberty SiriusXM Group: Liberty SiriusXM reported first-quarter FY22 revenue growth of 6% year-on-year to $2.19 billion.
- Liberty SiriusXM operating income expanded 108% Y/Y to $493 million.
- Liberty SiriusXM's adjusted OIBDA was $690 million, up 1% Y/Y.
- Liberty Media's ownership of SiriusXM was 81.4% as of April 26.
- Formula One Group reported Q1 revenue growth of 100% Y/Y to $360 million.
- The Group reported an operating income of $19 million and an adjusted OIBDA of $112 million.
- Braves Group reported Q1 revenue growth of 43.8% Y/Y to $23 million. The adjusted OIBDA loss was $(19) million.
- Total consolidated cash and equivalents totaled $3.29 billion (Sirius XM's $710 million, Formula One's $2.27 billion, and Braves' $311 million).
- Liberty Media's board increased the remaining repurchase authorization by $1 billion on May 4.
- "SiriusXM produced robust financial results while navigating well through challenging macroeconomic conditions and supply chain issues. Live Nation continues to experience record-breaking demand which it is matching with compelling live experiences. The powerful allure of Formula 1 continues, and we were excited to announce that the Las Vegas Grand Prix will join the calendar in November 2023," CEO Greg Maffei said.
- Price Action: FWONA shares traded higher by 2.55% at $57.51 on the last check Friday.
Loading...
Loading...
FWONALiberty Media Corp
$88.63-0.66%
Edge Rankings
Momentum
88.08
Growth
50.49
Quality
Not Available
Value
7.12
Price Trend
Short
Medium
Long
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
