Liberty Media reports FY2022 results: SiriusXM revenue $9B, F1 up 20%, Braves OIBDA down 36%; plans Braves split-off

Liberty Media Corp

SiriusXM full-year 2022 revenue $9.0B (+4% YoY), net income $1.21B, adjusted EBITDA $2.83B; 348k self-pay net adds.
F1 full-year revenue $2.573B (+20% YoY), adjusted OIBDA $593M (+20%); record 5.7M fan attendance.
Braves full-year revenue $588M (+4% YoY) but adjusted OIBDA fell 36% to $61M due to higher player salaries and fewer postseason games.
Liberty Media plans to complete split-off of Atlanta Braves Holdings and create Liberty Live Group tracking stock in Q2 2023.
No share repurchases in Nov-Jan; remaining authorization $1.1B.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Liberty Media Corp reported the year ended December 31, 2022 results: revenue $9.0 billion, net income $1.21 billion, EPS $0.31. Guidance initiated.

Period: the year ended December 31, 2022
Revenue: $9.0 billion
Net income: $1.21 billion
EPS: $0.31
Guidance: initiated
Result: reported results

Exact text from the filing

o SiriusXM reported strong full year 2022 results ◾ 2022 revenue of $9.0 billion; up 4% year-over-year ◾ Net income of $1.21 billion in 2022 and diluted EPS of $0.31 ◾ Adjusted EBITDA (2) reached $2.83 billion ◾ SiriusXM achieved financial guidance in 2022; reported full-year self-pay net additions of 348 thousand ◾ SiriusXM issued 2023 financial guidance

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Source: SEC EDGAR

accession 0001560385-23-000007

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