secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001560385-23-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000156038523000007/0001560385-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000156038523000007/lmca-20230301x8k.htm
  HTML page:      https://secwatch.observer/filing/0001560385-23-000007

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