{"schema_version":"secwatch.filing_event.v1","accession":"0001560385-23-000015","form_type":"8-K","ticker":"FWONA","cik":"0001560385","company_name":"Liberty Media Corp","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.389593+00:00","generated_at":"2026-06-15T16:42:44.799592+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Liberty Media Q1: SiriusXM revenue down 2% to $2.14B; split-off of Braves targeted by end of Q2","bullets":["SiriusXM Q1 revenue $2.14B (-2% YoY), net income $233M ($0.06 EPS), adj. EBITDA $625M; full-year guidance raised.","Formula One Group revenue $381M (+6%), adj. OIBDA $117M (-4%); F1 leverage 2.2x triggers term loan margin cut.","Braves Group revenue $31M (+35% YoY) but operating loss widens to $49M on higher player salaries; no home games in Q1.","$575M of 3.75% LSXMA convertible notes issued; proceeds plus cash used to repurchase $591M 1.375% notes and $112M 2.125% debentures.","Completion of split-off of Atlanta Braves and creation of Liberty Live Group tracking stock targeted by end of Q2 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001560385-23-000015","json":"https://secwatch.observer/filing/0001560385-23-000015.json","markdown":"https://secwatch.observer/filing/0001560385-23-000015.md","text":"https://secwatch.observer/filing/0001560385-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1560385/000156038523000015/0001560385-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1560385/000156038523000015/lmca-20230502x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T16:42:44.799592+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d1d1e324764cb0b3a4f0d95519f155a0a4a687b8","claim":"Liberty Media Corp reported financial results for first quarter 2023.","evidence_excerpt":"LIBERTY MEDIA CORPORATION REPORTS FIRST QUARTER 2023 FINANCIAL RESULTS ​ ​ Englewood, Colorado, May 5, 2023- Liberty Media Corporation (\"Liberty Media\" or “Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today reported first quarter 2023 results.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1560385/000156038523000015/0001560385-23-000015-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}