Liberty Media Q2: SiriusXM rev flat at $2.25B, F1 rev -3%; Braves split-off done, tracker reclassification complete

Liberty Media Corp

Liberty SiriusXM Group revenue $2.25B (flat YoY); SiriusXM net income $310M (+6%), adj. EBITDA $702M (+3%).
Formula One Group revenue $724M (-3% YoY) on six races vs seven; adj. OIBDA $155M (flat).
Completed Braves split-off on July 18 and tracker reclassification on Aug 3, creating Liberty Live Group.
No share repurchases May-July; remaining repurchase authorization $1.1B.
F1 extended Austrian GP until 2030 and Hungarian GP until 2032; Heineken extended as Global Partner.

item 2.02 item 9.01

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 second quarter 2023 results: revenue $2.25 billion, net income $310 million, EPS $0.08.

Period: second quarter 2023
Revenue: $2.25 billion
Net income: $310 million
EPS: $0.08
Result: reported results

Exact text from the filing

SiriusXM reported second quarter 2023 operating and financial results ◾ Second quarter 2023 revenue of $2.25 billion ◾ Net income of $310 million, up 6% year-over-year; diluted EPS of $0.08

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Source: SEC EDGAR

accession 0001560385-23-000034

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