Liberty Media Q3 2023: SiriusXM net income +47%, F1 revenue +24%, debenture issuance

Liberty Media Corp

SiriusXM revenue $2.27B; net income $363M (+47% YoY); adjusted EBITDA $747M (+4%).
Formula 1 revenue $887M (+24% YoY) on 8 vs 7 races; operating income $132M (+61%).
Liberty Live Group issued $1.15B 2.375% exchangeable debentures due 2053; repurchased $858M of 0.5% debentures.
Proposed combination of Liberty SiriusXM and SiriusXM to simplify structure; SiriusXM reiterated 2023 guidance.
No share repurchases Aug–Oct; remaining authorization $1.1B; retired $199M 1.375% notes in October.

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 financial results for third quarter 2023.

Period: third quarter 2023
Result: reported results

Exact text from the filing

Liberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today reported third quarter 2023 results.

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Liberty Media Corp filing history →

Source: SEC EDGAR

accession 0001560385-23-000052

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