earnings
confidence high
sentiment neutral
materiality 0.75
Liberty Media FY2023: SiriusXM rev $8.95B, F1 rev $3.222B; debt down, combo by Q3
Liberty Media Corp
- SiriusXM FY 2023 revenue $8.95B (-1% YoY); net income $1.26B; adjusted EBITDA $2.79B; free cash flow $1.20B.
- Liberty SiriusXM Group debt reduced $279M in Q4 and $782M full year; combination with SiriusXM expected early Q3 2024.
- F1 FY 2023 revenue $3.222B (+25% YoY); adjusted OIBDA $725M (+22% YoY); record 6M race attendance.
- Inaugural Las Vegas Grand Prix generated 16B global social media impressions; F1 signed new Madrid GP from 2026.
- Liberty Live Group: Live Nation investment fair value $6.5B at Dec 31; remaining share repurchase authorization $1.1B.