secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001560385-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Liberty Media FY2023: SiriusXM rev $8.95B, F1 rev $3.222B; debt down, combo by Q3
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000156038524000004/0001560385-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000156038524000004/lmca-20240228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001560385-24-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer