F1 Q3 OIBDA up 3% to $221M; MotoGP funding secured, SiriusXM split-off completed

Liberty Media Corp

F1 revenue $861M (-3% YoY on one fewer race); primary revenue declined 4%, other revenue up 6%.
F1 Adjusted OIBDA $221M (+3%); operating income $146M (+11%) despite lower race count.
Completed Liberty SiriusXM split-off and merger with SiriusXM on Sept 9, 2024.
Secured $949M gross proceeds from 12.2M FWONK offering plus $1B incremental debt commitments for MotoGP acquisition, on track to close by year-end 2024.
Announced multi-year partnerships with LVMH, Lenovo, American Express, Santander; licensing deals with LEGO and Mattel Hot Wheels for 2025.

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