NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Liberty Media's first quarter results were reported.

Liberty Media Corporation reported positive first quarter 2022 results, driven by strong performance in SiriusXM and Formula One Group, with Formula One revenue doubling compared to the previous year.

  • SiriusXM reported a 6% year-over-year increase in revenue, reaching $2.19 billion.
  • Formula One Group revenue doubled to $360 million, driven by increased race promotion, media rights, and sponsorship fees.
  • The Atlanta Braves saw revenue increase to $23 million, driven by baseball and development revenue.
  • Liberty Media authorized committee increased remaining repurchase authorization by $1 billion on May 4th.

Headline financials

Total Revenue

$2.57B

Previous: $2.25B+14.0%
EPS (adj)

-$0.15

Previous: -$0.20+25.0%
Free Cash Flow

$240M

Previous: -$116M+306.9%
Net Income

$240M

Previous: -$116M+306.9%
Operating Income

$463M

Previous: $142M+226.1%
Cash & Equivalents

$3.29B

Previous: $2.99B+9.8%
Total Assets

$44.5B

Previous: $44.5B+0.1%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$2.57B

Q1 2022+14%vs Q1 2021
Beat estimate in 8 of 8 quarters(100%)
ActualEstimate

Forward guidance

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies, market potential, future financial performance and prospects, subscriber and financial guidance, Formula 1’s race calendar and new races, capacity limitations, plans regarding stock repurchases, the Battery Atlanta mixed-use development and other matters that are not historical facts.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.0%

Avg return

30 days after

39%

12 / 31 earnings

Positive

+7.8%

Q1 2023

Best reaction

-29.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.4%+2.3%-1.1%
Q4 2025-3.1%-0.5%-8.6%
Q3 2025+0.7%+1.1%-8.5%
Q2 2025-2.4%-3.1%+1.1%
Q1 2025+2.4%+3.0%+8.3%
Q4 2024-3.3%-4.1%-6.3%
Q3 2024-1.6%-2.3%+13.3%
Q2 2024+1.6%-1.0%-1.8%
Q1 2024-0.8%-4.3%-0.2%
Q4 2023-4.1%+5.8%-4.8%
Q3 2023-1.0%+0.5%-3.1%
Q2 2023-29.7%-3.6%-5.3%
Q1 2023+7.8%+0.4%+1.9%
Q4 2022-1.9%+8.6%+10.3%
Q3 2022-0.3%-6.8%+9.1%
Q2 2022+0.1%+4.0%-4.5%
Q1 2022-8.4%-3.9%+2.2%
Q4 2021+0.2%-3.4%+6.0%
Q3 2021+6.4%+3.7%+9.1%
Q2 2021-0.7%+2.1%+8.4%
Q1 2021-1.4%-5.2%-3.5%
Q3 2020+1.6%+6.5%+12.0%
Q2 2020-0.7%+1.8%+0.6%
Q1 2020-2.9%-6.1%+18.0%
Q3 2019+1.3%+2.3%+3.4%
Q2 2019+4.0%+2.5%+8.4%
Q1 2019+4.1%-0.5%+1.2%
Q3 2018-0.1%-5.1%-5.0%
Q2 2018-3.3%+0.3%-0.8%
Q1 2018-2.8%-4.1%+1.4%
Q1 2016-0.8%
Q4 2015
Q2 2015
Q3 2015
Q1 2015
Q2 2014
Q4 2014
Q3 2014
Q1 2014
Q4 2013
Q2 2013
Q3 2013
Q3 2012
Q1 2012
Q1 2013
Q4 2012
Q2 2012

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