NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Liberty Media Corporation reported first quarter results, highlighting Formula One's revenue growth and the planned acquisition of MotoGP.

Liberty Media Corporation reported a strong first quarter in 2024, driven by Formula One's revenue growth and strategic acquisitions. The company's focus remains on expanding its presence in live events and sports industries.

  • Announced planned acquisition of MotoGP, expected to complete by year-end 2024.
  • Formula 1 kicked off the 2024 season with over 1 million fans in attendance across the first five races.
  • SiriusXM delivered solid revenue and adjusted EBITDA growth.
  • Planned merger with Liberty SiriusXM is on track to be completed at the beginning of the third quarter.

Headline financials

Total Revenue

$2.75B

Previous: $2.56B+7.6%
F1 Races in Period

3

No prior period
Consolidated Adjusted OIBDA

$202M

No prior period
Capital Expenditures

-$201M

No prior period
Free Cash Flow

$203M

Previous: $15M+1253.3%
Net Income

$203M

Previous: $15M+1253.3%
Operating Income

$502M

Previous: $340M+47.6%
Cash & Equivalents

$1.67B

Previous: $2.23B-25.3%
Total Assets

$42.4B

Previous: $42.3B+0.2%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$2.75B

Q1 2024+7.6%vs Q1 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Liberty Media did not provide specific forward guidance in this earnings report.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-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
Q2 2026———
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 2013———
Q1 2012———
Q4 2012———
Q2 2012———

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