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 20 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
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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