NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Liberty Media reported second quarter results, highlighting SiriusXM's strong financial performance, Formula One's delivery across various aspects, and the Braves' competitive performance and MLB attendance leadership.

Liberty Media Corporation reported positive second quarter 2021 results, driven by strong performance from SiriusXM, Formula One, and the Braves. SiriusXM reported a 15% increase in revenue and a 14% increase in adjusted EBITDA. Formula One saw a significant increase in revenue due to the resumption of races. The Braves lead MLB in total attendance.

  • SiriusXM reported a 15% increase in revenue and a 14% increase in adjusted EBITDA.
  • Formula 1 revenue increased significantly due to the resumption of races, increased fan engagement, and strategic partnerships.
  • The Braves lead MLB in total attendance, with over 1.5 million fans returning to Truist Park.
  • Liberty Media repurchased shares and exchangeable debentures, reflecting confidence in its businesses.

Headline financials

Total Revenue

$2.88B

Previous: $1.91B+50.7%
EPS (adj)

$0.24

No prior period
F1 Races in Period

7

No prior period
Consolidated Adjusted OIBDA

$63M

No prior period
Free Cash Flow

$417M

Previous: -$326M+227.9%
Net Income

$417M

Previous: -$326M+227.9%
Operating Income

$622M

Previous: $214M+190.7%
Cash & Equivalents

$3.94B

Previous: $4B-1.6%
Total Assets

$45.7B

Previous: $46.2B-1.2%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$2.88B

Q2 2021+50.7%vs Q2 2020
Beat estimate in 5 of 5 quarters(100%)
ActualEstimate

Forward guidance

This document contains forward-looking statements regarding business strategies, market potential, future financial prospects, and other matters. These statements are subject to risks and uncertainties that could cause actual results to differ materially.

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 Q2 2021

Historical avgQ2 2021

-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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