NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Second quarter results were reported, including the reclassification of Liberty Media tracking stocks and the split-off of Braves Group.

Liberty Media Corporation reported second quarter 2023 results, highlighted by the completion of the reclassification of tracking stocks and the split-off of Braves Group. SiriusXM's business showed resilience, while Live Nation had another record quarter.

  • Completed reclassification of tracking stocks to create Liberty Live Group tracking stock.
  • Formula One Group shareholders received distribution of 6.8 million shares of Atlanta Braves Holdings common stock on July 19th to settle intergroup interest in Braves Group
  • Completed split-off of Braves and associated mixed-use development into separate public company Atlanta Braves Holdings on July 18th
  • Announced 24-race calendar for 2024 with increased geographic efficiency in support of F1’s sustainability objectives

Headline financials

Total Revenue

$3.24B

Previous: $3.26B-0.4%
EPS (adj)

$0.41

Previous: $0.35+17.1%
Free Cash Flow

$253M

Previous: $622M-59.3%
Net Income

$253M

Previous: $622M-59.3%
Operating Income

$523M

Previous: $556M-5.9%
Cash & Equivalents

$1.93B

Previous: $2.65B-27.0%
Total Assets

$42.4B

Previous: $43.8B-3.0%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$3.24B

Q2 2023-0.4%vs Q2 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

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 2023

Historical avgQ2 2023

-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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