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 19 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
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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