NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Liberty Media reported increased revenue and operating income driven by Formula One Group's growth and SiriusXM's operating income improvement.

Liberty Media Corporation reported second quarter 2024 financial results, highlighted by the expected closing of the Liberty SiriusXM Group and SiriusXM combination on September 9th. Formula 1 experienced high engagement in growth markets, while Live Nation achieved record concerts profitability.

  • Liberty SiriusXM Group's combination with SiriusXM is expected to close on September 9th.
  • Formula 1 is experiencing high engagement in growth markets, with five races setting US live viewership records.
  • Live Nation achieved record concerts profitability, indicating continued strong global demand.
  • Liberty closed the Quint acquisition on January 2nd and began consolidating Quint results within the Corporate and Other segment.

Headline financials

Total Revenue

$3.17B

Previous: $3.24B-2.4%
F1 Races in Period

8

No prior period
Consolidated Adjusted OIBDA

$165M

No prior period
Capital Expenditures

-$360M

No prior period
Free Cash Flow

$457M

Previous: $253M+80.6%
Net Income

$457M

Previous: $253M+80.6%
Operating Income

$528M

Previous: $523M+1.0%
Cash & Equivalents

$2.09B

Previous: $1.93B+8.0%
Total Assets

$42.6B

Previous: $42.4B+0.4%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$3.17B

Q2 2024-2.4%vs Q2 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the release.

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 2024

Historical avgQ2 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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