NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Liberty Media reported third quarter results, with SiriusXM and Formula 1 driving growth and Braves winning the World Series.

Liberty Media Corporation reported a strong third quarter, driven by the performance of SiriusXM, Formula 1, and the Atlanta Braves. SiriusXM posted record self-pay subscriber growth, while Formula 1 saw increased fan attendance and engagement. The Atlanta Braves claimed their first World Series title since 1995.

  • SiriusXM reported strong third quarter 2021 financial results with revenue of $2.20 billion, an increase of 9% from the prior year period.
  • Formula 1 set a record with US Grand Prix attendance over 400,000 for the weekend.
  • Braves claimed first World Series title since 1995 and 4th title in franchise history
  • Liberty Media's ownership in SiriusXM now exceeds 80%, and all future distributions from SiriusXM will be tax-free.

Headline financials

Total Revenue

$3.1B

Previous: $2.73B+13.5%
EPS (adj)

-$0.22

No prior period
Free Cash Flow

$328M

Previous: -$114M+387.7%
Net Income

$328M

Previous: -$114M+387.7%
Operating Income

$702M

Previous: $320M+119.4%
Cash & Equivalents

$2.86B

Previous: $1.94B+47.6%
Total Assets

$44.4B

Previous: $43.8B+1.4%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$3.1B

Q3 2021+13.5%vs Q3 2020
Beat estimate in 6 of 6 quarters(100%)
ActualEstimate

Forward guidance

Liberty Media provided forward-looking statements regarding business strategies, market potential, future financial prospects, distributions to Liberty SiriusXM Group from SiriusXM, the redemption or exchange of the 2.25% Live Nation exchangeable debentures due 2048, Formula 1’s future races, plans regarding stock repurchases, future financial performance, the Battery Atlanta mixed-use development and other matters that are not historical facts.

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 Q3 2021

Historical avgQ3 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
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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