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 20 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
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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