NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Liberty Media reported third quarter results

Liberty Media reported strong third quarter results, with SiriusXM driving adjusted EBITDA growth and Formula 1 experiencing sell-out crowds and record race attendance.

  • SiriusXM reported a 47% year-over-year increase in net income.
  • Formula 1 announced a multi-year regional partnership with American Express.
  • Formula 1 continues to experience sell-out crowds and record race attendance.
  • Liberty made a proposal for a combination of Liberty SiriusXM and Sirius in September.

Headline financials

Total Revenue

$3.21B

Previous: $3.25B-1.2%
EPS (adj)

$0.39

Previous: $0.31+25.8%
Capital Expenditures

-$128M

No prior period
Free Cash Flow

$385M

Previous: $391M-1.5%
Net Income

$385M

Previous: $391M-1.5%
Operating Income

$629M

Previous: $506M+24.3%
Gross Profit

$186M

No prior period
Cash & Equivalents

$2.11B

Previous: $2.54B-16.9%
Total Assets

$41.5B

Previous: $43.2B-4.0%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$3.21B

Q3 2023-1.2%vs Q3 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Liberty Media provided no forward guidance in the earnings report.

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 2023

Historical avgQ3 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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