NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Liberty Media reported third quarter results, highlighting the completion of the Liberty SiriusXM merger, refinancing of F1 debt facilities, secured funding for MotoGP acquisition, and Formula 1's commercial progress.

Liberty Media Corporation reported third quarter 2024 results, featuring the completion of the Liberty SiriusXM merger, refinancing of F1 debt, securing funding for MotoGP, and progress in Formula 1's commercial activities, including new sponsorship and licensing agreements.

  • Completed the combination of Liberty SiriusXM Group and SiriusXM on September 9th.
  • Refinanced F1 debt facilities, extending maturities and reducing margin on Term Loan B from 2.25% to 2.00%.
  • Secured all funding for MotoGP transaction and on track to close by year-end 2024.
  • F1 announced several new and expanded sponsorship agreements, including LVMH and Lenovo as Global Partners.

Headline financials

Total Revenue

$911M

Previous: $3.21B-71.6%
EPS (adj)

$0.48

Previous: $0.39+23.1%
F1 Races in Period

7

No prior period
Consolidated Adjusted OIBDA

$207M

No prior period
F1 Adjusted OIBDA

$221M

No prior period
MotoGP Adjusted OIBDA

$73M

No prior period
Capital Expenditures

-$12M

Previous: -$128M+90.6%
Free Cash Flow

-$2.37B

Previous: $385M-715.1%
Net Income

-$2.37B

Previous: $385M-715.1%
Operating Income

$107M

Previous: $629M-83.0%
Gross Profit

$228M

Previous: $186M+22.6%
Cash & Equivalents

$3.05B

Previous: $2.11B+44.6%
Total Assets

$13.2B

Previous: $41.5B-68.2%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$911M

Q3 2024-71.6%vs Q3 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Liberty Media anticipates continued growth and progress across its operating businesses, particularly within Formula 1 and Live Nation, with strategic acquisitions and partnerships expected to drive future performance.

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 2024

Historical avgQ3 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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