Here’s How Liberty Media Fared in Q4

By Benzinga
Benzinga
Benzinga
February 26, 2022 Updated: February 26, 2022

Liberty Media Corporation reported fourth-quarter and year-end 2021 results, with results attributed to Liberty SiriusXM Group, Formula One Group, and Braves Group.

Liberty SiriusXM reported fourth-quarter FY21 revenue growth of 4.2 percent year-on-year to $2.28 billion.

The company reported a positive operating income of $450 million versus $(527) million a year back.

Liberty SiriusXM’s adjusted OIBDA was $666 million versus $655 million a year ago.

Liberty Media’s ownership of SiriusXM was 81.2 percent as of Jan. 28, 2022. The businesses and assets attributed to Liberty SiriusXM Group consist primarily of Liberty Media’s interests in SiriusXM.

Formula One Group reported Q4 revenue growth of 62.3 percent Y/Y to $787 million.

The group reported an operating income of $62 million and an adjusted OIBDA of $168 million.

Braves Group reported Q4 revenue growth of 191.4 percent Y/Y to $102 million. The adjusted OIBDA was $18 million.

Total consolidated cash and equivalents totaled $2.81 billion (Sirius XM’s $598 million, Formula One’s $2.07 billion, and Braves’ $142 million).

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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