- Liberty Media Corporation FWONA LSXMK reported fourth-quarter and year-end 2021 results, with results attributed to Liberty SiriusXM Group, Formula One Group, and Braves Group.
- Liberty SiriusXM Group: Liberty SiriusXM reported fourth-quarter FY21 revenue growth of 4.2% year-on-year to $2.28 billion.
- Liberty SiriusXM 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% as of January 28, 2022. The businesses and assets attributed to Liberty SiriusXM Group consist primarily of Liberty Media's interests in SiriusXM.
- Related: Sirius XM Clocks 8% Revenue Growth In FY21 Backed By Subscriber Addons; Declares Special Cash Dividend.
- Formula One Group reported Q4 revenue growth of 62.3% 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% 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).
- Price Action: FWONA shares closed traded lower by 0.95% at $57.08 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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