Liberty SiriusXM, Liberty Formula One Help Liberty Media Clock 51% Revenue Growth

Liberty Media reported second-quarter FY21 consolidated revenue growth of 50.7% year-on-year to $2.88 billion.
Liberty SiriusXM Group revenue increased 15% Y/Y to $2.16 billion. SiriusXM self-pay net subscriber additions grew 34% Y/Y to 355,000.
Liberty SiriusXM Group LSXMA owned 78% of Sirius XM Holdings Inc SIRI as of Jul. 23.
Liberty Formula One Group's FWONA revenue was $501 million, up from $24 million a year ago.
Baseball helped Braves Group generate $216 million in revenue, up from $11 million a year ago.
Liberty Media's operating income improved 190.7% Y/Y to $622 million. Liberty SiriusXM's operating income grew 66% Y/Y to $634 million.
Liberty Media's adjusted OIBDA improved 48.1% Y/Y to $813 million. Liberty SiriusXM's adjusted OIBDA improved 16% Y/Y to $697 million.
Liberty Media posted positive net earnings of $417 million. Liberty SiriusXM's net earnings were $337 million.
Liberty Media held $4 billion in cash and equivalents, including Liberty Sirius XM's $1.55 billion and Formula One's $2.23 billion.
Liberty Media generated $1.2 billion in operating cash flow, including $875 million from Liberty SiriusXM and $312 million from Formula One.
SiriusXM produced outstanding results and recently increased its 2021 guidance, Liberty Media CEO Greg Maffei stated.
Formula One is on track for its fans, teams, partners, and investors and has done an impressive job steering through the 2021 calendar.
The Braves are competitive on the field and lead MLB in total attendance, with over 1.5 million fans returning to Truist Park so far this season.

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