Liberty Media Corporation Reports First Quarter 2021 Financial Results

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[{"type":"text","content":" ENGLEWOOD, Colo.--(BUSINESS WIRE)--\nLiberty Media Corporation (\"Liberty Media\" or “Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today reported first quarter 2021 results. Headlines include(1):\n\n\nAttributed to Liberty SiriusXM Group\n\n\nSiriusXM reported first quarter 2021 financial results\n\n\nFirst quarter revenue of $2.06 billion; an increase of 5% from prior year period\n\n\nFirst quarter net income of $219 million; diluted EPS of $0.05, or $0.07, excluding one-time items\n\n\nAdjusted EBITDA(2) of $682 million in the first quarter, up 7% from prior year period\n\n\nSiriusXM self-pay net subscriber additions of 126,000, an increase of 83% year-over-year\n\n\nSiriusXM reiterated 2021 financial and subscriber guidance\n\n\n\n\nLiberty Media’s ownership of SiriusXM stood at 77.3% as of April 26th\n\n\nFrom February 1st through April 30th, Liberty repurchased 2.6 million LSXMA/K shares at an average price per share of $44.70 for total cash consideration of $114 million\n\n\n\n\nAttributed to Formula One Group\n\n\nAnnounced 10-year agreement to host Miami Grand Prix beginning 2022\n\n\nSecured three-year extension for Japanese Grand Prix and two-year extension for Canada Grand Prix\n\n\nFIA, F1 and teams unanimously approved adoption of new Sprint Qualifying at three Grands Prix during 2021 season\n\n\nRenewed multi-year global partnership with DHL as Official Logistics Partner of F1\n\n\n\n\nAttributed to Braves Group\n\n\nBraves expanded capacity at Truist Park to 100% beginning May 7th\n\n\n\n\nLiberty Media published disclosure aligned with Sustainability Accounting Standards Board (“SASB”) standards\n\n\n“SiriusXM started the year off strong with growing trial starts and impressively low churn. They continued to repurchase stock and Liberty’s ownership is now over 77%,” said Greg Maffei, Liberty President and CEO. “Formula 1 continues to be nimble in managing its 23-race calendar and has produced some phenomenal racing. The Braves plan to expand to 100% capacity at Truist Park today and are contending in the competitive NL East.”\n\nDiscussion of Results\n\nUnless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2021 to the same period in 2020.\n\nLIBERTY SIRIUSXM GROUP – The following table provides the financial results attributed ...

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