Liberty Media Corporation Reports First Quarter 2022 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 2022 results. Headlines include(1):\n\n\nAttributed to Liberty SiriusXM Group\n\n\nSiriusXM reported first quarter 2022 financial results\n\n\nRevenue in first quarter 2022 of $2.19 billion; increase of 6% year-over-year\n\n\nFirst quarter 2022 net income climbed to $309 million; diluted EPS of $0.08\n\n\nAdjusted EBITDA(2) of $690 million, increase of 1% year-over-year\n\n\nYear-to-date capital returns to SiriusXM stockholders of $1.3 billion\n\n\nSiriusXM reiterated full-year subscriber and financial guidance on April 28th\n\n\n\n\nLiberty Media’s ownership of SiriusXM was 81.4% as of April 26th\n\n\nFrom February 1st through April 30th, Liberty repurchased 3.9 million LSXMA/K shares at an average price per share of $47.06 for total cash consideration of $182 million\n\n\n\n\nAttributed to Formula One Group\n\n\nAnnounced Las Vegas Grand Prix beginning 2023\n\n\nF1 and Liberty Media will act as promoter for race\n\n\n\n\nAnnounced multiple new sponsorship agreements, including Salesforce, MSC Cruises and Lenovo\n\n\nSecured race promotion contract with Imola until 2025\n\n\nExtended broadcast partnerships with Foxtel Group in Australia and Canal+ in France\n\n\nFrom February 1st through April 30th, Liberty repurchased 348 thousand FWONA shares at an average price per share of $56.14 for total cash consideration of $20 million\n\n\n\n\nAttributed to Braves Group\n\n\nCompleted sale of minor league teams in January 2022, with teams remaining affiliates of the Braves for future player development\n\n\nAnnounced planned construction of new office building for relocated national headquarters of Truist Securities under 15-year lease\n\n\n\n\nAuthorized committee of Liberty Media’s Board of Directors increased remaining repurchase authorization by $1 billion on May 4th\n\n\n“SiriusXM produced robust financial results while navigating well through challenging macroeconomic conditions and supply chain issues. Live Nation continues to experience record-breaking demand which it is matching with compelling live experiences. The powerful allure of Formula 1 continues, and we were excited to announce that the Las Vegas Grand Prix will join the calendar in Nove...

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