Liberty Media Corporation Reports Fourth Quarter and Year End 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 fourth quarter and year end 2021 results. Headlines include (1):\n\n\nAttributed to Liberty SiriusXM Group\n\n\nSiriusXM reported strong full year 2021 results\n\n\nSiriusXM's 2021 revenue reached a record $8.70 billion; an increase of 8% compared to 2020\n\n\nFull-year 2021 net income climbed to $1.31 billion; diluted EPS of $0.32\n\n\nRecord full-year 2021 adjusted EBITDA(2) of $2.77 billion, an increase of 8% year-over-year\n\n\nSiriusXM exceeded all 2021 financial & operating guidance; issued new 2022 guidance on February 1st\n\n\nSiriusXM announced a special dividend of $0.25 per share, returning an additional $1 billion to stockholders\n\n\nEstimated proceeds to Liberty of approximately $770 million, net of distributions to exchangeable bondholders\n\n\n\n\n\n\nLiberty Media’s ownership of SiriusXM was 81.2% as of January 28, 2022\n\n\nFrom November 1, 2021 through January 31, 2022, Liberty repurchased 3.8 million LSXMA/K shares at an average price per share of $49.57 for total cash consideration of $189 million\n\n\nSettled exchanges of the 2.25% Live Nation exchangeable debentures on January 21, 2022 for total consideration of $664 million\n\n\n\n\nAttributed to Formula One Group\n\n\nF1 successfully completed record 22 race calendar in 2021\n\n\nPlanning for a new record 23 race calendar in 2022, beginning in Bahrain on March 20th\n\n\n\n\nAudience figures grew across TV and digital platforms\n\n\nCumulative TV viewers up 4% to 1.55 billion; average TV viewers per race was 70.3 million\n\n\nCumulative viewership in US up 58%\n\n\n\n\nSocial media followers up 40% to 49 million with 1.5 billion aggregate social engagements\n\n\n\n\nAnnounced multiple renewals with race promoter partners, including China, Singapore, Abu Dhabi, Spain, Bahrain and the United States\n\n\nFrom November 1, 2021 through January 31, 2022, Liberty effectively repurchased 2.2 million FWONA/K shares at an average price per share of $58.59\n\n\nRepurchased 472 thousand FWONA shares\n\n\nRepurchased $64 million face value of 1% FWONK cash convertible notes due 2023, effectively retiring 1.7 million underlying FWONK shares\n\n\n\n\n\n\nAttributed to Braves Group\n\n\nCompleted sale of...

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