Liberty Media Corporation Reports Fourth Quarter and Year End 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 fourth quarter and year end 2022 results. Headlines include (1):\n\n\nOn schedule to complete planned split-off of Atlanta Braves Holdings, Inc. and reclassification of tracking stocks to create Liberty Live Group tracking stock in second quarter 2023\n\n\nAttributed to Liberty SiriusXM Group\n\n\nSiriusXM reported strong full year 2022 results\n\n\n2022 revenue of $9.0 billion; up 4% year-over-year\n\n\nNet income of $1.21 billion in 2022 and diluted EPS of $0.31\n\n\nAdjusted EBITDA(2) reached $2.83 billion\n\n\nSiriusXM achieved financial guidance in 2022; reported full-year self-pay net additions of 348 thousand\n\n\nSiriusXM issued 2023 financial guidance\n\n\n\n\nLiberty Media’s ownership of SiriusXM was 82.4% as of January 31, 2023\n\n\n\n\nAttributed to Formula One Group\n\n\nF1 confirmed record 23 race calendar for 2023, beginning March 5th in Bahrain\n\n\n2022 fan attendance of 5.7 million, up 36% compared to 2019\n\n\nCumulative TV viewers of 1.54 billion in 2022\n\n\nSocial media followers up 23% to 61 million\n\n\nCumulative TV viewership in US up 36%\n\n\n\n\nSecured Qatar Airways as Global Airline Partner under multi-year agreement\n\n\nRefinanced F1 Term Loan B and revolving credit facility and raised new Term Loan A\n\n\nAnnounced global charity partnership with UNICEF focused on providing quality education to children from vulnerable communities\n\n\n\n\nAttributed to Braves Group\n\n\nBattery development generated strong $16 million of operating income and $28 million of net operating income (“NOI”)(2) in 2022\n\n\n\n\n“Formula 1 capped off an incredible 2022, with growing fan enthusiasm and success with commercial partners driving record engagement, revenue and adjusted OIBDA. The Atlanta Braves made smart additions to their roster in the off-season. We expect to complete the planned split-off of the Braves and the creation of the Liberty Live Group tracking stock in the second quarter, which should better highlight the value of their underlying assets and enhance investor choice,” said Greg Maffei, Liberty Media President and CEO. “Despite a challenging automotive and advertising market, SiriusXM delivered its financial guidance in 2022 and re...

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