Liberty(FWONA)
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Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.75% Exchangeable Senior Debentures Due 2049
Businesswire· 2024-03-01 21:15
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of February 15, 2024 of its 2.75% Exchangeable Senior Debentures due 2049 (the “Debentures”). The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distrib ...
Formula One Group: FWONK stock near ATH as new season starts
Invezz· 2024-03-01 10:02
Formula One Group (FWONK) stock is nearing its all-time high as the new season starts in Bahrain this week. It jumped by over 4% on Thursday as it closed at $72.76, the highest point since August 27th. It is now approaching its all-time high of $78.67.Formula 1 new season startsCopy link to sectionThe biggest event this weekend will be the start of the 2024 season of Formula One event in Bahrain. This event will be watched closely by millions of viewers around the world who will mostly focus on its competit ...
Liberty(FWONA) - 2023 Q4 - Annual Results
2024-02-27 16:00
Exhibit 99.1 LIBERTY MEDIA CORPORATION REPORTS FOURTH QUARTER AND YEAR END 2023 FINANCIAL RESULTS Englewood, Colorado, February 28, 2024 - Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today reported fourth quarter and year end 2023 results. Headlines include (1): ● Attributed to Liberty SiriusXM Group o SiriusXM reported fourth quarter and full year 2023 operating and financial results ◾ 2023 full year revenue of $8.95 billion ◾ Full year ...
Liberty(FWONA) - 2023 Q4 - Annual Report
2024-02-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35707 LIBERTY MEDIA CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdiction o ...
Is Liberty Media Corporation - Liberty Formula One Series A (FWONA) Outperforming Other Consumer Discretionary Stocks This Year?
Zacks Investment Research· 2024-02-27 15:46
For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Liberty Media Corporation - Liberty Formula One Series A (FWONA) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Li ...
Liberty Media Corporation Completes Acquisition of Quint
Businesswire· 2024-01-03 21:15
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today that it has completed the acquisition of QuintEvents, LLC (“Quint”), an industry-leading provider of premium experiences at the world's most prominent sports and entertainment events. Quint is attributed to Liberty Media’s Formula One Group tracking stock. “Quint is a great addition to Liberty Media, extending our reach in premium experiences and capital ...
Liberty(FWONA) - 2023 Q3 - Quarterly Report
2023-11-02 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 (I.R.S. Employer Identification No.) 12300 Liberty Boulevard Englewood, Colorado 80112 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35707 LIBERTY MEDIA CORPORATI ...
Liberty(FWONA) - 2023 Q2 - Quarterly Report
2023-08-03 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35707 LIBERTY MEDIA CORPORATION State of Delaware 37-1699499 (State or other jurisdiction of incorporation or organizatio ...
Liberty(FWONA) - 2023 Q1 - Earnings Call Transcript
2023-05-05 18:29
Financial Data and Key Metrics Changes - The company reported a strong free cash flow due to Wave 1 and Wave 2 sales, although it may have overstated the true impact of the operating business for Q1 [1] - Liberty SiriusXM Group had attributed cash and liquid investments of approximately $377 million at quarter end, excluding $53 million of cash held directly at SiriusXM [37] - Total Liberty SiriusXM Group attributed principal amount of debt is $13 billion, which includes $9.6 billion directly at the Sirius level [38] Business Line Data and Key Metrics Changes - Live Nation experienced a tremendous quarter with ticketing GTV up 60% and AOi up 53% to $320 million, converting 59% of that AOi into $190 million of free cash flow [33] - Formula One's primary revenue grew with increases across race promotion, media rights, and sponsorship, while other F1 revenue decreased primarily due to easing freight cost inflation [64] - The Braves Group had attributed cash and liquid investments of $215 million at quarter end, excluding $30 million of restricted cash [66] Market Data and Key Metrics Changes - Global audiences for Formula One exceeded 70 million viewers for the first two races of the season, with significant increases in key markets across Europe and North America [45] - The Saudi Arabian Grand Prix broke 1.52 million viewers, marking ESPN's most viewed Grand Prix on record [58] - The Australian Grand Prix welcomed 445,000 fans, up from 420,000 the prior year, marking a new record for the century [46] Company Strategy and Development Direction - The company is focused on capital allocation and is looking for attractive opportunities for cash generation, including the Vegas effort which is expected to generate good returns [118] - Formula One is engaging with fans across platforms and is expanding its sponsorship portfolio, with new partnerships and extensions announced [47][96] - The company aims to enhance the quality of promoters and create unique events that are commercially viable [86] Management's Comments on Operating Environment and Future Outlook - Management sees strong demand in the business despite recession scenarios and expects continued growth with upcoming tours [4] - The company is optimistic about the future of sustainable fuels in motorsport, aligning with EU regulations [49] - Management expressed confidence in the operational improvements and expected positive self-pay net ads in the latter half of the year [56] Other Important Information - The new sprint format in Formula One was unanimously approved by teams and is expected to increase intensity and action across weekends [141] - The company is progressing with the construction of the Paddock Building for the Las Vegas Grand Prix, which is over 60% complete [35] - The F1 Academy was introduced to increase opportunities for female participation in motorsports [142] Q&A Session All Questions and Answers Question: Update on capital allocation at Formula One - Management indicated that the recent term loan trigger provides more flexibility for capital allocation and potential leverage adjustments [7] Question: Comments on the Concorde Agreement renegotiation timing - Management stated that they plan to make a decision on the Concorde Agreement by the end of the year, emphasizing the growth of Formula One [20] Question: Insights on the potential addition of new teams in Formula One - Management noted that there is a process in place to assess interest from potential new teams, with analysis expected to be completed by mid-May [10]
Liberty(FWONA) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35707 LIBERTY MEDIA CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 37-1699499 (Sta ...