Financial Position - As of June 30, 2024, the Liberty SiriusXM Group had cash and cash equivalents of approximately $188 million, including about $100 million of subsidiary cash[170]. - The Formula One Group had cash and cash equivalents of approximately $1,491 million, which included $1,303 million of subsidiary cash[172]. - Liberty had cash and cash equivalents of $188 million for the Liberty SiriusXM Group and $1,491 million for the Formula One Group as of June 30, 2024[200]. - Liberty's cash provided by operating activities for the six months ended June 30, 2024, was $753 million, a decrease from $854 million in the prior year[202]. - Liberty expects to fund its projected uses of cash with cash on hand, borrowing capacity, and dividends from operating subsidiaries[204]. - Liberty's primary uses of cash during the six months ended June 30, 2024, included $205 million for acquisitions and $103 million for debt repayments[202]. Revenue Performance - Consolidated revenue decreased by $78 million for the three months ended June 30, 2024, compared to the same period in the prior year, primarily due to a decrease in Braves Holdings revenue and Sirius XM Holdings revenue[178]. - Consolidated revenue increased by $115 million for the six months ended June 30, 2024, driven by increases in Formula 1 revenue and revenue from QuintEvents, which was acquired in January 2024[178]. - Total revenue for Sirius XM Holdings decreased to $4.340 billion for the six months ended June 30, 2024, compared to $4.394 billion in the prior year[215]. - SiriusXM subscriber revenue decreased by 5% and 3% for the three and six months ended June 30, 2024, respectively, primarily due to a reduction in self-pay revenue[215]. - Pandora and Off-platform subscriber revenue increased by 7% and 5% during the three and six months ended June 30, 2024, respectively, driven by rate increases on subscription plans[219]. - SiriusXM advertising revenue decreased by 2% for both the three and six months ended June 30, 2024, primarily due to lower revenue from entertainment channels[216]. - Primary Formula 1 revenue increased by $121 million and $270 million during the three and six months ended June 30, 2024, respectively, driven by the calendar variance with more events[233]. - Total Formula 1 revenue reached $871 million for the three months and $1,424 million for the six months ended June 30, 2024, compared to $724 million and $1,105 million in the prior year[233]. Operating Income and Expenses - Consolidated operating income increased by $5 million for the three months ended June 30, 2024, primarily due to increases in Sirius XM Holdings and Formula 1 operating results[179]. - Consolidated operating income increased by $167 million for the six months ended June 30, 2024, primarily driven by increases in Formula 1 and Sirius XM Holdings operating results[179]. - Adjusted OIBDA decreased by $34 million for the three months ended June 30, 2024, primarily due to the Split-Off of Braves Holdings and a decrease in Sirius XM Holdings Adjusted OIBDA[185]. - Adjusted OIBDA increased by $104 million for the six months ended June 30, 2024, primarily driven by increases in Formula 1 and QuintEvents Adjusted OIBDA[185]. - Stock-based compensation expense was $116 million for the six months ended June 30, 2024, compared to $110 million for the same period in 2023[181]. - Other costs increased by $35 million and $64 million for the three and six months ended June 30, 2024, respectively, primarily due to higher commissions and partner servicing costs associated with increased Formula 1 revenue streams[239]. - Selling, general and administrative expenses rose by $16 million and $17 million during the three and six months ended June 30, 2024, respectively, mainly due to higher personnel and information technology costs[239]. - Customer service and billing costs decreased by 12% and 9% for the three and six months ended June 30, 2024, respectively, driven by lower call center costs and transaction fees[221]. - Other operating expenses decreased by 17% and 4% for the three and six months ended June 30, 2024, respectively, driven by higher capitalized personnel-related costs[227]. Earnings and Taxation - Net earnings were $507 million and $752 million for the three and six months ended June 30, 2024, respectively, compared to $303 million and $355 million for the same periods in 2023[197]. - Income tax expense for the three and six months ended June 30, 2024, was $116 million and $187 million, respectively, compared to $64 million and $114 million in the prior year[196]. - The company recognized tax expense less than the expected federal rate of 21% primarily due to certain gains that are not taxable and tax credits from clean energy investments[196]. Strategic Transactions - The Company completed the split-off of Atlanta Braves Holdings on July 18, 2023, exchanging each outstanding share of Liberty Braves common stock for one share of Atlanta Braves Holdings common stock[165]. - On August 3, 2023, the Company reclassified its outstanding shares into three new tracking stocks: Liberty SiriusXM common stock, Liberty Formula One common stock, and Liberty Live common stock[166]. - The anticipated completion date for the proposed Transactions, including the Liberty Sirius XM Holdings Split-Off and the Merger, is September 9, 2024[174]. - The Liberty Sirius XM Holdings Split-Off is intended to be tax-free to holders of Liberty SiriusXM common stock, except for cash received in lieu of fractional shares[168]. - The Split-Off of Braves Holdings did not represent a strategic shift that had a major effect on the Company's operations and financial results[175]. Market and Operational Risks - The Company faces operational risks from subsidiaries and business affiliates with operations outside of the U.S.[158]. - The company is exposed to market risk from adverse changes in stock prices and interest rates, with ongoing monitoring of stock market changes and specific holdings[241]. - As of June 30, 2024, the company’s fixed rate debt amounted to $9.91 billion with a weighted average interest rate of 4.2%[242]. - The company’s variable rate debt totaled $945 million with a weighted average interest rate of 7.3%[242]. - The market price of Live Nation stock, a publicly traded security, could result in a $653 million decrease in value if it were 10% lower at June 30, 2024[244]. Subscriber Metrics - As of June 30, 2024, SiriusXM had approximately 33.3 million subscribers, while Pandora had approximately 45.1 million monthly active users and 6.0 million subscribers[209][210].

Exhibit 99.1 LIBERTY MEDIA CORPORATION REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Englewood, Colorado, May 8, 2024- Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today reported first quarter 2024 results. Headlines include (1): 1 ● Attributed to Liberty SiriusXM Group o SiriusXM reported first quarter 2024 operating and financial results ◾ First quarter 2024 revenue of $2.16 billion; up 1% year-over-year ◾ Ad revenue up 7% year-over-year ...

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, 2024 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 ...

The first two projects of this collaboration will focus on improving the current pit wall system, a key source of information for racing teams, and enriching the fan experience mobile application used at each race The digital consultant and software development provider becomes an Official Partner of Formula 1 in a multi-year deal MIAMI, May 2, 2024 /PRNewswire/ -- Globant and Formula 1 have today announced a multi-year partnership until 2026 to elevate the digital experiences for both F1 teams and fans. A ...

Berkshire Hathaway (NYSE: BRK.A), the investment firm founded and headed by Warren Buffett, recently acquired 4.3 million shares of Liberty Sirius XM (NASDAQ: LSXMA) for approximately $116.58 million, as revealed in filings with the U.S. Securities and Exchange Commission (SEC). Buffett made this move in anticipation of a combination of two stocks.Purchase of LSXMA stock by Berkshire Hathway. Source: SEC Namely, LSXMA is tracking stock, which is a type of equity issued by a parent company to monitor the per ...

Berkshire Hathaway is pouring hundreds of millions into this unique stock every month.Warren Buffett has been hard-pressed to find a great stock to buy in today's market. That's evidenced by the $168 billion in cash and treasuries that sat on Berkshire Hathaway's (BRK.A -1.39%) (BRK.B -1.07%) balance sheet at the end of 2023. But one stock has caught his and fellow investment managers Ted Weschler and Todd Combs' eyes recently.These Berkshire fund managers have invested approximately $2.8 billion into the c ...

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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ 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 | Title of each class | Trading Symbol | Name of each exchange on which registered | | --- | --- | --- | | Series A Liberty SiriusXM Common Stock | LSXM ...

Financial Position - As of September 30, 2023, the Liberty SiriusXM Group had cash and cash equivalents of approximately $327 million, including approximately $53 million of subsidiary cash[227]. - The Formula One Group had cash and cash equivalents of approximately $1,470 million, which included $947 million of subsidiary cash[230]. - As of September 30, 2023, Liberty had cash and cash equivalents totaling $1,470 million in the Formula One Group, $327 million in the Liberty SiriusXM Group, and $315 million in the Liberty Live Group[265]. - As of September 30, 2023, Liberty had $1,075 million available under margin loans secured by shares of Sirius XM Holdings[265]. - The company expects to fund projected uses of cash through cash on hand, borrowing capacity under margin loans, and dividends from operating subsidiaries[271]. - As of September 30, 2023, Liberty and its subsidiaries were in compliance with their debt covenants[267]. Revenue Performance - Consolidated revenue decreased by $40 million (1.8%) to $3,207 million for the three months ended September 30, 2023, and decreased by $67 million (0.7%) to $9,007 million for the nine months ended September 30, 2023 compared to the prior year[241]. - Formula 1 revenue increased by $172 million (24.1%) to $887 million for the three months ended September 30, 2023, and increased by $173 million (9.5%) to $1,992 million for the nine months ended September 30, 2023 compared to the prior year[241]. - SiriusXM total revenue for the three months ended September 30, 2023, was $2,271 million, a decrease of 0.4% compared to $2,280 million in the same period of 2022[288]. - SiriusXM subscriber revenue decreased less than 1% to $1,597 million for the three months ended September 30, 2023, primarily due to lower paid promotional revenue[288]. - Advertising revenue for SiriusXM decreased approximately 16% to $41 million for the three months ended September 30, 2023, driven by a decline in the number of spots sold[289]. - Equipment revenue decreased approximately 2% to $49 million for the three months ended September 30, 2023, due to lower royalty rates[290]. - Other revenue decreased 13% to $34 million for the three months ended September 30, 2023, primarily due to lower royalty revenue from Sirius XM Canada[291]. - Total Formula 1 revenue for the three months ended September 30, 2023, was $887 million, an increase of 24% compared to $715 million in the same period of 2022[308]. Operating Income and Expenses - Operating income increased by $123 million (28.8%) to $629 million for the three months ended September 30, 2023, but decreased by $33 million (2.2%) to $1,492 million for the nine months ended September 30, 2023 compared to the prior year[243]. - Sirius XM Holdings operating income increased by $106 million (23.9%) to $550 million for the three months ended September 30, 2023, but decreased by $15 million (1.1%) to $1,401 million for the nine months ended September 30, 2023 compared to the prior year[243]. - Selling, general and administrative expenses decreased 14% to $331 million for the three months ended September 30, 2023, primarily due to lower streaming marketing expenditures[300]. - Other operating expenses increased approximately 3% to $61 million for the three months ended September 30, 2023, driven by higher cloud hosting costs[301]. - Selling, general and administrative expenses rose by $6 million (12%) during the three months ended September 30, 2023, compared to the same period in 2022, mainly due to higher personnel and marketing costs[316]. Earnings and Adjusted OIBDA - For the three months ended September 30, 2023, net earnings were $443 million, compared to $434 million for the same period in 2022, reflecting a year-over-year increase of 2.1%[260]. - For the nine months ended September 30, 2023, net earnings were $798 million, down from $1,404 million in the prior year, indicating a decrease of 43%[260]. - Adjusted OIBDA increased by $23 million (2.5%) to $932 million for the three months ended September 30, 2023, but decreased by $66 million (2.6%) to $2,497 million for the nine months ended September 30, 2023 compared to the prior year[247]. - Adjusted OIBDA for SiriusXM was $748 million for the three months ended September 30, 2023, an increase from $722 million in the same period of 2022[288]. - Adjusted OIBDA for the three months ended September 30, 2023, was $215 million, a 26% increase from $170 million in the same period of 2022[308]. Cash Flow and Investments - Cash provided by operating activities for Liberty SiriusXM Group was $1,298 million for the nine months ended September 30, 2023, slightly down from $1,304 million in the prior year[268]. - Formula 1's cash provided by operating activities increased to $554 million for the nine months ended September 30, 2023, compared to $416 million in the same period of 2022, marking a growth of 33%[268]. - Liberty's primary uses of cash during the nine months ended September 30, 2023, included $419 million for net debt repayments and $239 million for capital expenditures[268]. - Sirius XM Holdings declared quarterly dividends totaling $281 million during the nine months ended September 30, 2023, of which Liberty received $233 million[269]. - The total unrecognized compensation cost related to unvested Sirius XM Holdings stock options and restricted stock units was $479 million as of September 30, 2023, to be recognized over approximately 2.7 years[245]. Risks and Compliance - The operational risks of subsidiaries and business affiliates with operations outside of the U.S. could impact overall performance[211]. - The company is exposed to interest rate risk with variable rate debt of $341 million at a weighted average interest rate of 7.9% as of September 30, 2023[320]. - Share of earnings from affiliates decreased by $59 million (56.7%) to $45 million for the three months ended September 30, 2023, and decreased by $22 million (15.7%) to $117 million for the nine months ended September 30, 2023 compared to the prior year[252].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 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 (Exact name of Registrant as specified in its charter) State of Delaware 37-1699499 (State or other jurisdiction of FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...