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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 Table of Contents 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 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K (State or other jurisdiction of incorporation or organization) 12300 Liberty Boulevard 80112 (Zip Code) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 C ...

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 September 30, 2022 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 ...

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, 2022 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 (Stat ...

Liberty SiriusXM Group (NASDAQ:LSXMK) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET Company Participants Courtnee Chun - Chief Portfolio Officer Gregory Maffei - President and CEO Brian Wendling - Chief Accounting Officer and Principal Financial Officer Stefano Domenicali - President and CEO, Formula One Conference Call Participants David Karnovsky - JPMorgan Bryan Kraft - Deutsche Bank Vijay Jayant - Evercore Stephen Laszczyk - Goldman Sachs Barton Crockett - Rosenblatt Securities David Joyce - ...

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, 2022 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 ...

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, 2021 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 juri ...

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 September 30, 2021 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 ...