Liberty Media, which houses assets like audio entertainment giant SiriusXM, the Atlanta Braves and Formula One racing, reported improved Q2 financials
In terms of operating income, SiriusXM posted a 66 percent gain to $634 million and the Braves swung from a $33 million loss to a $31 million profit. Formula One’s operating loss narrowed from $136 million to $43 million., saw its total operating income hit $622 million for the three months ending June 30, compared with $214 million in the year-ago period. Revenue rose from $1.91 billion to $2.88 billion.
Said Maffei: “SiriusXM executed well, produced outstanding results and recently increased their 2021 guidance. They continue to repurchase stock, and Liberty’s ownership is now over 78 percent. He added: “Formula 1 is delivering across the board — on the track, for our fans, teams, partners and investors — and has done an impressive job steering through the 2021 calendar. The Braves are competitive on the field and lead MLB in total attendance, with over 1.
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