The company, led by CEO Greg Maffei and chairman John Malone, reports its latest results.
Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, reported improved second-quarter financials on Friday.
Quarterly revenue at the Atlanta Braves multiplied from $11 million to $216 million, while the Formula One Group’s revenue multiplied from $24 million to $501 million, the company disclosed in itsreport. SiriusXM, the home of Howard Stern, posted a 15 percent increase in second-quarter revenue to $2.16 billion.
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 ended June 30, compared to Said Maffei: “SiriusXM executed well, produced outstanding results and recently increased their 2021 guidance.
streaming giant Amazon would drive an accelerated push by Big Tech platforms for more sports rights worldwide. “I suspect they’re only going to get more serious over time and they won’t be the only ones,” he argued.
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