- Liberty Media (LMCA) has moved up 0.7% after Q2 earnings where revenues beat again on solid results from its businesses.
- Once again, results were dominated by those of Sirius XM, and Liberty increased its holdings yet again, to a 64.8% stake as of July 22. That broadcaster reported solid earnings and subscriber gains last week.
- In the Liberty Sirius XM Group (LSXMA +1%), revenue had grown 10% to a record $1.2B, net income was up 68% to $173M and subscribers grew 8% to more than 30.6M.
- Liberty Braves Group (BATRA +0.1%) revenue rose $28M to $131M and operating income was up $3M to -$3M, mainly due to increased ticket sales and broadcast revenue in a quarter heavy with home games (44 vs. a year-ago 35)
- Live Nation hit double-digit growth in revenue and adjusted operating income.
- Press Release