UPDATE: Liberty SiriusXM Corporation (LSXMA) Reports Q4 Revenues Above Consensus

Liberty SiriusXM Corporation (NASDAQ: LSXMA) reported Q4 revenue for the quarter came in at $1.496 billion versus the consensus estimate of $1.47 billion.

• Attributed to Liberty SiriusXM Group
  • SiriusXM reported strong full year 2018 results
    • Self-pay net subscriber additions of 1.4 million in 2018; total subscribers top 34 million
    • Record 2018 revenue of $5.8 billion
    • Full-year net income grew 81% to $1.2 billion; diluted EPS climbed 88% to $0.26
    • Adjusted EBITDA(2) climbed 6% to $2.2 billion
    • SiriusXM confirmed guidance for 2019
    • Completed transaction with Pandora on February 1st
  • Liberty Media’s ownership of SiriusXM stood at 67% pro forma for Pandora transaction
  • From November 1st through January 31st, repurchased 4.2 million LSXMK shares at an average price per share of $38.12 and total cash consideration of $159 million
• Attributed to Formula One Group
  • 2018 season audience figures increased across TV and digital platforms for second year in a row
    • TV viewers across all F1 programming up 10% to 490 million
    • Fastest growing major sports brand on social media for second straight year, with social media followers up 54% to 18.5 million
  • Aggregate attendance at races grew 8% to 4.1 million in 2018
    • Average attendance per race weekend increased 2.7% to approximately 195,000
  • 2019 F1 season begins March 17th in Melbourne; 21 Grand Prix events in 2019 season
• Attributed to Braves Group
  • Baseball revenue grew 9% to $404 million in 2018
  • Regular season attendance increased to 2.6 million in 2018, representing highest attendance in 11 years

“SiriusXM finished strong, hit financial milestones and ended the year with 34 million subscribers. The transaction with Pandora closed on February 1st and we are excited for the innovative audio entertainment offerings to come,” said Greg Maffei, Liberty Media President and CEO. “F1 concluded an exciting 2018 season and increased fans at the races, TV viewership and social media engagement. The Braves posted strong financial results in their second year at SunTrust Park and the Battery Atlanta, and we look forward to the start of the season on March 28th.”

For earnings history and earnings-related data on Liberty Media Corporation (LSXMA) click here.

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