Liberty Media Corporation (LSXMA) Reports Q3 Revenues Beat

Liberty Media Corporation (NASDAQ: LSXMA) reported Q3 EPS of $0.05, $0.49 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $2.01 billion versus the consensus estimate of $1.96 billion.

Attributed to Liberty SiriusXM Group

• SiriusXM reported very strong third quarter 2019 financial results
  • Third quarter revenue increased to $2.0 billion; pro forma growth of 7%
  • Net income of $246 million; diluted EPS of $0.05
  • Adjusted EBITDA(2) hit record $657 million, up 12%
  • SiriusXM repurchased $464 million of common stock in the third quarter
  • SiriusXM increased 2019 revenue, adjusted EBITDA and free cash flow guidance

“SiriusXM continues to deliver and posted another record breaking quarter. The company has made great progress in monetization at Pandora, reaching an all-time high for ad revenue in the quarter,” said Greg Maffei, Liberty Media President and CEO. “Formula 1 continues to show great momentum and is on track to hit 2019 targets, benefitting from foundation building over the last two years, and the Braves secured their second straight NL East division title.”

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

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