Liberty Media Corporation (LSXMA) Q1 Revenue Tops Views

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Liberty Media Corporation Reports First Quarter 2018 Financial Results

May 9, 2018 8:15 AM EDT

ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Media Corporation ("Liberty Media" or Liberty) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, BATRA, BATRK) today reported first quarter 2018 results. Highlights include(1):

Attributed to Liberty SiriusXM Group SiriusXM reported strong first quarter 2018 results Total subscribers surpassed 33 million for first time First quarter revenue climbed 6% to $1.4 billion Total net subscriber additions of 330,000 in the quarter Net income grew 40% to $289 million; adjusted EBITDA(2) grew 6% to $532 million Operating cash flow climbed 34% to $415 million; free cash flow(2) climbed 31% to $326 million... More