The media conglomerate is controlled by billionaire John Malone, considered a pioneer of the cable industry. In addition to SiriusXM, it owns the Atlanta Braves.
As of April 24, Liberty has a 57.8% stake in SiriusXM. The satellite-radio provider reported earlier that it had 27.7 million total subscribers at the end of the period, up from 25.8 million a year ago, as it boosted its revenue guidance for the year.
Overall, Liberty Media reported a loss of $19 million, compared to a year-earlier profit of $22 million.
Revenue rose to $1.08 billion from $1.01 billion a year earlier.
Analysts surveyed by Thomson Reuters expected revenue of $1.1 billion.
No comments:
Post a Comment