Attributed to Liberty SiriusXM Group- SiriusXM reported strong second quarter 2016 results
- Net subscriber growth of 8% to more than 30.6 million
- Revenue climbed 10% to $1.2 billion, a record high for any single quarter
- Net income rose 68% to $173 million
- Adjusted EBITDA(2) grew 13% to $468 million
- Liberty Media’s ownership of SiriusXM stood at 64.8% as of July 22nd
- Completed rights offering and raised $203 million in proceeds
- Braves signed six of top 25 international prospects, including top overall prospect Kevin Maitan; amateur draft secured five of top 80 draft picks
- Battery Atlanta announced eight new retail, restaurant and entertainment concepts to be completed by opening day 2017
- Live Nation posted double digit growth in revenue and adjusted operating income across each of its core divisions
“Live Nation also delivered a very strong quarter, and leading indicators across concerts and ticketing sales, sponsorship and advertising are pointing to another record year in 2016. We’re very pleased with the progress of the Braves’ new ballpark and mixed-use facility, which continue to track on-time and on-budget.”
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