Highlights include:
Attributed to Liberty SiriusXM Group
- SiriusXM reported very strong 2Q 2019 financial results
- Revenue increased to $2.0 billion; pro forma growth of 9%
- Net income of $263 million; diluted EPS of $0.06
- Adjusted EBITDA(2) climbed 22% to record $618 million
- $898 million of common stock repurchased in the second quarter; total capital returns of nearly $1.9 billion to date in 2019
- SiriusXM increased 2019 revenue and adjusted EBITDA guidance
- Liberty Media’s ownership of SiriusXM stood at 71.1% as of July 26th
- From May 1st through July 31st, Liberty repurchased 2.2 million LSXMK shares at an average price per share of $38.18 and total cash consideration of $85 million
Attributed to Formula One Group
- Announced return of Dutch Grand Prix beginning in 2020 and renewal of British and Australian races
- Kicked off 2019 Formula 1 New Balance Esports Series with record breaking 109,000 participants; Pro Draft completed by all ten teams on July 17th
- Announced Season 2 of Netflix docuseries “Formula 1: Drive to Survive” which will air in 2020 and feature all ten F1 teams
- Team performance continues to be strong, with 68-48 record as of August 7th
- SunTrust Park will host 2021 MLB All-Star Game
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