Quarterly report pursuant to Section 13 or 15(d)

Information About Liberty's Operating Segments (Tables)

v3.24.1.u1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2024
Information About Liberty's Operating Segments  
Schedule of revenue disaggregated by source

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​

​

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Three months ended

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March 31,

​

​

    

2024

    

2023

 

​

​

amounts in millions

​

Liberty SiriusXM Group

​

​

​

 

​

​

Sirius XM Holdings:

​

​

​

​

​

​

Subscriber

​

$

1,680

​

1,691

​

Advertising

​

 

402

​

375

​

Equipment

​

​

50

​

46

​

Other

​

​

30

​

32

​

Total Liberty SiriusXM Group

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​

2,162

​

2,144

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Formula One Group

​

​

​

​

​

​

Formula 1:

​

​

​

​

​

​

Primary

​

​

463

​

314

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Other

​

​

90

​

67

​

Corporate and other

​

​

44

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—

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Intergroup elimination

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​

(10)

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—

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Total Formula One Group

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​

587

​

381

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Braves Group

​

 

​

 

​

​

Corporate and other:

​

 

​

 

​

​

Baseball

​

 

NA

 

18

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Mixed-Use Development

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NA

 

13

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Total Braves Group

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​

NA

​

31

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Consolidated Liberty

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$

2,749

​

2,556

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Performance Measures

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Three months ended

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​

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March 31,

​

​

    

2024

    

2023

 

​

​

amounts in millions

​

Liberty SiriusXM Group

​

​

​

​

​

​

Sirius XM Holdings

​

$

635

 

625

​

Live Nation

​

​

NA

​

320

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Corporate and other

​

 

(10)

 

(11)

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Eliminate equity method affiliate

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​

NA

​

(320)

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Total Liberty SiriusXM Group

​

 

625

 

614

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Formula One Group

​

 

​

​

​

​

Formula 1

​

 

208

 

117

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Corporate and other

​

​

(6)

 

(12)

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Total Formula One Group

​

​

202

 

105

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Liberty Live Group

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​

​

​

​

​

Live Nation

​

​

367

​

NA

​

Corporate and other

​

 

(1)

 

NA

​

Eliminate equity method affiliate

​

​

(367)

​

NA

​

Total Liberty Live Group

​

 

(1)

 

NA

​

Braves Group

​

​

​

​

​

​

Corporate and other

​

 

NA

 

(31)

​

Total Braves Group

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NA

 

(31)

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Consolidated Liberty

​

$

826

 

688

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Other Information By Segment

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​

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​

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​

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​

​

​

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March 31, 2024

​

​

    

Total

    

Investments

    

Capital

 

​

​

assets

​

in affiliates

​

expenditures

​

​

​

amounts in millions

​

Liberty SiriusXM Group

​

​

​

​

​

​

​

​

Sirius XM Holdings

​

$

30,737

 

1,642

 

174

​

Corporate and other

​

​

74

​

—

​

—

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Total Liberty SiriusXM Group

​

​

30,811

​

1,642

​

174

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Formula One Group

​

​

​

​

​

​

​

​

Formula 1

​

​

9,077

​

3

​

27

​

Corporate and other

​

 

1,667

 

35

 

—

​

Intergroup elimination

​

​

(139)

​

—

​

—

​

Total Formula One Group

​

​

10,605

​

38

​

27

​

Liberty Live Group

​

​

​

​

​

​

​

​

Live Nation

​

​

20,030

​

513

​

146

​

Corporate and other

​

​

989

​

316

​

—

​

Eliminate equity method affiliate

​

​

(20,030)

​

(513)

​

(146)

​

Total Liberty Live Group

​

​

989

​

316

​

—

​

Consolidated Liberty

​

$

42,405

 

1,996

 

201

​

​

Reconciliation of Adjusted OIBDA to operating income (loss) and earnings (loss)

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Three months ended

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​

​

March 31,

​

​

    

2024

    

2023

 

​

​

amounts in millions

​

Adjusted OIBDA

​

$

826

 

688

​

Impairment, restructuring and acquisition costs (note 8)

​

​

(22)

​

(32)

​

Stock-based compensation

​

 

(61)

 

(56)

​

Depreciation and amortization

​

 

(241)

 

(260)

​

Operating income (loss)

​

​

502

​

340

​

Interest expense

​

 

(191)

 

(196)

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Share of earnings (losses) of affiliates, net

​

 

(19)

 

(10)

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Realized and unrealized gains (losses) on financial instruments, net

​

 

(3)

 

(46)

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Other, net

​

 

27

 

14

​

Earnings (loss) before income taxes

​

$

316

 

102

​

​