John Malone Liberty Media Atlanta Coronavirus Entertainment pandemic reports exclusive John Malone Liberty Media Atlanta

Liberty Media Swings to Second-Quarter Loss Amid Pandemic

Reading now: 469
hollywoodreporter.com

Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, on Monday reported second-quarter financials as the novel coronavirus pandemic delayed events in its sports operations.

Liberty Media posted a loss attributable to its stockholders of $326 million, compared with a year-ago profit of $116 million on a 32 percent revenue drop to $1.91 billion.

Quarterly revenue at SiriusXM fell 5 percent to $1.87 billion, while revenue tumbled 96 percent at the Formula One Group to $24 million and came in at $11 million at the Braves, down 95 percent from the year-ago period.

Read more on hollywoodreporter.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA