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 Thursday detailed its third-quarter financials amid the ongoing coronavirus pandemic.
Liberty Media posted a loss attributable to its stockholders of $114 million, compared with a year-ago profit of $193 million.
Quarterly revenue fell 5 percent to $2.73 billion. Third-quarter revenue rose 1 percent to $2.03 billion at SiriusXM, fell 6 percent at the Formula One Group to $597 million, and dropped from $212 million to $110 million at the Atlanta Braves.
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