The Liberty SiriusXM Group Company profile
About Liberty Sirius XM Group
Liberty Media Corporation is a global media and entertainment company. The Company's segments include Sirius XM Holdings and Formula 1. Sirius XM Holdings operates two audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic and weather channels as well as infotainment services, in the United States on a subscription basis through its two satellite radio systems and through the Internet through applications for mobile devices, home devices and other consumer electronic equipment. Sirius XM also provides connected vehicle services and a suite of in-vehicle data services. The Pandora business operates a music, comedy and podcast streaming discovery platform. Formula 1 is a motorsports business that holds commercial rights with respect to the World Championship, an annual motor race-based competition.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Liberty Sirius XM Group revenues increased 8% to $8.7B. Net income totaled $599M vs. loss of $747M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Realized & Unrealized G/L on Financial decrease of 17% to $433M (expense), Subscriber Acquisition Costs decrease of 10% to $325M (expense).
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