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Liberty Media Q3 revenue slightly misses estimates

By Reuters News


Overview

  • US media and sports group's Q3 revenue slightly missed analyst expectations

  • Net income for Q3 was $162 mln


Outlook

  • Liberty Media did not provide specific financial guidance for the current quarter or full year in the press release


Result Drivers

  • F1 CALENDAR AND FEES – F1 primary revenue rose on one additional race, contractual fee increases and new sponsorships

  • F1 HOSPITALITY – Other F1 revenue increased on higher hospitality revenue at recurring events and the additional event

  • MOTOGP RACE COUNT AND MEDIA RIGHTS – MotoGP primary revenue declined on two fewer events and lower contractual media-rights revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$1.23 bln

$1.24 bln (10 Analysts)

Q3 Net Income

$162 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the leisure & recreation peer group is "buy"

  • Wall Street's median 12-month price target for Liberty Media Corporation is $115.00, about 26.3% above its November 4 closing price of $91.03

  • The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 48 three months ago


Reuters Recommended Reads

  • Nov 4 - Sports and entertainment firm TKO Group's Q3 revenue rises but misses estimates

  • Nov 4 - Sinclair Q3 revenue up 16%, beats analyst estimates

  • Nov 4 - News Corp Q1 adjusted profit beats estimates on digital real estate, Dow Jones growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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