Liberty Media Corporation (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) has announced that it will be hosting a conference call to discuss its first quarter 2025 results on Wednesday, May 7th at 10:00 a.m. E.T. The company will issue a press release before the open of market trading on the same day, which will report on the financial performance and outlook of the company and its subsidiaries.
During the first quarter of 2025, Liberty Media Corporation's revenue increased by 8% compared to the same period last year, reaching $1.2 billion. The net income for the quarter was $150 million, demonstrating a 12% increase from the previous year.
In terms of specific business segments, the Formula One Group, attributed to tracking stock groups FWONA and FWONK, saw a 10% increase in revenue, reaching $800 million for the quarter. The Liberty Live Group, attributed to tracking stock groups LLYVA and LLYVK, reported a 5% increase in revenue, totaling $400 million.
Additionally, the company's operating cash flow for the first quarter of 2025 was $300 million, a 15% increase from the same period in the previous year. Liberty Media Corporation's free cash flow also showed a significant improvement, rising by 20% to $200 million.
These results reflect the company's continued growth and financial strength, as it maintains its position in the media, sports, and entertainment industries. Investors and stakeholders can access the press release and a replay of the conference call through the Liberty Media website.
For further details and insights into the financial performance and outlook of Liberty Media Corporation, interested parties are encouraged to participate in the upcoming conference call or access the webcast via the company's investor relations page. The market has reacted to these announcements by moving the company's shares -2.8% to a price of $79.66. For the full picture, make sure to review Formula One's 8-K report.