• Loading stock data...
Saturday, May 31, 2025

Liberty Media Looks to Turn Corner After Losses

Photo: J. Getz/K. Jairaj-USA TODAY/Design: Alex Brooks

Liberty Media has faced its fair share of struggles during the pandemic, a reality confirmed by the release of its Q4 and full-year 2020 earnings reports this week.  

Forbes named Liberty Media 2021’s world’s most valuable sports empire at $13 billion, but the mass media company that owns the Atlanta Braves, Formula One, and SiriusXM saw a plunge in revenue across its sports holdings.

The Braves Group recorded $178 million in revenue for 2020, down from $476 million in 2019.

“The decrease in baseball revenue for the full year was primarily driven by fewer games held without fans, which led to lower ballpark operations revenue,” the company said. “Fewer games also negatively impacted broadcasting revenue.”

Formula One Group also reported a significant decrease in revenue — from $2 billion in 2019 to $1.1 billion in 2020 — but the racing giant isn’t slowing down.

“We are planning a record-setting 23-race calendar in 2021 and continue to work with governments, promoters, and local organizations as we navigate COVID-19 protocols,” said Stefano Domenicali, president and CEO at Formula One.

Despite the setbacks in sports, Liberty was able to lean on SiriusXM. Live Nation — a part of Sirius XM — saw a 3% increase in revenue to over $8 billion from its 2019 fiscal year revenue of $7.8 billion, thanks to alternative events it offered.

Last month, Liberty Media’s SPAC went public through a $500 million IPO. Shares rose 27.5% on its first day of trading.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Team Penske driver Josef Newgarden (2) pulls into pit lane Monday, May 19, 2025, during a practice for the 109th running of the Indianapolis 500 at Indianapolis Motor Speedway.

Indy 500, Monaco GP on Same Weekend for the Final Time

The three Triple Crown races will be on consecutive weekends.
May 4, 2025; Miami Gardens, FL, USA; Mercedes driver Kimi Antonelli (12) during the F1 Miami Grand Prix at Miami International Autodrome.

How Do You Become an F1 Driver?

There are only 20 F1 drivers in the world across 10 teams.
Kansas City Chiefs quarterback Patrick Mahomes (15) raises the Lamar Hunt Trophy with tight end Travis Kelce (87) after the AFC championship NFL game between the Cincinnati Bengals and the Kansas City Chiefs on Jan. 29, 2023, at Arrowhead Stadium in Kansas City.

F1 Team Part-Owned by Mahomes, Kelce Makes Changes Amid Struggle

Alpine is ninth in the constructors’ championship.

Featured Today

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
May 25, 2025

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.
May 30, 2025

Panthers-Oilers Rematch Could Be Big in Canada. Will U.S. Ratings Dip?

Likely viewership declines in the U.S. are countered by robust Canadian audiences.
May 30, 2025

French Open Scheduling Sparks Backlash Over Women’s Time Slots

Coco Gauff has also said the French Open schedule could be improved.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
May 28, 2025

NBA East Finals Delivers Strong TV Ratings, but West Is Struggling

The Pacers and Thunder are both up 3–1 in their conference finals series.
Around the Horn
May 23, 2025

Behind the Scenes of Around the Horn’s Final Days

FOS followed Tony Reali at the penultimate taping of the ESPN icon.
Around the Horn - October 26, 2020
May 23, 2025

‘Quirky, Nutty, Bombastic’: 10 ‘Around the Horn’ Faces on Their Top Moments

“A quirky, nutty, bombastic, mostly wrong, sometimes right, crazy sports family.”
May 22, 2025

NBC Eyes MLB Rights, Looks to Own Sunday Nights Year-Round

The league continues to shop media rights being forfeited by ESPN.