Liberty Media Third-Quarter Earnings Fall, Though Revenue Rises

Liberty Media's John Malone

Liberty Media on Wednesday posted third-quarter earnings of $41 million, down from $87 million a year earlier.

Revenue rose to $1.3 billion from $1.2 billion a year ago. 

Liberty Media, controlled by billionaire mogul John Malone, is the parent of Sirius XM Radio and Atlanta National League Baseball Club and has equity stakes in Time Warner, Viacom, Charter Communications and Live Nation Entertainment. 

By itself, Sirius XM, which is a publicly traded company on its own, reported record revenue of $1.2 billion with nearly 29 million subscribers, also a record. Net income climbed 22 percent to $167 million.

Wednesday's earnings report didn't seem to concern investors one way or the other, as the stock was up 1 percent on the day to $41.32 and it didn't move after the closing bell.

This article was originally published by The Hollywood Reporter.


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