THE LIBERTY SIRIUSXM GROUP

(LSXMK)
  Report
Real-time Estimate Cboe BZX  -  05/17 11:16:45 am EDT
39.73 USD   +1.99%
06:43aPivotal Research Adjusts Price Target on Liberty SiriusXM to $66 From $77; Buy Rating Kept
MT
05/16Liberty Media Corporation to Hold Virtual Annual Meeting of Stockholders
BU
05/11Vegas tourism board allocates $6.5M a year for Formula One
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

LIBERTY MEDIA CORP : Results of Operations and Financial Condition, Unregistered Sale of Equity Securities, Financial Statements and Exhibits (form 8-K)

11/05/2021 | 05:03am EDT

Item 2.02. Results of Operations and Financial Condition.

On November 4, 2021, Liberty Media Corporation (the "Company") issued a press release (the "Earnings Release") setting forth information, including financial information, which is intended to supplement the financial statements and related Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed with the Securities and Exchange Commission (the "SEC") on November 4, 2021.

This Item 2.02 and the Earnings Release attached hereto as Exhibit 99.1, insofar as they disclose historical information regarding the Company's results of operations or financial condition for the quarter ended September 30, 2021, are being furnished to the SEC.

Item 3.02. Unregistered Sales of Equity Securities.

On November 1, 2021, the Company entered into an Exchange Agreement (the "Exchange Agreement") with the counterparties thereto (collectively, the "Holders") to acquire an aggregate of 43,658,800 shares of common stock, par value $0.001 per share, of Sirius XM Holdings Inc., a Delaware corporation ("Sirius XM Holdings"), in exchange (the "Exchange") for the issuance by the Company to the Holders of an aggregate of 5,347,320 shares of the Company's Series A Liberty SiriusXM Common Stock, par value $0.01 per share, in a transaction intended to qualify as a reorganization within the meaning of Section 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended. The exchange ratio was market-based with no premium. The Exchange closed on November 3, 2021 and, as a result, the Company and Sirius XM Holdings became members of the same consolidated tax group. The shares of Series A Liberty SiriusXM Common Stock issued by the Company to the Holders pursuant to the Exchange Agreement were not registered under the Securities Act of 1933, as amended, in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

(d)  Exhibits




Exhibit No.    Description
99.1             Earnings Release, dated November 4, 2021.
               Cover Page Interactive Data File (formatted as Inline XBRL and
104            contained in Exhibit 101)








                                       2

© Edgar Online, source Glimpses

All news about THE LIBERTY SIRIUSXM GROUP
06:43aPivotal Research Adjusts Price Target on Liberty SiriusXM to $66 From $77; Buy Rating K..
MT
05/16Liberty Media Corporation to Hold Virtual Annual Meeting of Stockholders
BU
05/11Vegas tourism board allocates $6.5M a year for Formula One
AQ
05/10Deutsche Bank Adjusts Liberty SiriusXM Group's Price Target to $76 From $79, Maintains ..
MT
05/06LIBERTY MEDIA : Q1 Earnings Snapshot
AQ
05/06LIBERTY MEDIA CORP Management's Discussion and Analysis of Financial Condition and Res..
AQ
05/06Liberty Sirius XM Group Q1 Operating Income, Revenue Rise
MT
05/05Formula 1® and SiriusXM Announce Multi-Year Extension
PR
05/03LIBERTY MEDIA CEO ON F1 GROWTH : 'We have a lot of demand'
AQ
04/27Why Formula 1 became sport's buzzword
AQ
More news
Analyst Recommendations on THE LIBERTY SIRIUSXM GROUP
More recommendations
Financials (USD)
Sales 2022 9 060 M - -
Net income 2022 1 005 M - -
Net Debt 2022 11 066 M - -
P/E ratio 2022 12,8x
Yield 2022 -
Capitalization 12 993 M 12 993 M -
EV / Sales 2022 2,66x
EV / Sales 2023 2,87x
Nbr of Employees -
Free-Float 89,9%
Chart THE LIBERTY SIRIUSXM GROUP
Duration : Period :
The Liberty SiriusXM Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE LIBERTY SIRIUSXM GROUP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 38,95 $
Average target price 67,25 $
Spread / Average Target 72,7%
EPS Revisions
Sector and Competitors
1st jan.Capi. (M$)
THE LIBERTY SIRIUSXM GROUP-23.40%12 993
WALT DISNEY COMPANY (THE)-30.71%191 584
COMCAST CORPORATION-16.81%187 578
VIACOMCBS INC.-7.16%18 273
FORMULA ONE GROUP-4.78%13 856
GRUPO TELEVISA, S.A.B.-10.25%4 873