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Liberty Media Corporation Series A Liberty Formula One (FWONA) reports developments for a sports and entertainment business centered on Formula 1 and MotoGP. News commonly covers quarterly and annual operating results, race-calendar agreements, Grand Prix sponsorships, official partner relationships, merchandise collaborations and audience or fan-engagement trends tied to Formula 1.
Company updates also address MotoGP operating performance and commercial strategy, conference presentations, earnings calls, annual meeting procedures and corporate-structure matters, including the completed Liberty Live split-off and the presentation of related discontinued operations in Liberty Media financial statements.
Liberty Media Corporation reported Q3 2020 results highlighting key outcomes across its segments. SiriusXM added 169,000 self-pay subscribers with a revenue of $2,025 million, up 1% year-over-year. Adjusted EBITDA rose 1% to $661 million. Formula One Group faced a revenue decline of 6%, totaling $597 million, resulting in an operating loss of $115 million. The Braves Group reported a significant revenue drop of 48% due to COVID-19 impacts. Liberty repurchased 3.1 million shares during the quarter, maintaining a strong liquidity position with $2.1 billion available across its segments.
Liberty Media Corporation will host its annual Investor Meeting on November 19, 2020, starting at 9:00 AM M.T. The meeting will be held virtually, allowing shareholders, research analysts, and press to attend. Key topics include financial performance and future outlook, with Q&A participation from Chairman John Malone and CEO Greg Maffei. Stockholders may submit questions via email until November 13, 2020. The meeting will feature presentations from several companies, including Sirius XM, Formula 1, and Live Nation.
Liberty Media Corporation's President and CEO, Greg Maffei, is set to host a conference call on November 5, 2020, at 10:00 a.m. (E.S.T.) to discuss the third quarter results for 2020. The call will include prepared remarks and a Q&A session where management will address questions related to the company's financial performance and outlook. Participants can join via telephone or listen to a live broadcast on the Liberty Media website.
Liberty Media Corporation (FWONA) announced a quarterly interest payment of $5.625 per $1,000 on its 2.25% Exchangeable Senior Debentures due 2046, affecting approximately $204 million outstanding as of September 30, 2020. The adjusted principal amount post-payment is approximately $459.25. Additionally, an excess regular cash dividend of $3.2975 per Debenture was declared, corresponding to AT&T's dividend paid on August 3, 2020. The current distribution structure ensures consistent interest payments despite adjustments to the principal amount.