Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, reported fourth-quarter financials on Wednesday.
Overall revenue at Liberty Media for the year to Dec. 31 came to $11.4 billion, with net earnings attributable to shareholders reaching $398 million. Quarterly revenue at the Atlanta Braves nearly doubled to $102 million, compared to a year-earlier $53 million, while the Formula One Group’s revenue hit $787 million, up from a year-earlier $754 million, according to the earnings report.