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Liberty Media on Tuesday reported improved fourth-quarter financials.
Liberty Media, controlled by billionaire mogul John Malone, houses such assets as satellite radio company SiriusXM Radio, the Atlanta Braves National League baseball club, Charter Communications and more.
Fourth-quarter operating income jumped 25.8 percent, from $217 million to $273 million, as SiriusXM recorded a 17.2 percent gain, while losses for the Liberty Braves Group and Formula One narrowed.
Adjusted operating income before depreciation and amortization, another profitability metric analysts use to gauge the company’s performance, rose 21.4 percent. Quarterly revenue jumped 9.1 percent to $1.32 billion.
The company last year created three tracking stocks. They are for the Liberty Braves Group, which indirectly owns the Atlanta Braves and certain related assets and liabilities; the Liberty Sirius Group, focused on the stake in SiriusXM; and the Liberty Media Group, which has since been renamed Formula One Group.
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