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, on Monday reported second-quarter financials as the novel coronavirus pandemic delayed events in its sports operations.
Liberty Media posted a loss attributable to its stockholders of $326 million, compared with a year-ago profit of $116 million on a 32 percent revenue drop to $1.91 billion.
Quarterly revenue at SiriusXM fell 5 percent to $1.87 billion, while revenue tumbled 96 percent at the Formula One Group to $24 million and came in at $11 million at the Braves, down 95 percent from the year-ago period.