Published on 28 Feb 2024 on GuruFocus.com via Yahoo Finance
Liberty Live Group (LLYVA) Reports Full Year and Q4 2023 Financial Results
Revenue: Liberty Live Group reports a slight decrease in full-year revenue to $8.95 billion.Net Income: Full-year net income stands at $1.26 billion with diluted EPS of $0.32.Adjusted EBITDA: The company achieved $2.79 billion in full-year adjusted EBITDA.Free Cash Flow: Liberty Live Group generated $1.20 billion in free cash flow for the year.Debt Reduction: Reduced Liberty SiriusXM Group debt by $782 million over the full year.Strategic Moves: Liberty Media plans to complete the combination of Liberty SiriusXM Group and SiriusXM in Q3 2024.Stock Repurchase: No repurchases of Liberty Medias common stock from November 1, 2023, through January 31, 2024; remaining authorization at $1.1 billion.
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On February 28, 2024, Liberty Live Group (NASDAQ:LLYVA) released its 8-K filing, detailing its financial performance for the fourth quarter and the full year of 2023. Liberty Live Group, which is engaged in the operations of Live Nation and aims to maximize the value of its investment in the company, faced a slight revenue decline but maintained strong net income and free cash flow figures.