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November 4 , 2021 LIBERTY Sum Liberty Media Corporation Reports Third Quarter 2021 Financial Results ENGLEWOOD , Colo .-- ( BUSINESS WIRE ) -- Liberty Media Corporation ( " Liberty Media " or " Liberty " ) ( NASDAQ : LSXMA , LSXMB , LSXMK , FWONA , FWONK , BATRA , BATRK ) today reported third quarter 2021 results . Headlines include ( 1 ) : Attributed to Liberty SiriusXM Group o SiriusXM reported strong third quarter 2021 financial results Third quarter revenue of $ 2.20 billion ; increase of 9 % from prior year period Third quarter net income of $ 343 million ; diluted EPS of $ 0.08 ☐Record quarterly adjusted EBITDA ( 2 ) of $ 719 million , up 9 % from prior year period ■ SiriusXM self - pay net subscriber additions of 616,000 in third quarter and 1.1 million year - to - date SiriusXM increased 2021 subscriber and financial guidance on October 28th ■ SiriusXM recently increased quarterly cash dividend by 50 % o Effected tax - free exchange of 5.3 million LSXMA shares for 43.7 million SIRI shares on November 3rd , taking Liberty Media's ownership in SiriusXM to approximately 80.2 % All future distributions to Liberty SiriusXM Group from SiriusXM will be tax free o Announced 2.25 % Live Nation exchangeable debentures will be redeemed in full on December 1st put / call date ; any exchanges expected to be settled in January 2022 o From August 1st through October 31st , Liberty repurchased 2.0 million LSXMA / K shares at an average price per share of $ 48.19 for total cash consideration of $ 98 million • Attributed to Formula One Group o F1 announced record 23 - race calendar for 2022 season running March 20th to November 20th o Qatar will join 2021 calendar for November 19th weekend and signed additional 10 - year deal to host race beginning 2023 • US Grand Prix was largest race in F1 history , with total attendance of 400,000 over three - day weekend o Secured multiple broadcast deals with partners in Asia until end of 2022 following closure of Fox Sports channels in region , and extended agreement with Canal + in France until 2024 o Formula 1 leverage of 5.6x near target range of 5.0x - 5.5x