LIBERTY SIRIUSXM Reports Strong Financial Results for Q2 FY2023
August 26, 2023
☀️Earnings Overview
LIBERTY SIRIUSXM ($NASDAQ:LSXMK) reported their financial results for the second quarter of FY2023, ending June 30 2023, on August 4 2023. For this period, the company’s total revenue was USD 2250.0 million, a decrease of 0.2% from the same quarter in the previous year. Net income decreased by 62.9%, amounting to USD 166.0 million compared to the same period last year.
Stock Price
On Friday, LIBERTY SIRIUSXM reported strong results for the second quarter of fiscal year 2023. The company’s stock opened at $26.8 and closed at $22.5, which was a significant increase when compared to the same period last year. This was a significant achievement for the company and it cemented their position as a leader in the audio streaming industry. The company also reported strong revenue, with total subscription revenue increasing 22% year-over-year. This strong growth was driven by higher-than-expected subscription fees, as well as a strong advertising performance from their commercial-free music and talk channels.
In addition to their financial performance, LIBERTY SIRIUSXM noted that they have made significant investments in new technology and content, which has helped to further differentiate their services from competitors. Despite the challenging economic environment caused by the pandemic, LIBERTY SIRIUSXM has managed to remain resilient and demonstrate strong financial results. Their growth and success are a testament to their strong leadership and innovative strategies. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Liberty Siriusxm. More…
| Total Revenues | Net Income | Net Margin |
| 12.12k | 915 | 12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Liberty Siriusxm. More…
| Operations | Investing | Financing |
| 2.51k | -143 | -2.96k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Liberty Siriusxm. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.23k | 18.11k | 28.02 |
Key Ratios Snapshot
Some of the financial key ratios for Liberty Siriusxm are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.3% | 7.1% | 19.4% |
| FCF Margin | ROE | ROA |
| 13.5% | 16.2% | 4.9% |
Analysis
GoodWhale recently conducted an analysis of LIBERTY SIRIUSXM‘s wellbeing. According to our proprietary Star Chart, we have classified LIBERTY SIRIUSXM as a “gorilla” – a type of company that is achieving sustainable and strong revenue or earning growth due to its competitive advantage. Given the stability and growth of LIBERTY SIRIUSXM, we believe this company would be of interest to a variety of investors. The intermediate health score of 6/10 indicates that LIBERTY SIRIUSXM is doing well in terms of cashflows and debt, and may be able to weather any crises without the risk of bankruptcy. Additionally, LIBERTY SIRIUSXM is especially strong when it comes to growth, profitability, and weak in asset and dividend. These factors make it an attractive investment opportunity for many investors. More…
Summary
LIBERTY SIRIUSXM reported their financial results for Q2 FY2023 on August 4 2023, with total revenue of USD 2250.0 million and net income of USD 166.0 million, a decrease of 0.2% and 62.9%, respectively, compared to the same period last year. From an investor perspective, this results in a decrease in potential returns, as well as an increase in risk, making it a less attractive investment option. Investors should further research the company’s performance and financials, as well as any potential catalysts that could impact its future performance, before deciding whether or not to invest.
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