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Liberty Media (LMCA) Reports Loss in Q3, Revenues in Line

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Liberty Media Corp.LMCA reported mixed financial results in the third quarter of 2015 wherein the company incurred net loss in contrast to the Zacks Consensus Estimate of net income. The top line was just in line with the same.

Quarterly net loss stood at $22 million compared with a net income of $33 million in the year-ago quarter. Third quarter loss per share of 7 cents were well below the Zacks Consensus Estimate of earnings of 24 cents per share.

Liberty Media Corporation (LMCA) - Earnings Surprise | FindTheCompany

Quarterly total revenue came in at $1,284 million, up from $1,184 million reported in the prior-year quarter. However, the figure was exactly in line with the Zacks Consensus Estimate. Subscriber revenues were $969 million, up 8.6% year-over-year while Other revenues totaled $315 million, up 7.9%.

In the third quarter of 2015, Liberty Media's adjusted operating income before depreciation and amortization came in at $473 million compared with $392 million in the year-ago quarter. Quarterly operating income was $321 million compared with $249 million in the prior-year quarter. Adjusted EBITDA stood at $447.2 million, up 17.3% from the year-ago quarter.

In the third quarter, Liberty Media generated $188.6 million of cash from operations compared with $296.1 million in the prior-year quarter. Free cash flow in the reported quarter was $368.9 million against $267.3 million in the year-ago quarter.

At the end of the first nine months of 2015, Liberty Media had $607 million of cash and cash equivalents against $1,088 million at the end of 2014. Total debt, at third quarter-end, was $6,802 million compared with $5,595 million at the end of 2014. At third-quarter end, the debt-to-capitalization ratio stood at 0.26 compared with 0.21 at the end of 2014.

Liberty Media currently has a Zacks Rank #2 (Buy). The company partially controls media company Viacom Inc. VIAB and concert promoter Live Nation Entertainment Inc. LYV . Moreover, Liberty Media holds a majority stake in satellite radio broadcaster SIRIUS XM Radio Inc. SIRI .

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SIRIUS XM HLDGS (SIRI): Free Stock Analysis Report

VIACOM INC-B (VIAB): Free Stock Analysis Report

LIBERTY MEDIA-A (LMCA): Free Stock Analysis Report

LIVE NATION ENT (LYV): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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