Liberty Media Posts Profit In Q1 As SiriusXM Net Income Climbs 12%

(RTTNews) - Liberty Media Corp. (LMCA, LMCB, LMCK) Friday said first-quarter net earnings attributable to the company's stockholders was $22 million, compared to a loss of $19 million last year.

For the company, total revenue stood at $1.011 billion, compared to $1.081 billion last year. Analysts were looking for revenues of $1.10 billion.

Meanwhile, for SiriusXM, a separate publicly traded company, net income climbed 12 percent to $106 million, and revenue increased 8 percent to $1.08 billion. Subscriber base grew to 27.7 million. Liberty Media's ownership of SiriusXM stood at 57.8 percent as of April 24.