Liberty Media’s fourth-quarter 2013 results showed revenue gains -- and positive results for its operating income.
Revenue climbed 12% to $1.03 billion from $44 million in the fourth
quarter of 2012.
Liberty Media, which acquired a controlling interest in SiriusXM in January, said operating income was $189 million in the fourth quarter versus an operating loss of $60
million a year earlier. Net income for Liberty sank to $65.2 million from $156.2 million in the same period a year ago.
For its full-year 2013 results, SiriusXM posted 12% improvement in
revenue to $3.8 billion, with net income of $377 million. The SiriusXM subscriber base climbed to 25.6 million.
Liberty Media has seen other controlling interests rising: Charter
Communications’ value is now worth $3.67 billion, from $3.62 billion at the end of the third quarter of 2013. Live Nation’s investment value is $1.05 billion, up from $990 million; and
Barnes & Noble has increased to $255 million from $231 million.
In one of its bigger highlights over the last year, Live Nation witnessed an 11% gain in revenue to $6.5 billion.