Liberty Media rode the surging popularity of Formula 1, an uptick in revenue from the Atlanta Braves, and strong results from SiriusXM to a profitable fourth quarter and full year in 2022.

F1, which begins its 2023 season this weekend in Bahrain, grew fan attendance 36% from 2019 to 5.7 million. F1’s full-year revenue rose 20% from 2021 to $2.6 billion, $1.2 billion of which was passed on to teams. 

The racing series’ operating income more than doubled to $239 million.

Quarterly revenue dipped 8% to $568 million, which Liberty attributed to one fewer race in Q4 2022 than in the same period the previous year.

The Atlanta Braves, MLB’s only publicly traded team, saw revenues rise only slightly despite winning the World Series in 2021. The Braves were bounced out by the eventual National League pennant winner Philadelphia Phillies in the Division Series in 2022 — giving them only two postseason home games to the previous year’s eight.

The Braves saw average home game revenue rise from $6 million to $6.4 million, leading to a 4% increase to $588 million in total 2022 revenue. Increased operating expenses led to a $15 million loss on the year.

Liberty Media is set to split off the Braves into a separate stock listing called Atlanta Braves Holdings, Inc.

Liverpool has returned to profit for the first time since the 2018-19 financial period — just as it looks for possible investors.

The Premier League club reported a $128.8 million increase in revenue to $714.9 million for the period ending May 31, 2022, with a before-tax profit of $9 million. 

Following the 2018-19 profit of $50.6 million, Liverpool posted losses of $5.8 million and $55.4 million for the 2020-21 and 2019-20 periods, respectively. 

Media revenue fell $6 million to nearly $314 million, which was attributed to the longer 2019-20 season. 

Commercial revenue increased $34.9 million to $297 million thanks to “strong growth in partnerships and the reopening of non-matchday operations with the global retail stores and stadium tour and museum centre [sic].” Eight new partnerships were struck during the period, and the team renewed its deal with EA Sports.

Meanwhile, matchday revenue jumped $99.8 million due to the return to full capacity. 

Earlier this month, Liverpool principal owner John W. Henry clarified that while Fenway Sports Group isn’t selling the club outright, it is talking with investors about a possible minority stake sale. 

RedBird Capital Partners, which bought an 11% stake in FSG in 2011 for $640.7 million, has reportedly held talks with FSG on increasing its stake.

Endeavor’s owned sports properties segment has been a workhorse for the UFC and WME parent company.

The global sports and entertainment giant reported $5.27 billion in full-year revenue, up from the $5.08 billion it reported the year prior, with its owned properties segment bringing in $1.33 billion — up 20% from $1.11 billion in 2021.

The growth is partially attributed to “increased media rights fees at UFC, as well as greater sponsorship, licensing, commercial PPV, and event-related revenue from more UFC events with live audiences.” UFC enjoyed record sponsorship sales volume and 21 consecutive sellouts during the year.

Revenue for Endeavor’s events, experiences, and rights segment reached $2.5 billion for the year, driven by experiences including the Miami Open, Super Bowl LVI, and NCAA March Madness.

Its representation segment for the full year fell nearly 23% in revenue to $1.5 billion, while net income reached $321.7 million. 

Endeavor posted a fourth-quarter net loss of $225.7 million and a 16% decline in fourth-quarter revenue to $1.26 billion, attributed to the sale of its content business in January 2022. Excluding Endeavor content, revenue would have reportedly increased 7% for the quarter.

In the three months ending Dec. 31, Endeavor reported a 9% increase in revenue for its owned sports properties segment to $301.4 million.

Endeavor anticipates 2023 revenue to fall between $5.83 billion and $5.98 billion.