, the company controlled by billionaire mogul John Malone that owns the Formula 1 racing circuit and a stake in Live Nation, reported third-quarter earnings Thursday. in Sirius XM into a new tracking stock, Sirius XM Holdings Inc., which simplifies ownership into a new consolidated public company. Shareholders of Liberty Sirius XM now own approximately 81 percent of new Sirius, with former Sirius XM minority stockholders holding the remaining 19 percent.
Primary F1 revenue decreased in the third quarter due to lower media rights and sponsorship revenue as a results of one fewer race held in the current period, the company said.
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