Liberty Media issued its earnings report for the fourth quarter of 2014 on Wednesday, revealing an increase in revenues over the equivalent quarter in 2013.
Liberty, which owns interests in companies including SiriusXM Holdings and Live Nation Entertainment, also reported $1.095 billion in earnings,versus $1.025 billion in the fourth quarter of 2013.
That put the company right in line with the predictions of analysts, who had forecast that the company would report revenues in the $1.09 billion range.
The company touted a strong fourth quarter for SiriusXM, which Liberty owns a 56.7 percent ownership stake in as of Feb. 3, and whose subscriber base grew to 27.3 million in 2014.
“Once again, SiriusXM posted record results for the fourth quarter and full year. Subscriber growth in the fourth quarter was a particular highlight, marking the largest fourth quarter increase since 2007. SiriusXM enters 2015 with a strong trial funnel, an unmatched offering of exclusive content and focused on the opportunities around a future connected car environment,” said Greg Maffei, president and CEO of Liberty Media.
The quarter also found Liberty Media spinning off Liberty Broadband. At the time of the Nov. 4 completion of the spinoff, Liberty Broadband consisted of Liberty’s interest in Charter Communications and the subsidiary TruePosition, as well as minority equity investment in Time Warner Cable and a corporate net debt of $300 million, among other things.