Q1 2020 Earnings Call
And contained herein to reflect any change in Liberty media's expectations with regard thereto or any change in events conditions or circumstances on which any such statement is based on today's all we will discuss certain non-gaap Financial measures including adjusted or unadjusted in stock before I definitions and reconciliations for Liberty Media and Sirius XM schedules one and two can be found at the end of the earnings press release today, which is available on our website now, I'd like to turn the call over to Greg Maffei Liberties president and CEO. Thank you and good morning. We will have on the one with Terry and Liberty Chief accounting officer Brian first. Let me say I hope you all healthy and safe.
Tracker had a compelling price. We still have ample and clearly we are pleased with the stock market reaction since all of them.
from Derek Jeter's house in Florida
subscription-based business model we have in Sirius XM has proved resilient South paying that adds $69,000 to nearly thirty four point eight million subscribers.
Ladies and gentlemen, thank you for standing by welcome to the Liberty Media Corporation 2020 q1 earnings call during the presentation. All participants will be in a listen-only mode afterwards. We will conduct the questions and answers said during that time. If you have a question, please press star one on your telephone as a reminder. This conference is being recorded today, May 7th. I would now like to turn the conference over to miss Courtney Channon Chief pull up port phone. No officer and Senior vice president of investor relations, please go ahead ma'am. Thank you for forwarding.
trying to Liberty Sirius XM
including the ls XM shares that we acquired as part of the react tribution Liberty SiriusXM. We purchased $98 in stock from February 1st through April 4th.
And the very strong liquidity and cash flow of Sirius XM has shown through we still have 1.75 billion of available on our revolving credit facility, which is not as well.
Returning to formula one group. I'm sure you have all missed it by F One racing. Hopefully you've got a little taste by watching or re-watching both seasons of drive to survive on Netflix off and we expect you all of you. Watch the virtual GP this past weekend. There was an epic battle between Alex and Charlie Clark, they pass and repass each other several times with finally taking the win the final results highlight of the next generation of F1 drivers album Russell and LeClaire exciting and going to be throwing us for years of the F1 team has done a great job navigating the crisis and working on the 2020 calendar. They are planning an early July start in Austria and Chase. We'll talk more about that.
And effectively bought the Sirius XM shares 2373 looked through twice.
Are always SiriusXM as of April 24th stood at 72.2%
I know that we have stocked are we purchased as part of the reactivation but I expect those clothes of the planned rights offering an early June. We will look to start refocusing wage in stock again.
Second I'd like to thank and salute our employees and management team impressive job.
Now I have Liberty Media and other assets and liabilities between the formula one room and April 22nd month. We spoke to many of you sent this in us and obviously we had a conference call, right?
nagging discount is an opportunity and one we will continue to take advantage of
SiriusXM continue to report the stock and we approached 80% ownership of SiriusXM. I expect the opportunity made win.
Now looking at Sirius XM itself. It continues to operate very well during the code.
We continue to evaluate the same beneath the business, but definitely want to be opportunity to combine synergistic assets that we can add and we think we're well-positioned to think so.
Trying to Live Nation does not report until after the market today. So obviously won't comment on results, but I want to say we are pleased with the announced actions. They have taken to build the plating.
out of the braids