The Liberty Braves Group (NASDAQ:BATRA) Q1 2022 Earnings Conference Call May 6, 2022 10:00 AM ET
Company Participants
Gregory Maffei – President and Chief Executive Officer
Brian Wendling – Chief Accounting and Principal Financial Officer
Stefano Domenicali – President and Chief Executive Officer of Formula One
Courtnee Chun – Chief Portfolio Officer
Conference Call Participants
David Karnovsky – JPMorgan
Bryan Kraft – Deutsche Bank
Vijay Jayant – Evercore
Barton Crockett – Rosenblatt Securities
David Joyce – Barclays
Jason Bazinet – Citi
Operator
Ladies and gentlemen, thank you for standing by. Welcome to Liberty Media Corporation's First Quarter 2022 Earnings Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions]. As a reminder, this conference is being recorded May 6th. I would now like to turn the conference over to Courtnee Chun, Chief Portfolio Officer, please go ahead.
Courtnee Shaun
Thank you. Before we begin, we'd like to remind everyone that this call includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events or results could differ materially due to a number of risks and uncertainties, including those mentioned in Liberty Media's most recent Forms 10K and 10Q, or Liberty Media Acquisition's most recent Forms 10-K and 10Q, filed with the SEC.
These forward-looking statements speak only as of the date of this call and Liberty Media and Liberty Media Acquisition expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in Liberty Media or Liberty Media Acquisition's expectations with regard there to or any change in events, conditions, or circumstances on which any such statement is based.
On today's call, we will discuss certain non-GAAP financial measures for Liberty Media and SiriusXM, including adjusted OIBDA and adjusted EBITDA. The required definitions and reconciliations for Liberty Media and SiriusXM schedules 1 and 2 can be found at the end of the earnings press release issued today, which is available on Liberty Media's website. Now, I'd like to turn the call over to Liberty President and CEO, Greg Maffei.
Gregory Maffei
Thank you, Courtney, and good morning to all of our listeners. Today, speaking on the call, we will also have Formula One's President and CEO, Stefano Domenicali, and Liberty's Chief Accounting and Principal Financial Officer, Brian Wendling. So I'll begin with Liberty Sirius XM. We received $872 million of gross dividends from SIRI tax-free in the first quarter, including the special and regular dividend. We -- because of the nature of our convertible bonds, we had to pass through $30 million of that special dividend.