UPDATE 2-Liberty Media reports 1st-quarter profit vs loss

* Q1 EPS of $1.83 vs loss of $1.41 a year-ago

* Revenue up 11 percent to $2.5 billion
(Adds group earnings from filing)

NEW YORK, May 7 (BestGrowthStock) – Liberty Media Corp, the media
conglomerate controlled by mogul John Malone, on Friday
reported profit for the first quarter, thanks partly to a
strong performance at its QVC television retailer.

Net income was $389 million, or $1.83 a share, compared
with a loss of $136 million, or $1.41 a share a year earlier,
according to a regulatory filing.

Liberty, which trades under three tracking stocks —
Liberty Interactive (LINTA.O: ), Liberty Starz (LSTZA.O: ) and
Liberty Capital (LCAPA.O,: ) — said the holding company’s
revenue rose 11 percent to $2.5 billion.

Liberty Interactive, which owns the QVC TV retail business,
reported a net profit of $310 million, or 51 cents a share, on
a revenue increase of 11 percent to $2 billion.

The results were primarily driven by improved performance
at QVC, with new brand items like Kim Kardashian fragrances and
Dyson vacuums.

QVC’s consolidated revenue rose 11 percent to $1.8 billion
and adjusted OIBDA — operating income before depreciation and
amortization — increased 15 percent to $366 million.

Liberty Starz, which holds the pay-TV and Hollywood studio
unit, posted $57 million or $1.10 a share, while revenue rose
12 percent to $307 million, helped by performance at Starz
Entertainment, which produces TV shows like the cable series
“Spartacus.”

Liberty Capital the investment arm of Liberty Media,
reported profit of $22 million, or 22 cents a share, while
revenue increased 33 percent to $166 million.

Liberty’s mix of assets includes significant holdings in
Barry Diller’s IAC/InterActiveCorp (IACI.O: ); leading U.S.
satellite TV company DIRECTV Group Inc (DTV.O: ) and satellite
radio company Sirius XM Radio Inc (SIRI.O: ).

Stock Market Today

(Reporting by Yinka Adegoke, editing by Gerald E. McCormick)

UPDATE 2-Liberty Media reports 1st-quarter profit (Read more your timing to make a profit.) vs loss