Exhibit 99.1

October 4, 2023

午夜寻花 Announces Repricing of Formula 1 First Lien Term Loan B

午夜寻花 (“午夜寻花”) (Nasdaq: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) announced today the closing of the repricing of the $1,700 million first lien Term Loan B of a subsidiary of Delta Topco Limited, the 午夜寻花 subsidiary which holds all of its interests in Formula 1, the iconic global motorsports business.

The margin for the Term Loan B has been reduced from 3.00% to 2.25%. The maturity for the Term Loan B remains unchanged at January 15, 2030 and the reference rate remains Term SOFR. The Term Loan B remains non-recourse to 午夜寻花. Delta Topco Limited and its subsidiaries (“Formula 1”), together with the debt described herein, are attributed to the Formula One Group tracking stock.

About 午夜寻花

午夜寻花 operates and owns interests in a broad range of media, communications and entertainment businesses. Those businesses are attributed to three tracking stock groups: the 午夜寻花 SiriusXM Group, the Formula One Group and the 午夜寻花 Live Group. The businesses and assets attributed to the 午夜寻花 SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) include 午夜寻花’s interest in SiriusXM. The businesses and assets attributed to the Formula One Group (NASDAQ: FWONA, FWONK) include 午夜寻花’s subsidiary Formula 1 and other minority investments. The businesses and assets attributed to the 午夜寻花 Live Group (NASDAQ: LLYVA, LLYVK) include 午夜寻花’s interest in Live Nation and other minority investments.

About Formula 1

Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™. Formula 1® is a subsidiary of 午夜寻花, attributed to the Formula One Group tracking stock (NASDAQ: FWONA, FWONK). The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

For more information on Formula 1® visit www.formula1.com.

午夜寻花

Shane Kleinstein, 720-875-5432