Operator: Welcome to the Liberty Media Corporation and Atlanta Braves Holdings 2023 Year End Earnings Call. [Operator Instructions] As a reminder, this conference will be recorded.
Snap said fourth-quarter revenue increased 5% year-over-year to $1.361 billion, which missed the consensus estimate of $1.38 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of 8 cents per share, which beat analyst estimates of 6 cents per share.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.