Liberty Media Corp
Business
Liberty Media Corporation operates as the exclusive commercial rights holder for Formula 1 and MotoGP, two global motorsport championships. The company generates revenue through race promotion fees, media rights licensing, sponsorship agreements, and hospitality services. Operations span multiple international markets, with regulatory oversight by the FIA and FIM governing bodies. The company also operates support racing series and provides production and merchandise licensing services.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 4,482 | 3,653 | 3,572 | 3,161 | 11,400 | |
| Selling, general and administrative, including stock-based compensation | 514 | 421 | 659 | 393 | 1,907 | |
| Depreciation and amortization | 393 | 352 | 406 | 433 | 1,072 | |
| Impairment and acquisition costs | 27 | 105 | 1 | 6 | — | |
| Total operating costs and expenses | 3,905 | 3,366 | 3,306 | 3,016 | 9,423 | |
| Operating income (loss) | 577 | 287 | 266 | 145 | 1,977 | |
| Interest expense | −249 | −208 | −234 | −186 | — | |
| Realized and unrealized gains (losses) on financial instruments, net | 288 | −139 | 44 | 524 | −451 | |
| Unrealized gains (losses) on intergroup interests | — | — | −68 | 19 | — | |
| Other, net | 117 | 60 | 89 | 101 | −47 | |
| Total other income (expense) | 156 | −287 | −169 | 562 | −1,188 | |
| Earnings (loss) from continuing operations before income taxes | 733 | −24 | 97 | 707 | 789 | |
| Income tax (expense) benefit | −137 | −44 | −24 | 202 | −45 | |
| Net earnings (loss) from continuing operations | 596 | −44 | 73 | 909 | — | |
| Net earnings (loss) from discontinued operations | −41 | −2,431 | 889 | 1,120 | — | |
| Net earnings (loss) | 555 | −2,475 | 962 | 2,029 | 744 | |
| Less net earnings (loss) attributable to the noncontrolling interests | — | −412 | 201 | 227 | — | |
| Net earnings (loss) attributable to Liberty stockholders | 555 | −2,063 | 761 | 1,815 | 398 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,055 | 2,631 | 1,408 | 1,884 | 2,814 | |
| Trade and other receivables, net | 115 | 114 | 123 | 837 | 828 | |
| Contract assets | 114 | 114 | — | — | — | |
| Other current assets | 89 | 163 | 180 | 768 | 1,170 | |
| Current assets of discontinued operations | — | 326 | 1,361 | — | — | |
| Total current assets | 1,373 | 3,348 | 3,377 | 3,851 | 4,812 | |
| Property and equipment, at cost | 1,087 | 1,007 | 973 | 4,481 | 4,027 | |
| Accumulated depreciation | −219 | −197 | −135 | −2,226 | −2,017 | |
| Property and equipment, net | 868 | 810 | 838 | 2,255 | 2,010 | |
| Goodwill | 7,025 | 4,134 | 3,956 | 4,132 | 19,248 | |
| Intangible assets subject to amortization, net | 5,102 | 2,689 | 2,858 | 4,288 | 4,797 | |
| Deferred income tax assets | 539 | 577 | 772 | — | — | |
| Other assets | 491 | 778 | 612 | 1,811 | 2,554 | |
| Noncurrent assets of discontinued operations | — | 665 | 28,540 | — | — | |
| Total assets | 15,398 | 13,001 | 41,327 | 42,464 | 44,351 | |
| Accounts payable and accrued liabilities | 575 | 649 | 474 | 1,856 | 1,832 | |
| Current portion of debt | 52 | 26 | 106 | 1,679 | 2,891 | |
| Deferred revenue | 263 | 267 | 247 | 1,773 | 1,790 | |
| Financial instrument liabilities | — | 138 | 8 | — | — | |
| Other current liabilities | 49 | 54 | 32 | 102 | 97 | |
| Total current liabilities | 939 | 1,134 | 4,743 | 5,410 | 6,610 | |
| Long-term debt, including $597 million and $588 million measured at fair value, respectively | 5,048 | 2,966 | 4,117 | 14,953 | 15,699 | |
| Deferred income tax liabilities | 656 | 52 | 2,086 | 2,101 | 2,218 | |
| Other liabilities | 305 | 241 | 188 | 874 | 987 | |
| Noncurrent liabilities of discontinued operations | — | 1,557 | 12,834 | — | — | |
| Total liabilities | 6,948 | 5,950 | 21,882 | 23,338 | 25,514 | |
| Redeemable noncontrolling interests in equity of subsidiary | 693 | — | — | — | — | |
| Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued | — | — | — | — | — | |
| Accumulated other comprehensive earnings (loss), net of taxes | −30 | −153 | 12 | −39 | −5 | |
| Retained earnings | 7,785 | 7,179 | 15,061 | 14,589 | 12,718 | |
| Total stockholders' equity | 7,757 | 7,029 | 16,396 | 15,963 | 14,672 | |
| Noncontrolling interests in equity of subsidiaries | — | 22 | 3,049 | 3,163 | 3,590 | |
| Total equity | 7,757 | 7,051 | 19,445 | 19,126 | 18,262 | |
| Commitments and contingencies | — | — | — | — | — | |
| Total liabilities and equity | 15,398 | 13,001 | 41,327 | 42,464 | 44,351 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 21 | 30 | 27 | 28 | 256 | |
| Non-cash impairment expense | — | 73 | 26 | 5 | 24 | |
| Deferred income tax expense (benefit) | 18 | 29 | 15 | −150 | −41 | |
| Intergroup tax allocation | 11 | −104 | −177 | −156 | — | |
| Intergroup tax (payments) receipts | — | 129 | 121 | 80 | — | |
| Other charges (credits), net | 10 | 28 | −2 | −16 | 2 | |
| Current and other assets | 84 | 39 | 12 | −97 | −104 | |
| Payables and other liabilities | 63 | −104 | 152 | 203 | −111 | |
| Net cash provided (used) by operating activities | 908 | 567 | 651 | 578 | — | |
| Capital expended for property and equipment, including internal-use software and website development | −119 | −75 | −461 | −309 | −440 | |
| Cash proceeds from dispositions of investments | 26 | 10 | 110 | 101 | 383 | |
| Cash (paid) received for acquisitions, net of cash acquired | −3,267 | −205 | — | −136 | −14 | |
| Cash proceeds from foreign currency forward contracts | 3,700 | — | — | — | — | |
| Cash paid for foreign currency forward contracts | −3,503 | — | — | — | — | |
| Investments in equity method affiliates and debt and equity securities | −25 | −8 | −173 | −57 | −252 | |
| Other investing activities, net | −14 | −14 | −21 | 96 | −68 | |
| Net cash provided (used) by investing activities | −3,202 | −292 | −545 | 447 | — | |
| Borrowings of debt | 1,748 | 645 | 30 | 3,289 | 6,411 | |
| Repayments of debt | −781 | −677 | −90 | −4,787 | −6,287 | |
| Payment to Liberty Live Holdings, Inc. | −172 | — | — | — | — | |
| Issuance of Series C Liberty Formula One common stock | — | 939 | — | — | — | |
| Settlement of intergroup interests | — | — | −273 | −78 | — | |
| Split-Off | −89 | — | −188 | — | — | |
| Reclassification | — | — | −100 | — | — | |
| Other financing activities, net | −12 | 58 | 16 | 59 | −107 | |
| Net cash provided (used) by financing activities | 694 | 965 | −605 | −1,437 | — | |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 16 | −10 | 1 | — | −3 | |
| Cash provided (used) by operating activities | −38 | 868 | 1,813 | 1,968 | — | |
| Cash provided (used) by investing activities | — | −604 | −695 | −493 | — | |
| Cash provided (used) by financing activities | −286 | −559 | −868 | −1,711 | — | |
| Net cash provided (used) by discontinued operations | −324 | −295 | 250 | −236 | — | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | −1,908 | 935 | −248 | −648 | 47 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Liberty Media Corp's CIK number?
Liberty Media Corp's SEC CIK number is 0001560385 (1560385). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Liberty Media Corp's SEC filings?
All of Liberty Media Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Liberty Media Corp last report earnings?
Liberty Media Corp (FWONK) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001560385-26-000015). This is Liberty Media Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Liberty Media Corp's most recent earnings 8-K?
Liberty Media Corp's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001560385-26-000015. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Liberty Media Corp's latest earnings 8-K →
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