Liberty Media CorpFWONAEarnings & Financial Report
Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.
FWONA Q4 2025 Key Financial Metrics
Revenue
$1.6B
Gross Profit
N/A
Operating Profit
$226.0M
Net Profit
$333.0M
Gross Margin
N/A
Operating Margin
14.0%
Net Margin
20.7%
YoY Growth
150.7%
Financial Flow
Liberty Media Corp Q4 2025 Financial Summary
Liberty Media Corp reported revenue of $1.6B (up 150.7% YoY) for Q4 2025, with a net profit of $333.0M (up 193.8% YoY) (20.7% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $1.6B |
|---|---|
| Net Profit | $333.0M |
| Gross Margin | N/A |
| Operating Margin | 14.0% |
| Report Period | Q4 2025 |
Revenue Breakdown
Liberty Media Corp Q4 2025 revenue of $1.6B breaks down across 3 segments, led by Formula One at $1.4B (87.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Formula One | $1.4B | 87.1% |
| Product Service Or Other | $131.0M | 8.1% |
| Other | $77.0M | 4.8% |
Liberty Media Corp Revenue by Segment — Quarterly Trend
Liberty Media Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Formula One and Product Service Or Other) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Formula One | $1.4B | — | $1.2B | — |
| Product Service Or Other | $131.0M | $61.0M | $138.0M | $47.0M |
| Other | $77.0M | — | — | $84.0M |
Liberty Media Corp Annual Revenue by Year
Liberty Media Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.5B). Click any linked year to see what changed vs the prior annual report.
Liberty Media Corp Quarterly Revenue & Net Profit History
Liberty Media Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $1.6B | +150.7% | $333.0M | 20.7% |
| Q3 2025 | $1.1B | +19.1% | $13.0M | 1.2% |
| Q2 2025 | $1.3B | -57.6% | $204.0M | 15.2% |
| Q1 2025 | $447.0M | -83.7% | $5.0M | 1.1% |
| Q4 2024 | $-3.2B | -190.2% | $-355.0M | 11.2% |
| Q3 2024 | $911.0M | -71.6% | $-2.4B | -259.9% |
| Q2 2024 | $3.2B | -2.4% | $457.0M | 14.4% |
| Q1 2024 | $2.7B | +7.6% | $203.0M | 7.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.75B | $3.17B | $911.0M | $-3.17B | $447.0M | $1.34B | $1.08B | $1.61B |
| YoY Growth | 7.6% | -2.4% | -71.6% | -190.2% | -83.7% | -57.6% | 19.1% | 150.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $42.41B | $42.63B | $13.21B | $12.95B | $13.29B | $13.82B | $17.82B | $15.40B |
| Liabilities | $22.76B | $22.43B | $5.75B | $5.90B | $6.23B | $6.46B | $9.73B | $6.95B |
| Equity | $16.55B | $17.06B | $7.44B | $7.03B | $7.04B | $7.34B | $7.38B | $7.76B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $395.0M | $752.0M | $182.0M | $-23.0M | $381.0M | $231.0M | $173.0M | $123.0M |