NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Liberty Media (Formula 1) reported FY2025 F1 revenue of $3.9B (+14%) with operating income of $632M.

Formula 1 revenue increased 14% to $3.9 billion for the year; operating income grew 28% to $632 million and adjusted OIBDA rose 20% to $946 million. MotoGP pro-forma revenue was $573 million with operating income of $54 million. F1 benefited from sponsorship, media rights, and promotion fee growth.

  • F1 revenue $3.9B (+14% YoY).
  • Operating income $632M (+28%).
  • Adjusted OIBDA $946M (+20%).
  • 2026 brings Madrid GP, new teams, and next-gen regulations.
  • MotoGP integration contributes pro-forma growth.

Headline financials

Total Revenue

$3.9B

Previous: $1.17B+234.2%
EPS (adj)

$0.04

Previous: -$1.09+103.7%
F1 Races in Period

7

Previous: 6+16.7%
MotoGP Races in Period

5

Previous: 5+0.0%
Consolidated Adjusted OIBDA

$329M

Previous: $200M+64.5%
F1 Adjusted OIBDA

$266M

Previous: $202M+31.7%
MotoGP Adjusted OIBDA

$51M

Previous: $21M+142.9%
Full Year F1 Attendance

6.8M

No prior period
Net Income

$596M

Previous: -$355M+267.9%
Operating Income

$632M

Previous: $23M+2647.8%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$3.9B

Q4 2025+234.2%vs Q4 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

F1 2026 season features new regulations, Cadillac/Audi entries, and continued media/sponsorship momentum.

Tailwinds

  • Record partner roster and media rights escalators.
  • Strong live attendance and digital F1 TV growth.

Headwinds

  • Promotional cost inflation for Grands Prix.
  • Regulatory changes affecting race economics.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-1.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.0%

Avg return

30 days after

39%

12 / 31 earnings

Positive

+7.8%

Q1 2023

Best reaction

-29.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.4%+2.3%-1.1%
Q4 2025-3.1%-0.5%-8.6%
Q3 2025+0.7%+1.1%-8.5%
Q2 2025-2.4%-3.1%+1.1%
Q1 2025+2.4%+3.0%+8.3%
Q4 2024-3.3%-4.1%-6.3%
Q3 2024-1.6%-2.3%+13.3%
Q2 2024+1.6%-1.0%-1.8%
Q1 2024-0.8%-4.3%-0.2%
Q4 2023-4.1%+5.8%-4.8%
Q3 2023-1.0%+0.5%-3.1%
Q2 2023-29.7%-3.6%-5.3%
Q1 2023+7.8%+0.4%+1.9%
Q4 2022-1.9%+8.6%+10.3%
Q3 2022-0.3%-6.8%+9.1%
Q2 2022+0.1%+4.0%-4.5%
Q1 2022-8.4%-3.9%+2.2%
Q4 2021+0.2%-3.4%+6.0%
Q3 2021+6.4%+3.7%+9.1%
Q2 2021-0.7%+2.1%+8.4%
Q1 2021-1.4%-5.2%-3.5%
Q3 2020+1.6%+6.5%+12.0%
Q2 2020-0.7%+1.8%+0.6%
Q1 2020-2.9%-6.1%+18.0%
Q3 2019+1.3%+2.3%+3.4%
Q2 2019+4.0%+2.5%+8.4%
Q1 2019+4.1%-0.5%+1.2%
Q3 2018-0.1%-5.1%-5.0%
Q2 2018-3.3%+0.3%-0.8%
Q1 2018-2.8%-4.1%+1.4%
Q1 2016-0.8%
Q4 2015
Q2 2015
Q3 2015
Q1 2015
Q2 2014
Q4 2014
Q3 2014
Q1 2014
Q4 2013
Q2 2013
Q3 2013
Q3 2012
Q1 2012
Q1 2013
Q4 2012
Q2 2012

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