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 19 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
Q2 2026———
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 2013———
Q1 2012———
Q4 2012———
Q2 2012———

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