Quarterly ResultMay 7, 2026, 04:57 PM
Liberty Media Q1 Revenue +59% to $711M; F1 OIBDA +102%
AI Summary
Liberty Media Corporation reported a strong start to 2026, with consolidated revenue increasing 59% to $711 million and Adjusted OIBDA growing 148% to $181 million in the first quarter. This performance was driven by robust growth in both Formula 1 and MotoGP segments, despite geopolitical tensions impacting some race schedules. The company also announced new partnerships and race agreements, while improving its cash position and reducing total debt.
Key Highlights
- Consolidated revenue increased 59% to $711 million for Q1 2026.
- Consolidated Adjusted OIBDA grew 148% to $181 million in Q1 2026.
- Formula 1 revenue rose 53% to $617 million, with Adjusted OIBDA up 102% to $172 million.
- MotoGP revenue increased 25% to $94 million, with Adjusted OIBDA up 60% to $16 million.
- F1 announced the return of the Turkish Grand Prix in 2027 and new multi-year sponsorship agreements.
- Geopolitical tensions led to the non-holding of Bahrain and Saudi Arabia Grands Prix in April and postponement of Qatar Grand Prix.
- Total consolidated cash increased to $1.332 billion, while total debt decreased to $4.989 billion.
- Liberty Media has $1.1 billion remaining in its share repurchase authorization.
Price Impact
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