Quarterly ResultAug 6, 2026, 04:25 PM
Liberty Media Q2 Revenue $934M, Operating Income $88M; F1 Revenue Down 38%
AI Summary
Liberty Media Corporation reported a significant decline in second-quarter 2026 consolidated revenue to $934 million and operating income to $88 million, primarily driven by Formula 1's 38% revenue decrease due to fewer races compared to the prior year. MotoGP's revenue saw a slight decrease, but its Adjusted OIBDA increased by 3%. The company highlighted strategic extensions for Formula 1, including the Las Vegas Grand Prix, and new long-term agreements for MotoGP, alongside a $1.1 billion share repurchase authorization.
Key Highlights
- Consolidated revenue decreased to $934 million from $1,341 million in Q2 2025.
- Consolidated operating income fell to $88 million from $280 million in Q2 2025.
- Formula 1 revenue declined 38% to $764 million due to four fewer races held.
- Formula 1 operating income decreased 75% to $73 million.
- MotoGP revenue decreased 2% to $170 million; Adjusted OIBDA increased 3% to $76 million.
- F1 announced a 10-year extension of the Las Vegas Grand Prix through 2037.
- MotoGP signed new 5-year agreements with all manufacturers and teams through 2031.
- Remaining share repurchase authorization is $1.1 billion as of August 1, 2026.
Price Impact
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