| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 711.00 | 59.1% |
| Total Income | 711.00 | 59.1% |
| Expenditure | 647.00 | 24.9% |
| PBT | 58.00 | 341.7% |
| Net Profit | 57.00 | 1040.0% |
| OPM | 9.00% | 24.89pp |
| NPM | 8.02% | 6.90pp |
| EPS | — |
Liberty Media Reports Q1 2026 Results: F1 Revenue Up 53%
08 May 2026 · 8 May, 2:27 am
Summary
Liberty Media Corporation reported a strong start to 2026, with significant growth in both Formula 1 and MotoGP. Formula 1 revenue increased by 53% to $617 million, driven by strong underlying growth and an additional race held during the quarter. MotoGP revenue also saw a substantial increase of 25%, reaching $94 million. Consolidated Liberty Media revenue increased to $711 million, and the company reported operating income of $64 million, a notable turnaround from the previous year's loss.
Key Highlights
- 1
Liberty Media's Formula 1 revenue increased by 53% to $617 million in the first quarter of 2026.
- 2
Formula 1 operating income was $107 million, a significant increase compared to the loss of $28 million in the same period last year.
- 3
Adjusted OIBDA for Formula 1 increased by 102% to $172 million in Q1 2026.
- 4
MotoGP revenue increased by 25% to $94 million in the first quarter.
- 5
MotoGP Adjusted OIBDA increased 60% to $16 million on a pro-forma basis.
- 6
Consolidated Liberty Media revenue increased to $711 million compared to $447 million in the prior year.
- 7
Liberty Media's consolidated operating income was $64 million, a significant improvement from the loss of $67 million in the first quarter of 2025.
Management Comments
Derek Chang
Liberty Media is off to a strong start in 2026, with sustained momentum across Formula 1 and the implementation of our long-term strategy for MotoGP. Formula 1 continues to demonstrate the strength of its global platform, with growing audiences and deepening fan engagement driving robust demand across all commercial elements. We are excited by the meaningful opportunities to expand MotoGP’s commercial reach over time. We remain focused on disciplined execution, investing behind our world-class brands and evaluating avenues for capital deployment to deliver long-term value for our shareholders.
Stefano Domenicali
We had a thrilling start to the season, both on and off the track, with increased overtaking and a highly competitive early season. We continue to see positive momentum across our business, including a strong start to our partnership with Apple in the U.S., a renewed multi-year agreement with our long-standing partner, Sky and the addition of new commercial relationships, including those with Standard Chartered and Marsh. We remain focused on continuing to evolve the sport – including strengthening how we connect with fans globally and working with the FIA and teams to make the racing product even better. Together, we are committed to delivering competitive racing and continuing our industry leading growth.
Carmelo Ezpeleta
The start of our season has reinforced the strength of MotoGP as a highly competitive championship with exciting racing to date, including unpredictable results such as Jorge Martin’s comeback and continuous, thrilling on-track action. Our focus remains on scaling globally as we continue investing across all commercial functions. We have officially begun our exclusive partnership with Quint to enhance our hospitality offerings and are working to complete our IRTA renewals ahead of next season.
Informational and educational content only. Not investment advice.