| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 934.00 | 31.4% | 30.4% |
| Total Income | 934.00 | 31.4% | 30.4% |
| Expenditure | 846.00 | 30.8% | 20.8% |
| PBT | 33.00 | 43.1% | 85.5% |
| Net Profit | 5.00 | 91.2% | 97.5% |
| OPM | 9.42% | 0.42pp | 10.94pp |
| NPM | 0.54% | 7.48pp | 14.68pp |
| EPS | — |
Liberty Media Reports Q2 2026 Results
07 Aug 2026 · 7 Aug, 1:54 am
Summary
Liberty Media reported second quarter 2026 consolidated revenue of $934 million, down from $1,341 million in the prior year, impacted by fewer races in Formula 1 and a slight decrease in MotoGP revenue. Consolidated Adjusted OIBDA also declined to $206 million from $369 million year-over-year. Management highlighted robust demand for its brands and continued efforts to grow the sport globally, with Formula 1 seeing strong fan engagement and MotoGP signing key long-term agreements.
Key Highlights
- 1
Liberty Media reported consolidated revenue of $934 million for the second quarter of 2026, a decrease from $1,341 million in the same period of 2025.
- 2
Formula 1 revenue decreased 38% to $764 million for the three months ended June 30, 2026, compared to the prior year, primarily due to four fewer races held.
- 3
MotoGP revenue decreased 2% to $170 million for the three months ended June 30, 2026, on a USD and pro-forma basis, with 7 races held in each period.
- 4
Consolidated Adjusted OIBDA for Liberty Media was $206 million for the second quarter of 2026, down from $369 million in the prior year.
- 5
Formula 1 announced a 10-year extension of the Las Vegas Grand Prix through 2037 and extended its Pirelli partnership through 2028.
- 6
MotoGP signed new 5-year agreements with all manufacturers and teams through 2031 and appointed CAA as its global sponsorship agency.
- 7
Total debt decreased to $4,855 million as of June 30, 2026, from $4,989 million as of March 31, 2026.
Management Comments
Derek Chang
Demand for our brands remains robust and resilient and we are continuing to find creative solutions to deal with global uncertainties. We are one year into our ownership of MotoGP and remain encouraged by the opportunities to grow the sport globally while Formula 1’s expanding reach and deepening fan engagement continue to support strong commercial momentum. Disciplined capital allocation remains a core priority as we evaluate strategic investment opportunities to enhance long-term shareholder value.
Stefano Domenicali
This season has showcased the very best of our sport with competitive racing and fascinating storylines that are driving strong fan engagement with attendance, audiences and digital impressions all up season-to-date. Our sport continues to demonstrate its adaptability and creativity – the Bahrain Grand Prix for 2026 will be hosted in Malaysia following the agreement announced last week. Our partnership with Apple continues yielding positive engagement, with viewership up year-over-year, season-to-date and total hours watched up 13%. We continue to see momentum across our business, including signing a landmark 10-year extension in Las Vegas and working with well-respected partners such as ServusTV and Pirelli. We remain focused on strengthening the foundation of our sport together with the teams and the FIA to deliver the best possible experience for our fans around the world, both on and off track.
Carmelo Ezpeleta
We are thrilled by the strong competition on track, with some of the tightest performances between riders in the sport’s history. We have successfully signed our new agreements with all manufacturers and teams through 2031, an important milestone which provides the necessary foundation to grow the sport collectively. Additionally, we have appointed CAA as our global sponsorship agency to accelerate our commercial pipeline and have renewed with multiple promoter and broadcast partners across Europe and Asia as we continue investing to drive our sport’s long-term global growth.
Informational and educational content only. Not investment advice.