Liberty Media Corp

Liberty Media Corporation announced the pricing and sale of $690 million aggregate principal amount of 2.375% Senior Convertible Notes due 2032. The notes, which include an option exercised in full by initial purchasers, have an initial conversion price of $138.68 per share of FWONK. The company expects to receive approximately $680 million in net proceeds, which will be used to fund capped call transactions related to its 2027 Notes and for general corporate purposes, including the repayment of the 2027 Notes.

Liberty Media Corporation announced a proposed private offering of $600 million aggregate principal amount of convertible senior notes due 2032. The company also expects to grant initial purchasers an option to buy up to an additional $90 million in notes. Proceeds from the offering are intended for capped call transactions related to its 2.25% Convertible Senior Notes due 2027, as well as for working capital, general corporate purposes, and the repayment of the 2027 Notes.

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.

Liberty Media reported Q2 2026 net earnings attributable to stockholders of $5 million, a significant decrease from $204 million in Q2 2025. Basic EPS for Liberty Formula One common stock fell to $0.02 from $1.53. Total revenue for the quarter decreased to $934 million from $1,341 million. The company completed the Liberty Live Split-Off in December 2025 and acquired MotoGP in July 2025, impacting year-over-year comparisons.

Liberty Media Corporation announced it will host a conference call to discuss its second quarter 2026 financial results. The call is scheduled for Thursday, August 6th, at 10:00 a.m. E.T. The company will issue a press release with the results before market open on the same day, and the call will cover financial performance, outlook, and other forward-looking matters.

Liberty Media Corporation announced that its indirect subsidiary, MotoGP Sports Entertainment Group, S.L., completed the repricing of its first lien Term Loan B, Term Loan A, and revolving credit facility. This action resulted in a net reduction of approximately $114 million equivalent in debt, funded by MotoGP's balance sheet cash. The repricing also lowered the interest margin for the Term Loan B and adjusted the ranges for Term Loan A and the revolving credit facility, improving MotoGP's financial structure and leverage ratio.

Liberty Media Corporation has completed its reincorporation from Delaware to Nevada, effective May 12, 2026, following stockholder approval on May 11, 2026. This change means the company's affairs are now governed by Nevada law and its new articles of incorporation and bylaws. A significant outcome of this reincorporation is the elimination of the tracking stock structure for its Series A, B, and C Liberty Formula One common stock, with existing shares converting to corresponding Nevada corporation shares. The reincorporation did not alter the company's headquarters, business, management, assets, liabilities, or net worth, apart from associated costs.

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.

Liberty Media Corporation reported a significant increase in its first-quarter 2026 financial results, with total revenue rising to $711 million from $447 million in the prior year. The company swung to an operating income of $64 million from an operating loss of $67 million, and net earnings attributable to Liberty stockholders grew to $57 million from $5 million. These improvements are largely attributed to the acquisition of MotoGP in July 2025 and the strong performance of its motorsport segment. The Liberty Live Group was split off in December 2025 and is now presented as discontinued operations.

Liberty Media Corporation announced it will host a conference call to discuss its first-quarter 2026 financial results. The call is scheduled for Thursday, May 7th, at 10:00 a.m. E.T. A press release detailing the results will be issued before market trading opens on the same day, and management will host a Q&A session.