Loading...
•
Jun 30
Liberty Formula One Q2 2025 Earnings Report
Liberty Formula One reported strong second quarter 2025 financial results, driven by increased revenue across all segments and significant growth in operating income and Adjusted OIBDA.
Key Takeaways
Liberty Formula One delivered an excellent performance in Q2 2025, with total revenue reaching $1.341 billion, a substantial increase from the previous year. The company saw significant growth in operating income and Adjusted OIBDA, primarily due to an additional race in the quarter and strong commercial momentum, including new partnerships and increased fan engagement. The acquisition of MotoGP was completed post-quarter, signaling future expansion.
Total Formula One Group revenue increased by 35.7% to $1.341 billion in Q2 2025, compared to $988 million in Q2 2024.
Operating income for the Formula One Group surged by 374.6% to $280 million, up from $59 million in the prior year period.
Adjusted OIBDA for the Formula One Group grew by 123.6% to $369 million, compared to $165 million in Q2 2024.
The increase in revenue was primarily driven by an additional race in the quarter, contractual increases in fees, new sponsors, and growth in F1 TV subscriptions and hospitality experiences.
Liberty Formula One
Liberty Formula One
Liberty Formula One Revenue by Segment
Revenue by Segment
Formula 1 Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.comTotal Formula One Group Revenue
CapyFin.com Forward Guidance
Liberty Media expects continued strong performance for Formula 1, driven by ongoing commercial momentum and strategic initiatives. The recent acquisition of MotoGP is anticipated to contribute to future growth, with integration efforts underway.
Positive Outlook
- Completion of MotoGP acquisition on July 3rd, expected to consolidate financial results going forward.
- Renewal of Canadian Grand Prix agreement through 2035 and Austrian Grand Prix through 2041, securing long-term revenue streams.
- Secured PepsiCo as a new Official Partner of F1 through 2030 and extended Global Partnership with MSC Cruises through 2030.
- New licensing agreement with Disney’s Mickey & Friends beginning in 2026, expanding brand reach.
- F1 The Movie's global success as Apple’s highest-grossing film ever, enhancing brand visibility and fan engagement.
Challenges Ahead
- Initial accounting for the MotoGP acquisition is not yet reflected in the current financial results, indicating potential future impacts.
- The different order of events in the 2025 calendar compared to 2024 will impact year-over-year revenue and cost comparisons on a quarterly basis.
- Increased operating expenses, including team payments, freight costs, and marketing expenses, are expected to continue with growth.
- No specific negative forward-looking statements were explicitly mentioned in the report.
- The report does not provide specific negative financial guidance or outlook.