Liberty Media's Q4 2024 results reflect a decrease in Formula One Group's revenue and operating income, offset by growth in corporate and other revenues. The fair value of Live Nation investment increased, contributing to Liberty Live Group's assets. Overall, the company is focusing on strategic priorities for 2025, including the MotoGP acquisition and Liberty Live structure.
Formula 1 fan attendance reached 6.5 million in 2024, up 9% compared to 2023.
Several race promotion agreements were renewed, extending key races through 2031.
Liberty Media extended the date for regulatory approval of the MotoGP acquisition to June 30, 2025.
Fair value of Live Nation investment was $9.0 billion as of December 31, 2024.
Liberty Media is optimistic about 2025, focusing on capitalizing on Formula 1's success, closing the acquisition of MotoGP, and addressing the Liberty Live structure to drive shareholder value.