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Dec 31, 2025
Liberty Formula One Q4 2025 Earnings Report
Liberty Media Corporation reported its fourth quarter and year end 2025 financial results, highlighting the integration of MotoGP and strong Formula 1 growth.
Key Takeaways
Liberty Media delivered a strong Q4 2025, with consolidated revenue growing 38% to $1.6 billion and operating income increasing significantly to $206 million. The results were bolstered by an additional Formula 1 race in the quarter and the inclusion of MotoGP results following its acquisition. Formula 1 continued its growth trajectory with increased fan attendance and viewership, while the company completed the split-off of Liberty Live Holdings in December.
Consolidated revenue for Q4 increased 38% year-over-year to $1.61 billion, driven by F1 growth and the MotoGP acquisition.
Formula 1 revenue in Q4 rose 22% to $1.38 billion, aided by one additional race compared to the prior year period.
MotoGP contributed $156 million in revenue and $51 million in Adjusted OIBDA during the fourth quarter.
The company successfully completed the split-off of Liberty Live Holdings on December 15, 2025, streamlining its corporate structure.
Revenue by Segment
Forward Guidance
Management is focused on sustaining Formula 1's momentum and positioning MotoGP for future growth following the 2025 acquisition.
Positive Outlook
- Return of the Portugal Grand Prix in 2027 and 2028.
- Extension of the Barcelona-Catalunya Grand Prix through 2032.
- Concorde Agreement signed with all teams through 2030.
- New race in Madrid and debut of Cadillac and Audi in upcoming seasons.
- Relocation of Argentinian Grand Prix to Buenos Aires next season.
Challenges Ahead
- Potential translational impacts from foreign exchange fluctuations in MotoGP.
- Increased team payments driven by higher F1 profitability.
- Higher personnel and marketing costs associated with F1 events.
- Seasonality of Quint revenue impacting quarterly consistency.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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