FWONANasdaqTelevision Broadcasting StationsUS GAAP · USD

Liberty Media Corp

Liberty Media Corp is a U.S.-listed holding company whose current core businesses are motorsport and live entertainment, anchored by Formula 1 and MotoGP. The company has spent recent years separating legacy assets into standalone public companies and redeploying capital into sports and event properties with global audiences.

Kysy yhtiöstä
Liikevaihto4 482milj. USD
+22,7 %v/v
Liikevoitto (EBIT)577milj. USD
+109,1 %v/v
EBIT-marginaali12,9%
+5,3 %-yks.v/v
Nettotulos555milj. USD
+126,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

051015mrd USD2020: 9,4 mrd USD2020: EBIT 0,18 mrd USD20202021: 11,4 mrd USD2021: EBIT 2,0 mrd USD20212022: 12,2 mrd USD2022: EBIT 2,1 mrd USD20222023: 12,5 mrd USD2023: EBIT 2,1 mrd USD20232024: 3,7 mrd USD2024: EBIT 0,28 mrd USD20242025: 4,5 mrd USD2025: EBIT 0,58 mrd USD20254,50,58
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Liberty Media Corp

Liiketoiminta

Osuus liikevaihdosta
Formula 170 %

Commercial rights, race promotion economics, sponsorship, media, and hospitality tied to the Formula 1 championship.

MotoGP20 %

Commercial rights and event-related revenues from the MotoGP motorcycle racing series acquired in 2025.

Live entertainment investments5 %

Equity and strategic interests in live entertainment and event businesses, including prior Live Nation exposure.

Corporate and other5 %

Holding-company cash management, financing, and overhead not directly attributable to operating assets.

Tuotteet

Raportoitu · osuus liikevaihdosta
91,6%8,4%FY2025100 %
  • Motorsport91,6 %
  • Product Service or Other8,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Liberty sells to a mix of broadcasters, sponsors, promoters, venue partners, and fans through its motorsport properties rather than to a single end-market customer. Formula 1 and MotoGP monetize global audiences via media rights, sponsorship, race hosting, and hospitality, so the customer base is concentrated in commercial partners that value premium live sports inventory. The company also relies on event attendees and consumer demand for live entertainment experiences tied to its portfolio.

Media rights buyers

Broadcasters and streaming platforms buy Formula 1 and MotoGP rights to attract large, global sports audiences.

Sponsors and advertisers

Brands buy sponsorship and advertising inventory to associate with premium motorsport properties.

Race promoters and venue partners

Promoters and circuit operators buy event rights and commercial participation to host races and monetize attendance.

Fans and hospitality customers

Consumers buy tickets, premium hospitality, and related experiences for live race attendance.

Capital partners and counterparties

Investors, lenders, and strategic counterparties support acquisitions, financing, and portfolio transactions.

Strategia

Liberty is focused on building a portfolio of premium live sports and entertainment assets, with Formula 1 and MotoGP as the core operating platforms. Recent activity shows a capital-allocation strategy centered on acquisitions, debt service, and selective buybacks, funded by operating cash and subsidiary distributions. The company is also simplifying its structure through split-offs so management can concentrate on the remaining motorsport businesses.

Integrate and grow MotoGPKeskipitkä aikaväli

The acquisition broadens Liberty's motorsport platform and creates cross-property commercial opportunities.

Maximize Formula 1 cash generationLyhyt aikaväli

Formula 1 remains the main cash engine funding corporate uses, acquisitions, and debt obligations.

Simplify the portfolio and capital structureLyhyt aikaväli

Split-offs reduce complexity and allow management to focus on the remaining core assets.

Preserve liquidity and financial flexibilityLyhyt aikaväli

The business depends on access to cash, debt markets, and subsidiary distributions to fund obligations.

Maantiede

2025

Liberty’s operations are primarily headquartered in the U.K. and Spain, while its events and commercial relationships are global. Formula 1 and MotoGP generate demand across Europe, the Americas, Asia, and the Middle East, so the business is exposed to cross-border regulation, travel, and currency effects. The company’s corporate base is in the United States, but the operating footprint is international and event-driven.

UK85 %
USA8,5 %
Espanja6,9 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Liberty’s earnings depend heavily on the popularity and commercial strength of Formula 1 and MotoGP, so any decline in audience demand, sponsorship, or event execution can quickly affect cash flow. The company also faces leverage, acquisition-integration, regulatory, cybersecurity, and international tax risks because its model combines global live events with holding-company financing and cross-border operations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dependence on Formula 1 and MotoGP popularity1Acquisition and integration execution2Debt and liquidity pressure3International regulatory and tax exposure4Cybersecurity and systems disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dependence on Formula 1 and MotoGP popularityVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Commercial value comes from audience demand, sponsorship, and event monetization.

    Kohdistuu: Formula 1 and MotoGP

  2. Acquisition and integration executionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company is actively buying and integrating new motorsport assets, which can create operational and valuation risk.

    Kohdistuu: MotoGP acquisition and future investments

  3. Debt and liquidity pressureVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company relies on borrowing capacity, distributions, and capital markets access to fund obligations.

    Kohdistuu: Corporate and subsidiary financing

  4. International regulatory and tax exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operations span multiple countries with different competition, tax, and event regulations.

    KohdistuuU.KSpainGlobal event markets
  5. Cybersecurity and systems disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Event operations, partner systems, and confidential data depend on resilient information systems.

    Kohdistuu: Corporate systems and third-party vendors

Kysy Clarifolta: Liberty Media Corp

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

Formula 1 and MotoGP carry large goodwill balances that depend on future cash flow assumptions.

Vaikutus: A downturn in demand or valuation could trigger impairment charges.

Acquisition accounting for MotoGP

The 2025 acquisition requires fair value allocation of assets and liabilities.

Vaikutus: Can change depreciation, amortization, and reported earnings after closing.

Stock-based compensation

Equity awards create recurring non-cash compensation expense.

Vaikutus: Affects operating expense and earnings comparability.

Discontinued operations and split-offs

Recent portfolio separations change what is included in continuing operations.

Vaikutus: Makes historical comparisons less straightforward.

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Liberty Live Holdings, Inc.

LLYVA · Services-Amusement & Recreation Services

Liberty Global Ltd.

LBTYA · Cable & Other Pay Television Services

Liberty Latin America Ltd.

LILA · Cable & Other Pay Television Services

Liberty Broadband Corp

Cable & Other Pay Television Services

Motorsport Games Inc.

MSGM · Services-Prepackaged Software

Lingerie Fighting Championships, Inc.

BOTY · Services-Amusement & Recreation Services

Päivitetty: 24.9.2026