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Liberty Media Corporation Reports Second Quarter 2025 Financial Results
ENGLEWOOD, Colo.--(BUSINESS WIRE)-- Liberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) today reported second
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[{"type":"text","content":" ENGLEWOOD, Colo.--(BUSINESS WIRE)--\nLiberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) today reported second quarter 2025 results. Headlines include(1):\n\n\n\nAttributed to Formula One Group\n\n\nCompleted acquisition of MotoGP on July 3rd\n\n\n\nRenewed agreement with Canadian Grand Prix through 2035 with a long-term extension to Bell Media’s media rights deal and renewed Austrian Grand Prix through 2041\n\n\n\nSecured PepsiCo as new Official Partner of F1 through 2030 and extended Global Partnership with MSC Cruises through 2030\n\n\n\nAnnounced new licensing agreement with Disney’s Mickey & Friends beginning in 2026\n\n\n\nF1 The Movie opened globally on June 27th and is Apple’s highest-grossing film ever\n\n\n\n\n\n\nAttributed to Liberty Live Group\n\n\nFair value of Live Nation investment was $10.5 billion as of June 30th\n\n\n\nFiled preliminary proxy statement on July 25th, expect to complete split-off in fourth quarter 2025\n\n\n\n\n\n\n“We made excellent progress since last quarter on our stated priorities, including completing the acquisition of MotoGP, advancing the split-off of Liberty Live and continuing excellent financial and operating results at Formula 1,” said Derek Chang, Liberty Media President & CEO. “Formula 1’s global strength continues to drive commercial momentum and financial success, with new partners signed and record fan engagement demonstrating the breadth and appeal of the brand. We are thrilled to begin our partnership with the MotoGP management team and, while early days, are working closely with them to support their strategic direction and accelerate the company’s growth.”\n\n\nCorporate Updates\n\n\nOn July 3, 2025, Liberty Media completed the acquisition of Dorna Sports, S.L. (“MotoGP”), the exclusive commercial rights holder of the MotoGP™ World Championship, and will consolidate its financial results from that point forward. Following the acquisition, Liberty Media owns approximately 84% of MotoGP with MotoGP management retaining 16% of the business. MotoGP is attributed to the Formula One Group tracking stock. Due to the timing of the acquisition, the initial accounting for the acquisition is not reflected in the below financial results.\n\n\nDiscussion of Results\n\n\nUnless otherwise noted, the following discussion compares financial informa...