Liberty Media Corporation Reports First Quarter 2025 Financial Results

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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 first quarter 2025 results. Headlines include(1):\n\n\nAttributed to Formula One Group\n\n\nRenewed agreements for Mexico Grand Prix through 2028 and Miami Grand Prix through 2041\n\n\nSecured new sponsorship deals including Barilla Pasta and PWC as Official Partners\n\n\nFormula 1 and all ten teams signed 2026 Concorde Commercial Agreement\n\n\nGrand Prix Plaza in Las Vegas opened to the public on May 2nd, providing immersive F1 attractions year-round\n\n\nLiberty continues to work constructively with the European Commission on regulatory process for the MotoGP acquisition\n\n\n\n\nAttributed to Liberty Live Group\n\n\nFair value of Live Nation investment was $9.1 billion as of March 31st\n\n\n\n\n“2025 is off to a strong start. Formula 1 is benefiting from exciting racing on the track and financial momentum underpinned by new commercial partnerships that took effect this year,” said Derek Chang, Liberty Media President & CEO. “We believe Formula 1’s contracted and diversified revenue streams position it well against the current macro and consumer backdrop. The business fundamentals remain strong and we’re confident in our ability to deliver long-term value. At Live Nation, strong first quarter results and key forward indicators are pointing to another record year ahead with sustained demand for live music and continued growth in the global experience economy.”\n\nDiscussion of Results\n\nUnless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2025 to the same period in 2024.\n\nFORMULA ONE GROUP – The following table provides the financial results attributed to Formula One Group for the first quarter of 2025. In the first quarter, Formula One Group incurred $14 million of corporate level selling, general and administrative expense (including stock-based compensation expense).\n\nThe businesses and assets attributed to Formula One Group consist primarily of Liberty Media’s subsidiaries, F1 and Quint.\n\n\n\n \n\n\n\n \n\n\n\n1Q24\n\n\n\n \n\n\n\n1Q25\n\n\n\n\n\n \n\n\n\n \n\n\n\namounts in millions\n\n\n\n\n\nFormula One Group\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n \n\n\n\n...

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