Liberty Media Corp FWONK
Liberty Media Corporation ("Liberty", the "Company", "we", "us" and "our"), through its subsidiaries, is primarily engaged in the motorsport and live entertainment industries with events held worldwide and operations primarily headquartered in the United Kingdom ("U.K.") and Spain. Our most significant subsidiaries include Delta Topco Limited (the parent company of Formula 1) ("Delta Topco") and MotoGP.
Braves Holdings, LLC ("Braves Holdings") was a subsidiary of the Company until the Atlanta Braves Holdings Split-Off (defined below) on July 18, 2023. Sirius XM Holdings Inc. ("Sirius XM Holdings") was a subsidiary of the Company until the Liberty Sirius XM Holdings Split-Off (defined below) on September 9, 2024. QuintEvents, LLC ("QuintEvents") was a subsidiary of the Company and Live Nation Entertainment, Inc. ("Live Nation") was an equity affiliate of the Company until the Liberty Live Split-Off (defined below) on December 15, 2025.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United Kingdom
- United States
- Spain
- Other
| Region | FY2025 |
|---|---|
| United Kingdom | $3.78B |
| United States | $378.0M |
| Spain | $310.0M |
| Other | $12.0M |
As the company reported it, from the “Information About Liberty's Operating Segments - Revenue and Long-Lived Assets by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.48B | $3.65B | $3.57B | $3.16B | $11.40B | $9.36B | $10.29B | $8.04B | $7.59B | $5.28B |
| Cost of revenue | — | — | — | — | — | — | — | — | $1.22B | — |
| Gross profit | — | — | — | — | — | — | — | — | $6.38B | — |
| SG&A | $514.0M | $421.0M | $659.0M | $393.0M | $1.91B | $1.75B | $1.80B | $1.18B | $1.15B | $886.0M |
| Total operating expenses | $3.90B | $3.37B | $3.31B | $3.02B | $9.42B | $9.19B | $8.82B | $6.53B | $6.20B | $3.54B |
| Operating income | $577.0M | $287.0M | $266.0M | $145.0M | $1.98B | $177.0M | $1.47B | $1.51B | $1.39B | $1.73B |
| Interest expense | $249.0M | $208.0M | $234.0M | $186.0M | $642.0M | $634.0M | $657.0M | $606.0M | $591.0M | $362.0M |
| Pre-tax income | $733.0M | -$24.0M | $97.0M | $707.0M | $789.0M | -$1.44B | $513.0M | $1.04B | $827.0M | $1.42B |
| Income tax | $137.0M | $44.0M | $24.0M | $202.0M | $45.0M | $44.0M | $166.0M | $176.0M | $1.06B | $495.0M |
| Net income | $555.0M | -$2.06B | $761.0M | $1.81B | $398.0M | -$1.42B | $106.0M | $531.0M | $1.35B | $680.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.05B | $2.63B | $1.41B | $1.88B | $2.81B | $2.88B | $1.31B | $452.0M | $1.05B | $572.0M |
| Receivables | $115.0M | $114.0M | $123.0M | $837.0M | $828.0M | $823.0M | $767.0M | $364.0M | $358.0M | $240.0M |
| Total current assets | $1.37B | $3.35B | $3.38B | $3.85B | $4.81B | $4.03B | $2.40B | $1.08B | $1.74B | $1.03B |
| Property, plant and equipment | — | — | — | — | — | — | $2.26B | $2.47B | $2.54B | $2.35B |
| Goodwill | $7.03B | $4.13B | $3.96B | $4.13B | $19.25B | $19.22B | $19.94B | $18.39B | $18.38B | $14.35B |
| Other intangibles | $5.10B | $2.69B | $2.86B | $4.29B | $4.80B | $5.38B | $5.94B | $5.71B | $6.19B | $1.07B |
| Total assets | $15.40B | $13.00B | $41.33B | $42.46B | $44.35B | $44.00B | $44.19B | $40.83B | $42.00B | $31.38B |
| Accounts payable | $575.0M | $649.0M | $474.0M | $1.86B | $1.83B | $1.58B | $1.62B | $1.12B | $1.25B | $985.0M |
| Short-term debt | $52.0M | $26.0M | $106.0M | $1.68B | $2.89B | $743.0M | $60.0M | $17.0M | $768.0M | $5.0M |
| Total current liabilities | $939.0M | $1.13B | $4.74B | $5.41B | $6.61B | $4.49B | $3.89B | $3.24B | $3.98B | $2.87B |
| Long-term debt | $5.05B | $2.97B | $4.12B | $14.95B | $15.70B | $16.69B | $15.42B | $13.37B | $13.19B | $8.01B |
| Total liabilities | $6.95B | $5.95B | $21.88B | $23.34B | $25.51B | $24.40B | $22.26B | $19.13B | $19.42B | $13.66B |
| Retained earnings | $7.79B | $7.18B | $15.06B | $14.59B | $12.72B | $12.32B | $13.75B | $13.64B | $13.08B | $11.73B |
| Total equity | $7.76B | $7.03B | $19.45B | $19.13B | $18.26B | $19.60B | $21.93B | $21.70B | $22.57B | $17.72B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $908.0M | $567.0M | $651.0M | $578.0M | $2.44B | $1.73B | $2.31B | $2.16B | $1.73B | $2.17B |
| Depreciation and amortisation | $71.0M | $62.0M | $79.0M | $73.0M | $270.0M | $268.0M | $271.0M | $251.0M | $230.0M | $186.0M |
| Stock-based compensation | $21.0M | $30.0M | $27.0M | $28.0M | $256.0M | $261.0M | $312.0M | $192.0M | $230.0M | $150.0M |
| Capital expenditure | $119.0M | $75.0M | $461.0M | $309.0M | $440.0M | $452.0M | $510.0M | $403.0M | $517.0M | $568.0M |
| Investing cash flow | -$3.20B | -$292.0M | -$545.0M | $447.0M | -$689.0M | -$736.0M | $314.0M | -$370.0M | -$3.14B | -$1.26B |
| Financing cash flow | $694.0M | $965.0M | -$605.0M | -$1.44B | -$1.70B | $574.0M | -$1.77B | -$2.38B | $1.88B | -$546.0M |
| Buybacks | — | — | — | $37.0M | $555.0M | $318.0M | $443.0M | $466.0M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020653.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.28B | $7.59B | $8.04B | $10.29B | $9.36B | $11.40B | $3.16B | $3.57B | $3.65B | $4.48B |
| Gross profit | — | $6.38B | — | — | — | — | — | — | — | — |
| Net income | $680.0M | $1.35B | $531.0M | $106.0M | -$1.42B | $398.0M | $1.81B | $761.0M | -$2.06B | $555.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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