$FWONA · Liberty Media Corp
Liberty Media filed its Q3 FY2026 10-Q. Motorsport revenue rose to $1.226B from $1.024B, operating income to $237M from $158M, and net income attributable to Liberty stockholders to $163M from $13M. Cash and equivalents climbed to $1.758B from $1.055B, while total debt rose to $5.529B from $5.100B.
- Motorsport revenue $1,226M versus $1,024M in Q3 2025.
- Operating income $237M versus $158M, a 50% increase.
- Net income attributable to Liberty stockholders $163M versus $13M.
- Cash and equivalents $1,758M versus $1,055M at year-end 2025.
- Nine-month revenue $2,871M versus $2,873M, essentially flat.
Shares closed +9.55% at $99.72 in the regular session; extended-hours last trade $99.55, a slight -0.17% fade from the close.
Q3 net income jumped twelvefold year-over-year on 13% revenue growth, but nine-month revenue was flat.
Liberty Media's Formula 1 and MotoGP assets drove the quarter; motorsport revenue growth contrasts with flat nine-month results.
The $475M 2.25% convertible notes due 2027 are now classified as current ($557M fair value), and foreign currency translation losses reached $155M over nine months.