$FWONA · Liberty Media Corp
Liberty Media reported Q3 2026 results via 8-K Item 2.02. Consolidated revenue was $1.226B, up from $1.085B a year earlier, driven by Formula 1 revenue up 28% to $1,115M and Adjusted OIBDA up 44% to $338M. MotoGP revenue fell 34% to $111M on a pro-forma basis due to two fewer races. Net earnings attributable to Liberty stockholders rose to $163M from $13M. Separately, Liberty acquired all Series B shares from Dr. John Malone, cutting his voting power to approximately 3%.
- F1 revenue rose 28% to $1,115M in Q3 2026 on one additional race.
- F1 Adjusted OIBDA increased 44% to $338M; operating income was $270M.
- MotoGP revenue fell 34% to $111M with two fewer races held.
- Net earnings attributable to Liberty stockholders rose to $163M from $13M.
- Malone's voting power declined to approximately 3% after Series B share exchange.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
F1's accelerating profitability and the Malone voting-power simplification mark a pivotal quarter for Liberty Media's capital structure and core asset.
F1's 28% revenue growth and 44% Adjusted OIBDA gain underscore strong live-sports monetization, while the MotoGP integration remains a drag pending calendar normalization.
MotoGP revenue and Adjusted OIBDA declined sharply on a pro-forma basis, and calendar variability (one fewer 2026 race vs 2025) distorts year-over-year comparisons. Additional calendar changes may be necessary.