Liberty Media's Q2 Revenue Rises to $1.34B

Liberty Media's Q2 revenue rose to $1.34B, exceeding the estimated $1.25B. The company completed the acquisition of a 84% stake in Dorna Sports, the rights holder of MotoGP. Formula One Group was added to several Russell indexes, including the Russell 1000 Value-Defensive Index and Russell 1000 Growth-Defensive Index.

Liberty Media Corporation (FWONA, FWONK, LLYVA, LLYVK) reported its second quarter 2025 earnings, with total revenue reaching $1.34 billion, surpassing FactSet estimates of $1.25 billion [1]. The company's strong performance was driven by robust results from its Formula One Group and Liberty Live Group segments.

Formula One Group

The Formula One Group, which includes F1 and Quint, contributed significantly to the company's revenue growth. Formula One Group's revenue increased primarily due to calendar variance, resulting in additional race promotion revenue and higher sponsorship and media rights revenue. The group also benefited from new sponsors and the release of the F1 movie, which generated substantial one-time revenue.

Liberty Live Group

Liberty Live Group, which includes the company's interest in Live Nation and other minority investments, also saw an increase in revenue. The group's corporate level selling, general and administrative expense increased, but this was offset by growth in revenue from its operations.

MotoGP Acquisition

Liberty Media completed the acquisition of Dorna Sports, S.L., the exclusive commercial rights holder of the MotoGP™ World Championship, acquiring approximately 84% of the business. This acquisition is expected to accelerate the company's growth and will be consolidated into the Formula One Group's financial results moving forward.

Russell Index Inclusion

Formula One Group was added to several Russell indexes, including the Russell 1000 Value-Defensive Index and Russell 1000 Growth-Defensive Index. This inclusion is likely to attract additional institutional investors and further enhance the company's visibility in the market.

Financial Performance

Total cash and cash equivalents attributed to Formula One Group increased by $307 million during the second quarter, primarily due to net cash from operations at F1 and proceeds from the partial settlement of derivative contracts related to MotoGP transaction financing. Total debt remained relatively flat.

Looking Ahead

Liberty Media is expected to discuss its earnings release on a conference call on August 7, 2025 [2]. The company's strong Q2 performance suggests a positive outlook for the remainder of the year, driven by its Formula One Group and the newly acquired MotoGP rights.

References

[1] https://www.marketscreener.com/news/earnings-flash-fwona-fwonk-llyva-llyvk-liberty-media-posts-q2-total-revenue-1-34b-vs-factset-ce7c5edfdc88ff26

[2] https://finance.yahoo.com/news/liberty-media-corporation-reports-second-121500685.html