Earnings ·
Liberty Media reports Q3 revenue of $1.23B and issues $690M convertible notes
FWONALiberty Media Corp
Liberty Media reported third-quarter 2026 consolidated revenue of $1.23 billion, a 13% increase from the prior year period, driven by Formula 1's 28% revenue growth to $1.12 billion despite calendar variability. Operating income rose to $237 million, while Adjusted OIBDA increased 19% to $353 million. MotoGP results declined due to holding two fewer races in the quarter. The company also announced it acquired all Series B common stock held by Dr. John Malone and related entities in exchange for Series A and C shares, reducing his voting power to approximately 3%. Additionally, Liberty Media issued $690 million of 2.375% convertible senior notes due 2032 to repay existing debt and fund general corporate purposes. The company operates as a global media and entertainment holding company with significant investments in Formula 1 and MotoGP.