Earnings ·
Liberty Media Corporation reported second quarter 2026 financial results on August 6, 2026
FWONBLiberty Media Corp
Liberty Media Corporation reported second quarter 2026 financial results on August 6, 2026. Consolidated revenue decreased to $934 million from $1,341 million in the prior year period, driven by a calendar variance that reduced Formula 1 races from nine to five. Formula 1 operating income fell to $73 million and Adjusted OIBDA declined 61% to $139 million due to fewer events. MotoGP reported revenue of $170 million with an Adjusted OIBDA increase of 3% to $76 million on a pro-forma basis. The company also announced debt reductions, including $114 million in MotoGP repayments and new financing facilities. Liberty Media maintains a remaining share repurchase authorization of $1.1 billion as of August 1, 2026. The company operates in the global motorsports entertainment industry, owning and operating Formula 1 and MotoGP.