v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 934 $ 1,341 $ 1,645 $ 1,788
Operating costs and expenses:        
Selling, general and administrative, including stock-based compensation 129 111 251 212
Acquisition costs   3   14
Depreciation and amortization 112 80 224 157
Total operating costs and expenses 846 1,061 1,493 1,575
Operating income (loss) 88 280 152 213
Other income (expense):        
Interest expense (68) (49) (136) (97)
Realized and unrealized gains (losses) on financial instruments, net (1) 160 56 235
Other, net 14 68 19 99
Total other income (expense) (55) 179 (61) 237
Earnings (loss) from continuing operations before income taxes 33 459 91 450
Income tax (expense) benefit (25) (73) (30) (47)
Net earnings (loss) from continuing operations 8 386 61 403
Net earnings (loss) from discontinued operations   (182)   (194)
Net earnings (loss) 8 204 61 209
Less net earnings (loss) attributable to the redeemable noncontrolling interests 3   (1)  
Net earnings (loss) attributable to Liberty stockholders 5 204 62 209
Formula One Group        
Other income (expense):        
Net earnings (loss) attributable to Liberty stockholders 5 382 62 404
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ 5 $ 382 $ 62 $ 404
Basic net earnings (loss) attributable to Liberty stockholders per common share        
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.02 $ 1.53 $ 0.25 $ 1.62
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.02 $ 1.52 $ 0.05 $ 1.55
Liberty Live Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders:   $ 4   $ (1)
Net earnings (loss) from discontinued operations attributable to Liberty stockholders:   $ (182)   $ (194)
Basic net earnings (loss) attributable to Liberty stockholders per common share        
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share   $ 0.05   $ (0.01)
Basic net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share   (1.98)   (2.11)
Diluted net earnings (loss) attributable to Liberty stockholders per common share:        
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share   0.05   (0.01)
Diluted net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share   $ (1.98)   $ (2.11)
Motorsport        
Revenue:        
Total revenue $ 934 $ 1,203 $ 1,645 $ 1,603
Operating costs and expenses:        
Cost of services $ 605 779 $ 1,018 1,065
Other        
Revenue:        
Total revenue   138   185
Operating costs and expenses:        
Cost of services   $ 88   $ 127