Segment Information (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Segment Information |
|
| Schedule of performance measures of segments |
| | | | | | | | | | | Three months ended | | | | September 30, 2026 | | | | | | | Corporate and | | | | | | Quint | | Other | | Total | | | | | amounts in thousands | | Revenue | | $ | 105,923 | | — | | 105,923 | | Cost of revenue | | | (85,807) | | — | | (85,807) | | Selling, general and administrative expenses (excluding stock-based compensation) | | | (18,615) | | (4,096) | | (22,711) | | Adjusted OIBDA | | $ | 1,501 | | (4,096) | | (2,595) | |
| | | | | | | | | | | Nine months ended | | | | September 30, 2026 | | | | | | | Corporate and | | | | | | Quint | | Other | | Total | | | | | amounts in thousands | | Revenue | | $ | 316,602 | | — | | 316,602 | | Cost of revenue | | | (254,271) | | — | | (254,271) | | Selling, general and administrative expenses (excluding stock-based compensation) | | | (51,988) | | (12,622) | | (64,610) | | Adjusted OIBDA | | $ | 10,343 | | (12,622) | | (2,279) | |
| | | | | | | | | | | Three months ended | | | | September 30, 2025 | | | | | | | Corporate and | | | | | | Quint | | Other | | Total | | | | | amounts in thousands | | Revenue | | $ | 61,729 | | — | | 61,729 | | Cost of revenue | | | (49,035) | | — | | (49,035) | | Selling, general and administrative expenses (excluding stock-based compensation) | | | (14,051) | | (7,178) | | (21,229) | | Adjusted OIBDA | | $ | (1,357) | | (7,178) | | (8,535) | |
| | | | | | | | | | | Nine months ended | | | | September 30, 2025 | | | | | | | Corporate and | | | | | | Quint | | Other | | Total | | | | | amounts in thousands | | Revenue | | $ | 247,391 | | — | | 247,391 | | Cost of revenue | | | (200,997) | | — | | (200,997) | | Selling, general and administrative expenses (excluding stock-based compensation) | | | (43,167) | | (16,695) | | (59,862) | | Adjusted OIBDA | | $ | 3,227 | | (16,695) | | (13,468) | |
|
| Schedule of other information by segment |
| | | | | | | | | September 30, 2026 | | | | | | | Investments | | | | Total | | in | | | | assets | | affiliates | | | | | amounts in thousands | | Quint | | $ | 498,246 | | — | | Corporate and other | | | 1,546,623 | | 689,213 | | Consolidated Liberty Live | | $ | 2,044,869 | | 689,213 | |
|
| Schedule of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) before income taxes |
| | | | | | | | | | | | | Three months ended | | Nine months ended | | | | September 30, | | September 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | amounts in thousands | | Consolidated segment Adjusted OIBDA | | $ | (2,595) | | (8,535) | | (2,279) | | (13,468) | | Stock-based compensation | | | (2,445) | | (1,725) | | (7,396) | | (3,668) | | Depreciation and amortization | | | (6,566) | | (6,531) | | (19,565) | | (19,588) | | Operating income (loss) | | | (11,606) | | (16,791) | | (29,240) | | (36,724) | | Interest expense | | | (7,599) | | (7,388) | | (22,626) | | (22,147) | | Dividend and interest income | | | 4,435 | | 4,042 | | 14,354 | | 12,526 | | Share of earnings (loss) of affiliates, net | | | 130,188 | | 125,156 | | 88,391 | | 198,052 | | Realized and unrealized gains (losses), net | | | 309,200 | | (175,735) | | (344,079) | | (481,559) | | Other, net | | | 1,590 | | (618) | | 1,015 | | (1,405) | | Earnings (loss) before income taxes | | $ | 426,208 | | (71,334) | | (292,185) | | (331,257) | |
|