Liberty Media Corporation reported its financial results for the third quarter of 2025. The company, listed on NASDAQ under the tickers FWONA, FWONK, LLYVA, and LLYVK (tracking stocks representing the Formula One Group and Liberty Live Group, with “A” shares carrying voting rights and “K” shares non-voting), reported solid performance attributed primarily to its Formula One Group.
Key Developments
Liberty Media renewed long-term agreements with several Grand Prix events: Austin Grand Prix through 2034, Azerbaijan Grand Prix through 2030, and Monaco Grand Prix through 2035.
The company also announced a new U.S. broadcast partnership with Apple Inc (NASDAQ:AAPL), coinciding with the successful release of “F1 The Movie,” which generated approximately $630 million in global box-office revenue, becoming Apple’s largest film to date.
MotoGP Integration
In MotoGP news, Liberty Media completed its acquisition on July 3, 2025, and reported Q3 MotoGP revenue of $169 million, operating income of $28 million, and Adjusted OIBDA of $66 million, slightly down year-over-year due to increased costs and currency headwinds. The company also refinanced debt facilities related to MotoGP to strengthen its financial structure.
Liberty Live Group
As of September 30, 2025, Liberty Live Group’s fair-value investment in Live Nation Entertainment stood at $11.4 billion. A special shareholder meeting is scheduled for December 5, 2025, to vote on the planned split-off of Liberty Live Group, which is anticipated to close on December 15.
Financial Results
For the Formula One Group, operating income rose to $168 million, up from $146 million a year earlier, while Adjusted OIBDA increased to $234 million from $221 million. Across its divisions, Liberty Media reported continued revenue growth supported by sponsorship, media, and event income.
#Investor Takeaway
The Q3 2025 results highlight Liberty Media’s continued growth momentum, expanded partnerships, and solid execution following the integration of MotoGP and new long-term event agreements.
#Market Impact
Liberty Media’s robust quarterly performance and its new broadcast deal with Apple are expected to boost investor sentiment and support positive market performance, underscoring the company’s strategic strength across its entertainment and sports assets.
#What’s Next
Investors should monitor the December 5 virtual shareholder meeting regarding the Liberty Live Group split-off and its implications for Liberty Media’s future structure and valuation.