27 Aug Liberty Media Corporation Reports Second Quarter 2026 Financial and Operating Results
Formula 1
- With 4 fewer races held for the three months ended June 30, 2026, revenue decreased 38% to $764 million, operating income was $73 million and Adjusted OIBDA(2) decreased 61% to $139 million as compared to the same period in 2025
- With 3 fewer races held for the six months ended June 30, 2026, revenue decreased 15% to $1,381 million, operating income was $180 million and Adjusted OIBDA decreased 30% to $311 million as compared to the same period in 2025
- The first half of the year recognized season-based revenue and costs with respect to an assumed 22-race calendar
- Rescheduled Bahrain Grand Prix to be held in Malaysia in October, increasing assumed calendar to 23 races
- Announced 10-year extension of the Las Vegas Grand Prix through 2037
- Extended Pirelli partnership through 2028
- Renewed broadcast agreement with ServusTV in Austria in a multi-year agreement
MotoGP
- For the three months ended June 30, 2026, MotoGP revenue decreased 2% to $170 million, operating income was $37 million and Adjusted OIBDA(2) increased 3% to $76 million on a USD and pro-forma basis as if the acquisition closed on January 1, 2024(3), with 7 races held in each period
- For the six months ended June 30, 2026, MotoGP revenue increased 6% to $264 million, operating income was $13 million and Adjusted OIBDA increased 10% to $92 million on a USD and pro-forma basis as if the acquisition closed on January 1, 2024, with 10 races held in each period
- Re-priced MotoGP debt facilities and funded $114 million debt reduction
- Signed new 5-year agreements with all manufacturers and teams through 2031, providing alignment and a shared long-term vision for growing the sport
- Renewed agreements with Malaysia through 2031 and Silverstone through 2028
- Extended broadcast agreements with DAZN in Spain and Sky DACH covering Austria, Germany and Switzerland in multi-year agreements
- Announced CAA as global sponsorship agency
“Demand for our brands remains robust and resilient and we are continuing to find creative solutions to deal with global uncertainties. We are one year into our ownership of MotoGP and remain encouraged by the opportunities to grow the sport globally while Formula 1’s expanding reach and deepening fan engagement continue to support strong commercial momentum. Disciplined capital allocation remains a core priority as we evaluate strategic investment opportunities to enhance long-term shareholder value,” said Derek Chang, Liberty Media President and CEO.
Commenting on F1 Operating Results, Derek Land said – “This season has showcased the very best of our sport with competitive racing and fascinating storylines that are driving strong fan engagement with attendance, audiences and digital impressions all up season-to-date. Our sport continues to demonstrate its adaptability and creativity – the Bahrain Grand Prix for 2026 will be hosted in Malaysia following the agreement announced last week,” said Stefano Domenicali, Formula 1 President and CEO. “Our partnership with Apple continues yielding positive engagement, with viewership up year-over-year, season-to-date and total hours watched up 13%. We continue to see momentum across our business, including signing a landmark 10-year extension in Las Vegas and working with well-respected partners such as ServusTV and Pirelli. We remain focused on strengthening the foundation of our sport together with the teams and the FIA to deliver the best possible experience for our fans around the world, both on and off track.”
On MotoGP Operating Results, he continued; “We are thrilled by the strong competition on track, with some of the tightest performances between riders in the sport’s history. We have successfully signed our new agreements with all manufacturers and teams through 2031, an important milestone which provides the necessary foundation to grow the sport collectively,” said Carmelo Ezpeleta, MotoGP CEO. “Additionally, we have appointed CAA as our global sponsorship agency to accelerate our commercial pipeline and have renewed with multiple promoter and broadcast partners across Europe and Asia as we continue investing to drive our sport’s long-term global growth.”
The financial results tables and full article is available here