FWONA on Nasdaq

Liberty Media Corp

American television broadcasting stations company, incorporated in Nevada. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

$4.5BRevenue, fiscal 20252
$555.0MNet income, fiscal 20252

Compare with Nexstar Media Group, Sinclair Broadcast Group or Gray Media, or pick any stock.

  • TickerFWONA on Nasdaq1
  • IndustryTelevision Broadcasting Stations1
  • HeadquartersEnglewood, Colorado1
  • Incorporated inNV3
  • Business address12300 Liberty Boulevard, Englewood, Co 801123
  • Filer categoryLarge accelerated filer3

Liberty Media Corporation (“Liberty”, the “Company”, “we”, “us” and “our”), through its subsidiaries, is primarily engaged in the motorsport and live entertainment industries with events held worldwide and operations primarily headquartered in the United Kingdom (“U.K.”) and Spain. Our most significant subsidiaries include Delta Topco Limited (the parent company of Formula 1) (“Delta Topco”) and MotoGP.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.9%Operating margin2
12.4%Net margin2
22.7%Revenue growth, 20252
7.2%Return on equity2
0.65×Debt to equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Motorsport brought in 92% of the revenue Liberty Media Corp broke down this way in fiscal 2025.

  1. Motorsport$4.1B292%up 24% from 2024
  2. Other$377.0M28%up 13% from 2024
Products and services by year
Products and services202320242025
Motorsport$3.2B$3.3B$4.1B
Other$350.0M$335.0M$377.0M

Business segments

Formula 1 brought in 92% of the revenue Liberty Media Corp broke down this way in fiscal 2025.

  1. Formula 1$3.9B292%up 14% from 2024
  2. Motogp$325.0M28%
Business segments by year
Business segments202320242025
Formula 1$3.2B$3.4B$3.9B
Motogp$325.0M

Regions

United Kingdom brought in 84% of the revenue Liberty Media Corp broke down this way in fiscal 2025.

  1. United Kingdom$3.8B284%up 14% from 2024
  2. United States$378.0M28%up 13% from 2024
  3. Spain$310.0M27%
  4. Other Countries$12.0M20%
Regions by year
Regions202320242025
United Kingdom$3.2B$3.3B$3.8B
United States$350.0M$335.0M$378.0M
Spain$310.0M
Other Countries$12.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin11¢$514.0M
  • Other costs73¢$3.3B
  • Income tax3¢$137.0M
  • Profit12¢$555.0M

Out of $4.5B in revenue.2

Financial statements

Revenue567892$4.5B in 2025−44% since 2018
0$5.0B$10.0B$15.0B2018: $8.0B$8.0B20182019: $10.3B$10.3B2019+28%2020: $9.4B$9.4B2020−9%2021: $11.4B$11.4B2021+22%2022: $3.2B$3.2B2022−72%2023: $3.6B$3.6B2023+13%2024: $3.7B$3.7B2024+2%2025: $4.5B$4.5B2025+23%
Operating income567892$577.0M in 2025−62% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $1.5B$1.5B20182019: $1.5B$1.5B2019−3%2020: $177.0M$177.0M2020−88%2021: $2.0B$2.0B2021+1017%2022: $145.0M$145.0M2022−93%2023: $266.0M$266.0M2023+83%2024: $287.0M$287.0M2024+8%2025: $577.0M$577.0M2025+101%
Net income567892$555.0M in 2025+5% since 2018
-$3.0B-$2.0B-$1.0B0$1.0B$2.0B2018: $531.0M$531.0M20182019: $106.0M$106.0M2019−80%2020: -$1.4B-$1.4B20202021: $398.0M$398.0M20212022: $1.8B$1.8B2022+356%2023: $761.0M$761.0M2023−58%2024: -$2.1B-$2.1B20242025: $555.0M$555.0M2025

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.2

Period ending2025-12-312024-12-312023-12-31
Total revenue$4.5B$3.7B$3.6B
Selling, general and administrative, including stock-based compensation$514.0M$421.0M$659.0M
Depreciation and amortization$393.0M$352.0M$406.0M
Impairment and acquisition costs$27.0M$105.0M$1.0M
Total operating costs and expenses$3.9B$3.4B$3.3B
Operating income (loss)$577.0M$287.0M$266.0M
Interest expense-$249.0M-$208.0M-$234.0M
Realized and unrealized gains (losses) on financial instruments, net$288.0M-$139.0M$44.0M
Unrealized gains (losses) on intergroup interests-$68.0M
Other, net$117.0M$60.0M$89.0M
Total other income (expense)$156.0M-$287.0M-$169.0M
Earnings (loss) from continuing operations before income taxes$733.0M$97.0M
Income tax (expense) benefit-$137.0M-$44.0M-$24.0M
Net earnings (loss) from continuing operations$596.0M-$44.0M$73.0M
Net earnings (loss) from discontinued operations-$41.0M-$2.4B$889.0M
Net earnings (loss)$555.0M-$2.5B$962.0M
Less net earnings (loss) attributable to the noncontrolling interests-$412.0M$201.0M
Net earnings (loss) attributable to Liberty stockholders$555.0M-$2.1B$761.0M

Compare Liberty Media Corp with another company

Leadership

Who has led Liberty Media Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (16)

Former names

  • Liberty Spinco, Inc.Oct 19, 2012 to Jan 11, 20133

Timeline

  1. May 14, 2025New chief executive Derek Chang becomes CEO14
  2. Dec 27, 2012New chief executive Greg Maffei becomes CEO15

Filings

723 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 131 major events, 305 insider forms, 121 large holders, 146 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Oct 1, 20263 EDGAR
  3. Sep 4, 2026SCHEDULE 13G EDGAR
  4. Sep 3, 2026SCHEDULE 13G EDGAR
  5. Sep 3, 2026SCHEDULE 13G/A EDGAR
  6. Sep 2, 20268-K EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Aug 13, 20268-K EDGAR
  9. Aug 12, 2026SCHEDULE 13G EDGAR
  10. Aug 10, 20268-K EDGAR
  11. Aug 6, 20268-K EDGAR
  12. Aug 6, 202610-Q EDGAR
  13. Jul 15, 20268-K EDGAR
  14. Jun 18, 20268-K EDGAR
  15. Jun 16, 20264 EDGAR
  16. May 28, 20264 EDGAR
  17. May 27, 2026144 EDGAR
  18. May 12, 20268-A12B/A EDGAR
  19. May 12, 20268-K EDGAR
  20. May 12, 2026SCHEDULE 13G EDGAR

The 723 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

179 open-market trades by officers, directors and large owners since October 2021: 103 buys and 76 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 15, 2026Wilm Renee LChief Legal/Admin OfficerSale11,597$90.09$1.0MForm 4
May 27, 2026CAREY CHASEDirectorSale100,000$90.28$9.0MForm 4
Dec 17, 2025CAREY CHASEDirectorSale83,536$96.94$8.1MForm 4
Dec 16, 2025CAREY CHASEDirectorSale83,500$95.79$8.0MForm 4
Nov 12, 2025CAREY CHASEDirectorSale81,006$102.89$8.3MForm 4
Nov 10, 2025CAREY CHASEDirectorSale109,121$102.54$11.2MForm 4
Nov 7, 2025Wilm Renee LChief Legal/Admin OfficerSale11,200$91.89$1.0MForm 4
Sep 12, 2025Wendling Brian JCAO/PFOSale4,430$102.00$451.9KForm 4
Sep 10, 2025Wendling Brian JCAO/PFOSale5,021$100.20$503.1KForm 4
Sep 8, 2025Gilchrist Malcolm Ian GrantDirectorSale898$100.20$90.0KForm 4
Aug 27, 2025Gilchrist Malcolm Ian GrantDirectorSale868$97.11$84.3KForm 4
Aug 25, 2025Gilchrist Malcolm Ian GrantDirectorSale3,885$102.44$398.0KForm 4
Aug 12, 2025Wong Andrea LDirectorSale2,615$97.07$253.8KForm 4
May 22, 2025Wong Andrea LDirectorSale1,585$92.12$146.0KForm 4
May 13, 2025CAREY CHASEDirectorSale100,000$96.38$9.6MForm 4
May 12, 2025CAREY CHASEDirectorSale50,000$94.60$4.7MForm 4
May 9, 2025Wendling Brian JCAO/PFOSale9,500$95.21$904.5KForm 4
May 9, 2025Wilm Renee LChief Legal/Admin OfficerSale66,510$95.25$6.3MForm 4
May 9, 2025Gilchrist Malcolm Ian GrantDirectorSale1,303$94.79$123.5KForm 4
Dec 16, 2024MAFFEI GREGORY BPresident, CEOSale35,463$71.53$2.5MForm 4

All 179 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Linonia Partnership LP2,118,059$185.4M3.3%No change
Principal Financial Group Inc1,483,855$129.9M0.1%−34,973
Norges Bank1,308,568$114.6M0.0%New
State Of Wisconsin Investment Board1,195,287$104.6M0.2%−98,687
BlackRock, Inc.1,187,221$103.9M0.0%+21,942
Ashe Capital Management, LP1,184,179$103.7M11.1%No change
Vanguard Capital Management LLC1,091,566$95.6M0.0%+41,869
Jupiter Topco LLC1,022,027$89.5M0.0%New
Sculptor Capital LP1,000,000$87.5M1.3%No change
Vanguard Portfolio Management LLC980,350$85.8M0.0%−14,118
Darsana Capital Partners LP850,000$74.4M0.3%No change
Ruane, Cunniff & Goldfarb L.P.695,720$60.9M0.9%−28,122
Bamco Inc /ny/479,738$42.0M0.1%+163,164
Geode Capital Management, LLC465,612$40.8M0.0%+2,474
Bank Of America Corp /de/462,288$40.5M0.0%−125,883
Madison Asset Management, LLC454,871$39.8M0.5%+8
Hawk Ridge Capital Management LP441,500$38.6M1.3%No change
Fmr LLC386,714$33.9M0.0%+14,937
Aspen Grove Capital, LLC350,317$30.7M4.4%New
State Street Corp342,312$30.0M0.0%−12,316
Corvex Management LP318,350$27.9M0.9%New
Samlyn Capital, LLC263,221$23.0M0.4%+165,472
Renaissance Technologies LLC259,422$22.7M0.0%−87,700
Nuveen, LLC255,366$22.4M0.0%−2,596
Morgan Stanley243,856$21.3M0.0%+37,796

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 13, 2022John W. HickenlooperDemocratic, SenateBuy$1,001 - $15,000−36.9%Report
May 13, 2022John W. HickenlooperDemocratic, SenatePartial sale$50,001 - $100,000+36.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55