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Quarterly report [Sections 13 or 15(d)]

Information About Liberty's Operating Segments (Tables)

v3.25.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2025
Information About Liberty's Operating Segments Ìý
Schedule of performance measures

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Three months ended March 31, 2025

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​

ÌýÌýÌýÌý

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​

ÌýÌýÌýÌý

Corporate and

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​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

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Formula One

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Other

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Eliminations

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Total

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amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

319

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—

​

—

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319

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Other revenue

​

​

84

​

53

​

(9)

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128

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Total revenue

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​

403

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53

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(9)

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447

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Operating expenses:

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​

​

Ìý

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​

​

Ìý

​

Ìý

Team payments, excluding Concorde incentive payments

​

​

(114)

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—

​

—

​

(114)

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Other cost of revenue

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​

(128)

​

(39)

​

6

​

(161)

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Other operating expenses

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​

—

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(4)

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3

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(1)

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Total operating expenses

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​

(242)

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(43)

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9

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(276)

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Selling, general and administrative, excluding stock-based compensation

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​

(76)

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(26)

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—

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(102)

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Adjusted OIBDA

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$

85

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(16)

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—

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69

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Three months ended March 31, 2024

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ÌýÌýÌýÌý

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ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

463

​

—

​

—

​

463

​

Other revenue

​

​

90

​

44

​

(10)

​

124

​

Total revenue

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​

553

​

44

​

(10)

​

587

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Operating expenses:

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments

​

​

(163)

​

—

​

—

​

(163)

​

Other cost of revenue

​

​

(123)

​

(26)

​

7

​

(142)

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Other operating expenses

​

​

—

​

(4)

​

3

​

(1)

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Total operating expenses

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​

(286)

​

(30)

​

10

​

(306)

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Selling, general and administrative, excluding stock-based compensation

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​

(59)

​

(21)

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—

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(80)

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Adjusted OIBDA

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$

208

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(7)

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—

​

201

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Schedule of other information by segment

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March 31, 2025

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ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

Ìý

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assets

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inÌýaffiliates

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​

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amountsÌýinÌýmillions

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Formula One Group

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​

​

​

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Formula 1

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$

9,468

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2

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Corporate and other

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Ìý

2,753

Ìý

29

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Intergroup elimination

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(135)

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—

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Total Formula One Group

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12,086

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31

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Liberty Live Group

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​

​

​

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Corporate and other

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​

1,231

​

479

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Total Liberty Live Group

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​

1,231

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479

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Elimination

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(32)

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—

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Consolidated Liberty

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$

13,285

Ìý

510

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​

Schedule Of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes

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Three months ended

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March 31,

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ÌýÌýÌýÌý

2025

ÌýÌýÌýÌý

2024

Ìý

​

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amountsÌýinÌýmillions

​

Adjusted OIBDA

​

$

69

Ìý

201

​

Concorde incentive payments

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​

(50)

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—

​

Acquisition costs

​

​

(11)

​

(9)

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Stock-based compensation

​

Ìý

(2)

Ìý

(13)

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Depreciation and amortization

​

Ìý

(77)

Ìý

(86)

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Operating income (loss)

​

​

(71)

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93

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Interest expense

​

Ìý

(55)

Ìý

(62)

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Share of earnings (losses) of affiliates, net

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Ìý

1

Ìý

(24)

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Realized and unrealized gains (losses) on financial instruments, net

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Ìý

65

Ìý

(21)

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Other, net

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Ìý

36

Ìý

21

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Earnings (loss) from continuing operations before income taxes

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$

(24)

Ìý

7

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​