Liberty Media Reports 35% Revenue Growth to $1.34 Billion in Q2 2025

Liberty Media Corporation reported significant financial performance improvements in its latest quarterly filing, with total revenue reaching $1.34 billion for the three months ended June 30, 2025, a 35% increase from $988 million in the same period last year. The company's revenue for the first half of 2025 also rose to $1.79 billion, up from $1.58 billion in the prior year. The growth was primarily driven by a substantial increase in Formula 1 revenue, which surged to $1.20 billion for the quarter, compared to $853 million in the previous year, reflecting the impact of additional events and contractual fee increases.

Operating income for the second quarter of 2025 was reported at $273 million, a significant rise from $57 million in the same quarter of 2024. For the first half of 2025, operating income increased to $202 million from $150 million year-over-year. The improved profitability was attributed to enhanced operational results in the Formula 1 segment, which benefited from increased media rights and sponsorship revenues, as well as a higher number of events held during the quarter.

In terms of strategic developments, Liberty Media completed the acquisition of approximately 84% of Dorna Sports, S.L. (MotoGP) for a preliminary purchase price of $3.7 billion on July 3, 2025. This acquisition was financed through cash on hand and $1 billion in borrowings. The company also announced plans for a split-off of the Liberty Live Group, which is expected to be completed in the second half of 2025, allowing for separate public trading of Liberty Live Holdings, Inc.

Operationally, Liberty Media reported a cash and cash equivalents balance of $3.45 billion as of June 30, 2025, up from $2.96 billion at the end of 2024. The company’s total assets increased to $13.82 billion, compared to $12.95 billion at the end of the previous fiscal year. The number of outstanding shares for Liberty Formula One common stock was 23,990,946, while Liberty Live common stock stood at 25,571,676 as of July 31, 2025.

Looking ahead, Liberty Media expressed optimism about its growth trajectory, particularly in the Formula 1 segment, which is expected to continue benefiting from increased global interest and engagement. The company anticipates recognizing approximately $1.54 billion in revenue from undelivered performance obligations for the remainder of 2025, indicating a strong pipeline of future earnings. However, the company also acknowledged potential risks, including market conditions and regulatory challenges, that could impact its operations and financial performance.