Liberty Media reported a strong year-end performance driven by significant growth in both Formula 1 and MotoGP. The company successfully streamlined its structure with the Liberty Live split-off and demonstrated robust operational improvements across its motorsport segments, leading to increased revenue, operating income, and Adjusted OIBDA.
Formula 1 revenue increased 14% to $3.9 billion, operating income grew 28% to $632 million, and Adjusted OIBDA increased 20% to $946 million for the year.
positiveMotoGP revenue increased 14% to $573 million, operating income grew 86% to $54 million, and Adjusted OIBDA increased 15% to $201 million on a pro-forma basis for the year.
positiveFormula 1 fan attendance was up 4% and live viewership up 21% compared to 2024.
positiveMotoGP fan attendance was up 21% and cumulative TV viewership up 9% compared to 2024.
positiveTotal consolidated cash and cash equivalents decreased $236 million during the fourth quarter.
attentionMotoGP's selling, general and administrative expenses increased 34% in the fourth quarter.
attentionMotoGP's cost of motorsport revenue increased 11% in the fourth quarter.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total | CC |
|---|---|---|---|---|---|
Formula 1 | N/A | — | — | — | — |
MotoGP | N/A | — | — | — | +9.0% |
Corporate and other | N/A | — | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% | — |
Segment performance shows business unit health and growth drivers. Constant currency (CC) removes FX impact for like-for-like comparison.
2025 was an exceptional and productive year for Liberty, and we are excited about the opportunities ahead.
We delivered on our key strategic objectives – strengthening Formula 1’s growth trajectory, completing the MotoGP acquisition and streamlining our structure following the Liberty Live split-off last December.
This year, we remain focused on sustaining F1’s momentum, positioning MotoGP for future growth and remaining disciplined yet opportunistic with our capital to drive shareholder value.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.