---
schema_version: "secwatch.filing_event.v1"
accession: "0001560385-24-000028"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:53:17.113824+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# F1 Q3 OIBDA up 3% to $221M; MotoGP funding secured, SiriusXM split-off completed

## Summary
- F1 revenue $861M (-3% YoY on one fewer race); primary revenue declined 4%, other revenue up 6%.
- F1 Adjusted OIBDA $221M (+3%); operating income $146M (+11%) despite lower race count.
- Completed Liberty SiriusXM split-off and merger with SiriusXM on Sept 9, 2024.
- Secured $949M gross proceeds from 12.2M FWONK offering plus $1B incremental debt commitments for MotoGP acquisition, on track to close by year-end 2024.
- Announced multi-year partnerships with LVMH, Lenovo, American Express, Santander; licensing deals with LEGO and Mattel Hot Wheels for 2025.

## SEC filing metadata
- accession: 0001560385-24-000028
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560385/000156038524000028/0001560385-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000156038524000028/lmca-20241107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560385-24-000028
- JSON: https://secwatch.observer/filing/0001560385-24-000028.json
- Plain text: https://secwatch.observer/filing/0001560385-24-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.