earnings
confidence high
sentiment positive
materiality 0.75
Liberty Media F1 revenue +6% in 2024; Q4 revenue -8% YoY with Las Vegas GP drag
Liberty Media Corp
- F1 FY2024 revenue $3,411M (+6% YoY), Adjusted OIBDA $791M (+9%), operating income $492M (+26%).
- Q4 F1 revenue $1,126M (-8% YoY), Adjusted OIBDA $202M (-15%) due to lower Las Vegas GP ticketing.
- Fan attendance 6.5M (+9%), renewed race deals: Belgian, Dutch, Chinese, Italian, Monaco through 2026-2031.
- MotoGP acquisition regulatory approval extended to June 30, 2025; remaining buyback authorization $1.1B.
- Live Nation investment fair value $9.0B at year-end (up from $7.6B at Sept 30).