Liberty Media Q3 2025: F1 revenue up 1% to $869M; MotoGP acquired July 3; Liberty Live split-off set for Dec 15

Liberty Media Corp

F1 Q3 revenue $869M (+1% YoY); operating income $168M (+15%); Adjusted OIBDA $234M (+6%).
MotoGP contributed $169M revenue in Q3 (acquired July 3, 2025); Adjusted OIBDA $66M.
Formula One Group debt jumped to $5.056B from $2.897B, largely due to MotoGP acquisition financing.
Apple named new US F1 broadcast partner; race renewals for Austin (2034), Azerbaijan (2030), Monaco (2035).
Liberty Live split-off expected December 15, 2025, subject to shareholder vote on December 5.

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