Liberty Media 2025: F1 revenue $3.87B (+14%), OI $632M; MotoGP OI $54M (+86%)

Liberty Media Corp

F1 full-year revenue $3.873B (+14%), operating income $632M (+28%), Adjusted OIBDA $946M (+20%), fan attendance 6.75M (+4%).
MotoGP pro-forma revenue $573M (+14%), operating income $54M (+86%), Adjusted OIBDA $201M (+15%); attendance 3.66M (+21%).
Completed Liberty Live split-off on Dec 15, 2025; Liberty Media now separately traded with $1.1B share repurchase authorization remaining.
F1 leverage 2.8x, MotoGP leverage 4.7x, consolidated leverage 3.6x; all debt covenants in compliance as of Dec 31, 2025.
New F1 race in Portugal (2027-28), Barcelona extension through 2032; MotoGP Adelaide city-center GP (2027-32).

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