secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001560385-26-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000006/0001560385-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000006/lmca-20260226x8k.htm
  HTML page:      https://secwatch.observer/filing/0001560385-26-000006

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