---
schema_version: "secwatch.filing_event.v1"
accession: "0001560385-26-000015"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:40:45.715930+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Liberty Media Q1: F1 revenue $617M (+53%), Adj. OIBDA $172M (+102%)

## Summary
- F1 revenue $617M (+53%); operating income $107M (vs -$28M prior year); Adjusted OIBDA $172M (+102%)
- MotoGP revenue $94M (+25% CC); Adj. OIBDA $16M (+60% pro forma); op. loss $24M
- New sponsors (Standard Chartered, Marsh, FanDuel, Betway); broadcast renewals (Sky, Foxtel, beIN); Turkish GP from 2027
- Q1 had 3 F1 races (vs 2); full-year 22 races, 2 fewer; Bahrain/Saudi postponed due to geopolitical tensions
- Cash $1.33B; debt $4.99B; F1 leverage 2.3x; consol. leverage 3.0x; $1.1B buyback auth. left; no Q1 repurchases

## SEC filing metadata
- accession: 0001560385-26-000015
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2026-05-07T23:59:59+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/1560385/000156038526000015/0001560385-26-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000156038526000015/lmca-20260507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560385-26-000015
- JSON: https://secwatch.observer/filing/0001560385-26-000015.json
- Plain text: https://secwatch.observer/filing/0001560385-26-000015.txt

## Source-grounded claims
- claim_id: 77d317960df1120d2fa1fbe1e3d4fd2e8547c04c
  claim: Liberty Media Corp reported financial results for the quarter ended March 31, 2026.
  evidence_excerpt: On May 7, 2026, Liberty Media Corporation (the “Company”) issued a press release (the “Earnings Release”) setting forth information, including financial information, which is intended to supplement the financial statements and related Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission (the “SEC”) on May 7, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560385/000156038526000015/0001560385-26-000015-index.htm

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