secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001560385-26-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000015/0001560385-26-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000015/lmca-20260507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001560385-26-000015

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