earnings
confidence high
sentiment negative
materiality 0.80
Liberty Media Q2 revenue falls 30% to $934M; F1 Adjusted OIBDA drops 61% to $139M
Liberty Media Corp
- Consolidated revenue $934M (down 30% YoY); operating income $88M (down 69%); Adjusted OIBDA $206M (down 44%).
- F1 revenue $764M (-38%) with 5 races vs 9; Las Vegas GP extended through 2037; Bahrain GP moved to Malaysia.
- MotoGP revenue $170M (-2% pro forma constant currency); Adjusted OIBDA $76M (+3%); signed team agreements through 2031.
- MotoGP repriced debt facilities, reduced debt by $114M; leverage 4.5x. F1 leverage 2.7x. No share repurchases in Q2.
- Remaining share repurchase authorization $1.1B; total cash $1.465B including $1.024B at F1.