---
schema_version: "secwatch.filing_event.v1"
accession: "0001560385-26-000022"
form_type: "8-K"
ticker: "FWONA"
cik: "0001560385"
company_name: "Liberty Media Corp"
filed_at: "2026-08-06T20:14:57+00:00"
generated_at: "2026-08-06T20:19:08.199157+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Liberty Media Q2 revenue falls 30% to $934M; F1 Adjusted OIBDA drops 61% to $139M

## Summary
- 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.

## SEC filing metadata
- accession: 0001560385-26-000022
- form_type: 8-K
- ticker: FWONA
- cik: 0001560385
- company_name: Liberty Media Corp
- filed_at: 2026-08-06T20:14:57+00:00
- event_type: earnings
- sentiment: negative
- 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/1560385/000156038526000022/0001560385-26-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560385/000156038526000022/lmca-20260806x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001560385-26-000022
- JSON: https://secwatch.observer/filing/0001560385-26-000022.json
- Plain text: https://secwatch.observer/filing/0001560385-26-000022.txt

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