secwatch.observer — SEC 8-K summary
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Issuer:     Liberty Media Corp (FWONA)
CIK:        0001560385
Form:       8-K
Filed at:   2026-08-06T20:14:57+00:00
Accession:  0001560385-26-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000022/0001560385-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560385/000156038526000022/lmca-20260806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001560385-26-000022

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