v3.26.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2026
Information About Liberty's Operating Segments  
Schedule of performance measures

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Three months ended March 31, 2026

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  ​ ​ ​

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  ​ ​ ​

Reportable

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Corporate and

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  ​ ​ ​

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  ​ ​ ​

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Formula 1

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MotoGP

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segments total

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Other

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Eliminations

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Total

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amounts in millions

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Revenue:

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​

​

​

​

​

​

​

​

​

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​

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Primary revenue

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$

496

​

83

​

579

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—

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—

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579

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Other revenue

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​

121

​

11

​

132

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6

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(6)

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132

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Total revenue

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​

617

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94

​

711

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6

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(6)

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711

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Operating expenses:

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​

​

​

​

 

​

​

​

​

​

 

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Team payments

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(184)

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—

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(184)

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—

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—

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(184)

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Other cost of revenue

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(176)

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(59)

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(235)

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—

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6

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(229)

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Selling, general and administrative, excluding stock-based compensation

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(85)

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(19)

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(104)

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(13)

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—

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(117)

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Adjusted OIBDA

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$

172

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16

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188

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(7)

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—

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181

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Three months ended March 31, 2025

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  ​ ​ ​

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  ​ ​ ​

Corporate and

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  ​ ​ ​

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  ​ ​ ​

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​

Formula 1

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Other

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Eliminations

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Total

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​

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amounts in millions

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Revenue:

​

​

​

​

​

​

​

​

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Primary revenue

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$

319

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—

​

—

​

319

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Other revenue

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​

84

​

53

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(9)

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128

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Total revenue

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​

403

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53

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(9)

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447

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Operating expenses:

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​

​

 

​

​

​

 

​

 

Team payments

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​

(114)

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—

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—

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(114)

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Other cost of revenue

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​

(128)

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(39)

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6

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(161)

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Selling, general and administrative, excluding stock-based compensation

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(76)

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(26)

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3

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(99)

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Adjusted OIBDA

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$

85

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(12)

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—

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73

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Schedule of other information by segment

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March 31, 2026

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amounts in millions

Formula 1

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$

8,738

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MotoGP

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6,221

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Corporate and other

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1,512

 

Elimination

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(579)

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Total Assets

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$

15,892

 

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Schedule Of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes

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Three months ended

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March 31,

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2026

  ​ ​ ​

2025

 

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amounts in millions

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Adjusted OIBDA

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$

181

 

73

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Concorde incentive payments

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—

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(50)

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Acquisition costs

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—

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(11)

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Stock-based compensation

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(5)

 

(2)

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Depreciation and amortization

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(112)

 

(77)

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Operating income (loss)

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​

64

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(67)

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Interest expense

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(68)

 

(48)

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Realized and unrealized gains (losses) on financial instruments, net

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57

 

75

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Other, net

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5

 

31

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Earnings (loss) from continuing operations before income taxes

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$

58

 

(9)

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​