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Liberty Media Corporation Series C Liberty Formula One (FWONK)
NASDAQ:FWONK
US Market
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Liberty Media Liberty Formula One (FWONK) Revenue By Segment

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Revenue By Segment

Breaks down revenue from different segments, indicating which areas drive growth and where the company might be vulnerable or poised for expansion.
Formula 1 is the clear growth engine—broad-based commercial momentum (sponsorship, media, hospitality) is lifting revenue and adjusted OIBDA, improving F1 leverage and cash generation; that strength underpins Liberty’s deleveraging story. MotoGP only begins to show material revenue late-2025, highlighting acquisition-related upside but also quarter-to-quarter lumpiness and higher net leverage that management is working down. Corporate swings and eliminations reflect intercompany adjustments and the Quint spin-off, so watch seasonality, race-count comparables and rising SG&A/team payments that could temper margin gains.
Date
Eliminations
Corporate & Other
Formula 1
MotoGP
Mar 31, 2026
-$6.00M$6.00M$617.00M$94.00M
Dec 31, 2025
-$77.00M$148.00M$1.38B$156.00M
Sep 30, 2025
-$21.00M$68.00M$869.00M$169.00M
Jun 30, 2025
-$30.00M$145.00M$1.23B$0.00
Mar 31, 2025
-$9.00M$53.00M$403.00M$0.00
Dec 31, 2024
-$77.00M$118.00M$1.13B$0.00
Sep 30, 2024
-$20.00M$70.00M$861.00M$0.00
Jun 30, 2024
-$24.00M$141.00M$871.00M$0.00
Mar 31, 2024
-$10.00M$44.00M$553.00M$0.00
Dec 31, 2023
-$16.00M$16.00M$1.23B$0.00