Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Total revenue $ 447 $ 587
Operating costs and expenses:    
Other operating expense 1 1
Selling, general and administrative, including stock-based compensation 104 93
Acquisition costs 11 9
Depreciation and amortization 77 86
Total operating costs and expenses 518 494
Operating income (loss) (71) 93
Other income (expense):    
Interest expense (55) (62)
Share of earnings (losses) of affiliates, net 1 (24)
Realized and unrealized gains (losses) on financial instruments, net 65 (21)
Other, net 36 21
Total other income (expense) 47 (86)
Earnings (loss) from continuing operations before income taxes (24) 7
Income tax (expense) benefit 29 (3)
Net earnings (loss) from continuing operations 5 4
Net earnings (loss) from discontinued operations   241
Net earnings (loss) 5 245
Less net earnings (loss) attributable to the noncontrolling interests   42
Net earnings (loss) attributable to Liberty stockholders 5 203
Formula One Group    
Other income (expense):    
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ 22 $ 77
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.09 $ 0.33
Diluted net earnings (loss) attributable to Liberty stockholders per common share:    
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ 0.05 $ 0.32
Liberty Live Group    
Other income (expense):    
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ (17) $ (73)
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ (0.18) $ (0.79)
Diluted net earnings (loss) attributable to Liberty stockholders per common share:    
Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share $ (0.18) $ (0.79)
Liberty SiriusXM Group    
Other income (expense):    
Net earnings (loss) from discontinued operations attributable to Liberty stockholders:   $ 199
Basic net earnings (loss) attributable to Liberty stockholders per common share    
Basic net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share   $ 0.61
Diluted net earnings (loss) attributable to Liberty stockholders per common share:    
Diluted net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share   $ 0.52
Formula 1    
Revenue:    
Total revenue $ 400 $ 550
Operating costs and expenses:    
Cost of services 286 279
Other    
Revenue:    
Total revenue 47 37
Operating costs and expenses:    
Cost of services $ 39 $ 26