Liberty Media Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Tables)

Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Schedule for Reconciliation of Basic and Diluted Weighted Average Shares

The basic and diluted EPS calculations are based on the following WASO.


	Three months ended March 31,
	2025		2024

		numbers of shares in millions
Basic WASO		NA	327
Potentially dilutive shares (a)		NA	40
Diluted WASO (b)		NA	367

(a)	Potentially dilutive shares are excluded from the computation of EPS during periods in which net losses are reported since the result would be antidilutive.

(b)

For periods in which share settlement of the 2.75% Exchangeable Senior Debentures due 2049, which could have been settled in shares of Series C Liberty SiriusXM common stock, and 3.75% Convertible Senior Notes due 2028, which could have been settled in shares of Series A Liberty SiriusXM common stock, were dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instruments during the period, net of tax where appropriate.


	Three months ended March 31,
	2025		2024

		amounts in millions
Basic earnings (loss) from discontinued operations attributable to Liberty SiriusXM stockholders	$	NA	199
Adjustments		NA	(7)
Diluted earnings (loss) from discontinued operations attributable to Liberty SiriusXM stockholders	$	NA	192

Formula One Group

Schedule for Reconciliation of Basic and Diluted Weighted Average Shares

The basic and diluted EPS calculations are based on the following WASO.


	Three months ended March 31,
	2025		2024

		numbers of shares in millions
Basic WASO		249	235
Potentially dilutive shares (a)		8	8
Diluted WASO (b)		257	243

(a)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.

(b)

For periods in which share settlement of the 2.25% Convertible Senior Notes due 2027, which may be settled in shares of Series C Liberty Formula One common stock, is dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instrument during the period, net of tax where appropriate.


	Three months ended March 31,
	2025		2024

		amounts in millions
Basic earnings (loss) attributable to Liberty Formula One stockholders	$	22	77
Adjustments		(8)	—
Diluted earnings (loss) attributable to Liberty Formula One stockholders	$	14	77

Liberty Live Group

Schedule for Reconciliation of Basic and Diluted Weighted Average Shares

The basic and diluted EPS calculations are based on the following WASO.


	Three months ended March 31,
	2025		2024

		numbers of shares in millions
Basic WASO		92	92
Potentially dilutive shares (a)		—	—
Diluted WASO		92	92

(a)

Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.