Quarterly report [Sections 13 or 15(d)]

Information About Liberty's Operating Segments (Tables)

v3.25.1
Information About Liberty's Operating Segments (Tables)
3 Months Ended
Mar. 31, 2025
Information About Liberty's Operating Segments  
Schedule of performance measures

Three months ended March 31, 2025

    

    

Corporate and

    

    

Formula One

Other

Eliminations

Total

amounts in millions

Revenue:

Primary revenue

$

319

319

Other revenue

84

53

(9)

128

Total revenue

403

53

(9)

447

Operating expenses:

 

 

 

Team payments, excluding Concorde incentive payments

(114)

(114)

Other cost of revenue

(128)

(39)

6

(161)

Other operating expenses

(4)

3

(1)

Total operating expenses

(242)

(43)

9

(276)

Selling, general and administrative, excluding stock-based compensation

(76)

(26)

(102)

Adjusted OIBDA

$

85

(16)

69

Three months ended March 31, 2024

    

    

Corporate and

    

    

Formula One

Other

Eliminations

Total

amounts in millions

Revenue:

Primary revenue

$

463

463

Other revenue

90

44

(10)

124

Total revenue

553

44

(10)

587

Operating expenses:

 

 

 

Team payments

(163)

(163)

Other cost of revenue

(123)

(26)

7

(142)

Other operating expenses

(4)

3

(1)

Total operating expenses

(286)

(30)

10

(306)

Selling, general and administrative, excluding stock-based compensation

(59)

(21)

(80)

Adjusted OIBDA

$

208

(7)

201

Schedule of other information by segment

March 31, 2025

    

Total

    

Investments

 

assets

in affiliates

amounts in millions

Formula One Group

Formula 1

$

9,468

2

Corporate and other

 

2,753

 

29

Intergroup elimination

(135)

Total Formula One Group

12,086

31

Liberty Live Group

Corporate and other

1,231

479

Total Liberty Live Group

1,231

479

Elimination

(32)

Consolidated Liberty

$

13,285

 

510

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

Three months ended

March 31,

    

2025

    

2024

 

amounts in millions

Adjusted OIBDA

$

69

 

201

Concorde incentive payments

(50)

Acquisition costs

(11)

(9)

Stock-based compensation

 

(2)

 

(13)

Depreciation and amortization

 

(77)

 

(86)

Operating income (loss)

(71)

93

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

Earnings (loss) from continuing operations before income taxes

$

(24)

 

7