Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 1,341 $ 988 $ 1,788 $ 1,575
Operating costs and expenses:        
Selling, general and administrative, including stock-based compensation 118 98 223 192
Acquisition costs 3 11 14 20
Depreciation and amortization 80 89 157 175
Total operating costs and expenses 1,068 931 1,586 1,425
Operating income (loss) 273 57 202 150
Other income (expense):        
Interest expense (57) (60) (112) (122)
Share of earnings (losses) of affiliates, net 71 83 72 59
Realized and unrealized gains (losses) on financial instruments, net (129) 87 (64) 66
Other, net 70 26 106 47
Total other income (expense) (45) 136 2 50
Earnings (loss) from continuing operations before income taxes 228 193 204 200
Income tax (expense) benefit (24) (35) 5 (38)
Net earnings (loss) from continuing operations 204 158 209 162
Net earnings (loss) from discontinued operations   349   590
Net earnings (loss) 204 507 209 752
Less net earnings (loss) attributable to the noncontrolling interests 0 50 0 92
Net earnings (loss) attributable to Liberty stockholders 204 457 209 660
Formula One Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ 382 $ 24 $ 404 $ 101
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 $ 1.53 $ 0.1 $ 1.62 $ 0.43
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 $ 1.52 $ 0.1 $ 1.55 $ 0.42
Liberty Live Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ (178) $ 134 $ (195) $ 61
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 $ (1.93) $ 1.46 $ (2.12) $ 0.66
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 $ (1.93) $ 1.46 $ (2.12) $ 0.66
Liberty SiriusXM Group        
Other income (expense):        
Net earnings (loss) from discontinued operations attributable to Liberty stockholders:   $ 299   $ 498
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   $ 0.91   $ 1.52
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   $ 0.6   $ 1.13
Formula 1        
Revenue:        
Total revenue $ 1,203 $ 853 $ 1,603 $ 1,403
Operating costs and expenses:        
Cost of services 779 639 1,065 918
Other        
Revenue:        
Total revenue 138 135 185 172
Operating costs and expenses:        
Cost of services $ 88 $ 94 $ 127 $ 120