Quarterly report [Sections 13 or 15(d)]

Financial Information for Tracking Stock Groups - Statement of Operations (Details)

v3.25.2
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - 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 expenses:        
Selling, general and administrative, including stock-based compensation 118 98 223 192
Depreciation and amortization 80 89 157 175
Acquisition costs 3 11 14 20
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 noncontrolling interests 0 50 0 92
Net earnings (loss) attributable to Liberty stockholders 204 457 209 660
Formula One Group        
Revenue:        
Total revenue 1,341 988 1,788 1,575
Operating expenses:        
Selling, general and administrative, including stock-based compensation 111 96 212 188
Depreciation and amortization 80 89 157 175
Acquisition costs 3 11 14 20
Total operating costs and expenses 1,061 929 1,575 1,421
Operating income (loss) 280 59 213 154
Other income (expense):        
Interest expense (49) (53) (97) (108)
Share of earnings (losses) of affiliates, net (2) (2) (5) (5)
Realized and unrealized gains (losses) on financial instruments, net 160 (1) 242 47
Other, net 66 20 100 35
Total other income (expense) 175 (36) 240 (31)
Earnings (loss) from continuing operations before income taxes 455 23 453 123
Income tax (expense) benefit (73) 1 (49) (22)
Net earnings (loss) from continuing operations   24   101
Net earnings (loss) 382 24 404 101
Less net earnings (loss) attributable to noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to Liberty stockholders 382 24 404 101
Liberty Live Group        
Operating expenses:        
Selling, general and administrative, including stock-based compensation 7 2 11 4
Total operating costs and expenses 7 2 11 4
Operating income (loss) (7) (2) (11) (4)
Other income (expense):        
Interest expense (8) (7) (15) (14)
Share of earnings (losses) of affiliates, net 73 85 77 64
Realized and unrealized gains (losses) on financial instruments, net (289) 88 (306) 19
Other, net 4 6 6 12
Total other income (expense) (220) 172 (238) 81
Earnings (loss) from continuing operations before income taxes (227) 170 (249) 77
Income tax (expense) benefit 49 (36) 54 (16)
Net earnings (loss) from continuing operations   134   61
Net earnings (loss) (178) 134 (195) 61
Less net earnings (loss) attributable to noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to Liberty stockholders (178) 134 (195) 61
Liberty SiriusXM Group        
Other income (expense):        
Net earnings (loss) from discontinued operations   349   590
Net earnings (loss)   349   590
Less net earnings (loss) attributable to noncontrolling interests   50   92
Net earnings (loss) attributable to Liberty stockholders   299   498
Formula 1        
Revenue:        
Total revenue 1,203 853 1,603 1,403
Operating expenses:        
Cost of services 779 639 1,065 918
Formula 1 | Formula One Group        
Revenue:        
Total revenue 1,203 853 1,603 1,403
Operating expenses:        
Cost of services 779 639 1,065 918
Other        
Revenue:        
Total revenue 138 135 185 172
Operating expenses:        
Cost of services 88 94 127 120
Other | Formula One Group        
Revenue:        
Total revenue 138 135 185 172
Operating expenses:        
Cost of services $ 88 $ 94 $ 127 $ 120