Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Total revenue $ 1,085 $ 911 $ 2,873 $ 2,486
Operating costs and expenses:        
Selling, general and administrative, including stock-based compensation 140 118 363 310
Acquisition costs 14 3 28 23
Depreciation and amortization 118 88 275 263
Total operating costs and expenses 936 804 2,522 2,229
Operating income (loss) 149 107 351 257
Other income (expense):        
Interest expense (86) (62) (198) (184)
Share of earnings (losses) of affiliates, net 121 116 193 175
Realized and unrealized gains (losses) on financial instruments, net (160) (55) (224) 11
Other, net (1) 29 105 76
Total other income (expense) (126) 28 (124) 78
Earnings (loss) from continuing operations before income taxes 23 135 227 335
Income tax (expense) benefit (10) (3) (5) (41)
Net earnings (loss) from continuing operations 13 132 222 294
Net earnings (loss) from discontinued operations   (3,002)   (2,412)
Net earnings (loss) 13 (2,870) 222 (2,118)
Less net earnings (loss) attributable to the noncontrolling interests 0 (502) 0 (410)
Net earnings (loss) attributable to Liberty stockholders 13 (2,368) 222 (1,708)
Formula One Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ 66 $ 117 $ 470 $ 218
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 $ 0.26 $ 0.48 $ 1.88 $ 0.92
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 $ 0.24 $ 0.48 $ 1.79 $ 0.9
Liberty Live Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ (53) $ 15 $ (248) $ 76
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 $ (0.58) $ 0.16 $ (2.7) $ 0.83
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 $ (0.58) $ 0.16 $ (2.7) $ 0.83
Liberty SiriusXM Group        
Other income (expense):        
Net earnings (loss) from discontinued operations attributable to Liberty stockholders:   $ (2,500)   $ (2,002)
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   $ (7.65)   $ (6.12)
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   $ (7.65)   $ (6.16)
Motorsport        
Revenue:        
Total revenue $ 1,024 $ 848 $ 2,627 $ 2,251
Operating costs and expenses:        
Cost of services 631 554 1,696 1,472
Other        
Revenue:        
Total revenue 61 63 246 235
Operating costs and expenses:        
Cost of services $ 33 $ 41 $ 160 $ 161