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(17) Quarterly Financial Information (unaudited)
The retrospective presentation of discontinued operations related to the Liberty Live Split-Off, as described in note 2, resulted in material changes to previously reported quarterly financial information. The following tables summarize the effects of the discontinued operations presentation on the Company’s quarterly financial information.
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1st |
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2nd |
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3rd |
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4th |
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Quarter |
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Quarter |
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Quarter |
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Quarter |
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amounts in millions, except per share amounts |
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2025 |
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Revenue |
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$ |
447 |
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1,341 |
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1,085 |
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1,609 |
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Operating income (loss) |
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$ |
(67) |
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280 |
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158 |
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206 |
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Net earnings (loss) from continuing operations |
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$ |
17 |
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386 |
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63 |
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130 |
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Net earnings (loss) |
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$ |
5 |
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204 |
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13 |
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333 |
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Net earnings (loss) from continuing operations attributable to Liberty stockholders: |
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Liberty Formula One common stock |
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$ |
22 |
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382 |
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66 |
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133 |
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Liberty Live common stock |
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$ |
(5) |
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4 |
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(3) |
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(3) |
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Net earnings (loss) from discontinued operations attributable to Liberty stockholders: |
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Liberty Live common stock |
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$ |
(12) |
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(182) |
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(50) |
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203 |
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Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share: |
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Liberty Formula One common stock |
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$ |
0.09 |
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1.53 |
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0.26 |
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0.53 |
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Liberty Live common stock |
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$ |
(0.05) |
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0.05 |
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(0.03) |
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(0.03) |
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Basic net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share: |
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Liberty Live common stock |
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$ |
(0.13) |
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(1.98) |
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(0.55) |
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2.20 |
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Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share: |
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Liberty Formula One common stock |
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$ |
0.05 |
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1.52 |
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0.24 |
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0.39 |
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Liberty Live common stock |
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$ |
(0.05) |
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0.05 |
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(0.03) |
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(0.03) |
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Diluted net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share: |
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Liberty Live common stock |
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$ |
(0.13) |
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(1.98) |
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(0.55) |
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2.20 |
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1st |
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2nd |
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3rd |
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4th |
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Quarter |
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Quarter |
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Quarter |
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Quarter |
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amounts in millions, except per share amounts |
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2024: |
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Revenue |
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$ |
587 |
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988 |
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911 |
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1,167 |
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Operating income (loss) |
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$ |
95 |
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59 |
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110 |
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23 |
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Net earnings (loss) from continuing operations |
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$ |
100 |
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4 |
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118 |
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(266) |
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Net earnings (loss) |
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$ |
245 |
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507 |
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(2,870) |
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(357) |
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Net earnings (loss) from continuing operations attributable to Liberty stockholders: |
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Liberty Formula One common stock |
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$ |
77 |
|
24 |
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117 |
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(248) |
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Liberty Live common stock |
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$ |
23 |
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(20) |
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1 |
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(16) |
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Net earnings (loss) from discontinued operations attributable to Liberty stockholders: |
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Liberty Live common stock |
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$ |
(96) |
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154 |
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14 |
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(91) |
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Liberty SiriusXM common stock |
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$ |
199 |
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299 |
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(2,500) |
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— |
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Basic net earnings (loss) from continuing operations attributable to Liberty stockholders per common share: |
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Liberty Formula One common stock |
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$ |
0.33 |
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0.10 |
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0.48 |
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(1.00) |
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Liberty Live common stock |
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$ |
0.25 |
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(0.22) |
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0.01 |
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(0.17) |
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Basic net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share: |
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Liberty Live common stock |
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$ |
(1.04) |
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1.67 |
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0.15 |
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(0.99) |
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Liberty SiriusXM common stock |
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$ |
0.61 |
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0.91 |
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(7.65) |
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NA |
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Diluted net earnings (loss) from continuing operations attributable to Liberty stockholders per common share: |
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Liberty Formula One common stock |
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$ |
0.32 |
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0.10 |
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0.48 |
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(0.99) |
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Liberty Live common stock |
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$ |
0.25 |
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(0.22) |
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0.01 |
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(0.17) |
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Diluted net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share: |
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Liberty Live common stock |
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$ |
(1.04) |
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1.67 |
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0.15 |
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(0.99) |
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Liberty SiriusXM common stock |
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$ |
0.52 |
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0.60 |
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(7.65) |
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NA |
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