Liberty Media Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

The preliminary acquisition price allocation for MotoGP is as follows (amounts in millions):


Prepaid consideration	$	148
Closing consideration		3,511
Total acquisition consideration	$	3,659

Cash and cash equivalents	$	375
Goodwill		3,061
Intangible assets subject to amortization, net		2,789
Other assets		150
Deferred revenue		(106)
Long-term debt		(1,140)
Deferred income tax liabilities		(671)
Other liabilities		(108)
Redeemable noncontrolling interests in equity of subsidiary		(691)
Total acquisition consideration	$	3,659


	Years ended December 31,
	2025		2024

	amounts in millions
Revenue	$	4,725	4,153
Net earnings (loss)	$	534	(2,502)
Net earnings (loss) attributable to Liberty shareholders	$	538	(2,086)

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.