Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Total revenue $ 1,226 $ 1,085 $ 2,871 $ 2,873
Operating costs and expenses:        
Selling, general and administrative, including stock-based compensation 147 131 398 343
Acquisition costs   14   28
Depreciation and amortization 110 118 334 275
Total operating costs and expenses 989 927 2,482 2,502
Operating income (loss) 237 158 389 371
Other income (expense):        
Interest expense (69) (79) (205) (176)
Realized and unrealized gains (losses) on financial instruments, net (note 6) 66 16 122 251
Other, net 10 (9) 29 90
Total other income (expense) 7 (72) (54) 165
Earnings (loss) from continuing operations before income taxes 244 86 335 536
Income tax (expense) benefit (82) (23) (112) (70)
Net earnings (loss) from continuing operations 162 63 223 466
Net earnings (loss) from discontinued operations   (50)   (244)
Net earnings (loss) 162 13 223 222
Less net earnings (loss) attributable to the redeemable noncontrolling interests (1)   (2)  
Net earnings (loss) attributable to Liberty stockholders 163 13 225 222
Net earnings (loss) from continuing operations attributable to Liberty stockholders: $ 163 $ 66 $ 225 $ 470
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 $ 0.65 $ 0.26 $ 0.9 $ 1.88
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 $ 0.43 $ 0.24 $ 0.49 $ 1.79
Liberty Live Group        
Other income (expense):        
Net earnings (loss) from continuing operations attributable to Liberty stockholders:   $ (3)   $ (4)
Net earnings (loss) from discontinued operations attributable to Liberty stockholders:   $ (50)   $ (244)
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   $ (0.03)   $ (0.05)
Basic net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share   (0.55)   (2.65)
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   (0.03)   (0.05)
Diluted net earnings (loss) from discontinued operations attributable to Liberty stockholders per common share   $ (0.55)   $ (2.65)
Motorsport        
Revenue:        
Total revenue $ 1,226 $ 1,024 $ 2,871 $ 2,627
Operating costs and expenses:        
Cost of services $ 732 631 $ 1,750 1,696
Other        
Revenue:        
Total revenue   61   246
Operating costs and expenses:        
Cost of services   $ 33   $ 160