Overview
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- TickerFWONA on Nasdaq1
- IndustryTelevision Broadcasting Stations1
- HeadquartersEnglewood, Colorado1
- Incorporated inNV3
- Business address12300 Liberty Boulevard, Englewood, Co 801123
- Filer categoryLarge accelerated filer3
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Liberty Media Corporation (“Liberty”, the “Company”, “we”, “us” and “our”), through its subsidiaries, is primarily engaged in the motorsport and live entertainment industries with events held worldwide and operations primarily headquartered in the United Kingdom (“U.K.”) and Spain. Our most significant subsidiaries include Delta Topco Limited (the parent company of Formula 1) (“Delta Topco”) and MotoGP.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
12.9%Operating margin2
12.4%Net margin2
22.7%Revenue growth, 20252
7.2%Return on equity2
0.65×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Motorsport brought in 92% of the revenue Liberty Media Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Motorsport | $3.2B | $3.3B | $4.1B |
| Other | $350.0M | $335.0M | $377.0M |
Business segments
Formula 1 brought in 92% of the revenue Liberty Media Corp broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Formula 1 | $3.2B | $3.4B | $3.9B |
| Motogp | $325.0M |
Regions
United Kingdom brought in 84% of the revenue Liberty Media Corp broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United Kingdom | $3.2B | $3.3B | $3.8B |
| United States | $350.0M | $335.0M | $378.0M |
| Spain | $310.0M | ||
| Other Countries | $12.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin11¢$514.0M
- Other costs73¢$3.3B
- Income tax3¢$137.0M
- Profit12¢$555.0M
Out of $4.5B in revenue.2
Financial statements
Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenue | $4.5B | $3.7B | $3.6B |
| Selling, general and administrative, including stock-based compensation | $514.0M | $421.0M | $659.0M |
| Depreciation and amortization | $393.0M | $352.0M | $406.0M |
| Impairment and acquisition costs | $27.0M | $105.0M | $1.0M |
| Total operating costs and expenses | $3.9B | $3.4B | $3.3B |
| Operating income (loss) | $577.0M | $287.0M | $266.0M |
| Interest expense | -$249.0M | -$208.0M | -$234.0M |
| Realized and unrealized gains (losses) on financial instruments, net | $288.0M | -$139.0M | $44.0M |
| Unrealized gains (losses) on intergroup interests | -$68.0M | ||
| Other, net | $117.0M | $60.0M | $89.0M |
| Total other income (expense) | $156.0M | -$287.0M | -$169.0M |
| Earnings (loss) from continuing operations before income taxes | $733.0M | $97.0M | |
| Income tax (expense) benefit | -$137.0M | -$44.0M | -$24.0M |
| Net earnings (loss) from continuing operations | $596.0M | -$44.0M | $73.0M |
| Net earnings (loss) from discontinued operations | -$41.0M | -$2.4B | $889.0M |
| Net earnings (loss) | $555.0M | -$2.5B | $962.0M |
| Less net earnings (loss) attributable to the noncontrolling interests | -$412.0M | $201.0M | |
| Net earnings (loss) attributable to Liberty stockholders | $555.0M | -$2.1B | $761.0M |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total revenue | $1.6B | $1.1B | $1.3B | $447.0M | $1.2B | $911.0M | $988.0M | $587.0M |
| Operating income (loss) | $206.0M | $158.0M | $280.0M | -$67.0M | $23.0M | $110.0M | $59.0M | $95.0M |
| Net earnings (loss) from continuing operations | $130.0M | $63.0M | $386.0M | $17.0M | -$266.0M | $118.0M | $4.0M | $100.0M |
| Net earnings (loss) | $333.0M | $13.0M | $204.0M | $5.0M | -$357.0M | -$2.9B | $507.0M | $245.0M |
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $2.6B | $1.4B | |
| Trade and other receivables, net | $115.0M | $114.0M | ||
| Contract assets | $114.0M | $114.0M | ||
| Other current assets | $89.0M | $163.0M | ||
| Current assets of discontinued operations | $326.0M | |||
| Total current assets | $1.4B | $3.3B | ||
| Property and equipment, at cost | $1.1B | $1.0B | ||
| Accumulated depreciation | -$219.0M | -$197.0M | ||
| Property and equipment, net | $868.0M | $810.0M | ||
| Goodwill | $7.0B | $4.1B | $4.0B | |
| Intangible assets subject to amortization, net | $5.1B | $2.7B | ||
| Deferred income tax assets | $539.0M | $577.0M | ||
| Other assets | $491.0M | $778.0M | ||
| Noncurrent assets of discontinued operations | $665.0M | |||
| Total assets | $15.4B | $13.0B | ||
| Accounts payable and accrued liabilities | $575.0M | $649.0M | ||
| Current portion of debt | $52.0M | $26.0M | ||
| Deferred revenue | $263.0M | $267.0M | ||
| Financial instrument liabilities | $138.0M | |||
| Other current liabilities | $49.0M | $54.0M | ||
| Total current liabilities | $939.0M | $1.1B | ||
| Long-term debt, including $597 million and $588 million measured at fair value, respectively | $5.0B | $3.0B | ||
| Deferred income tax liabilities | $656.0M | $52.0M | ||
| Other liabilities | $305.0M | $241.0M | ||
| Noncurrent liabilities of discontinued operations | $1.6B | |||
| Total liabilities | $6.9B | $6.0B | ||
| Redeemable noncontrolling interests in equity of subsidiary | $693.0M | |||
| Accumulated other comprehensive earnings (loss), net of taxes | -$30.0M | -$153.0M | ||
| Retained earnings | $7.8B | $7.2B | ||
| Total stockholders' equity | $7.8B | $7.0B | ||
| Noncontrolling interests in equity of subsidiaries | $22.0M | |||
| Total equity | $7.8B | $7.1B | $19.4B | $19.1B |
| Total liabilities and equity | $15.4B | $13.0B | ||
| Long-term debt, measured at fair value | $597.0M | $588.0M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.1B | $2.6B | $1.4B | |
| Trade and other receivables, net | $115.0M | $114.0M | ||
| Contract assets | $114.0M | $114.0M | ||
| Other current assets | $89.0M | $163.0M | ||
| Current assets of discontinued operations | $326.0M | |||
| Total current assets | $1.4B | $3.3B | ||
| Property and equipment, at cost | $1.1B | $1.0B | ||
| Accumulated depreciation | -$219.0M | -$197.0M | ||
| Property and equipment, net | $868.0M | $810.0M | ||
| Goodwill | $7.0B | $4.1B | $4.0B | |
| Intangible assets subject to amortization, net | $5.1B | $2.7B | ||
| Deferred income tax assets | $539.0M | $577.0M | ||
| Other assets | $491.0M | $778.0M | ||
| Noncurrent assets of discontinued operations | $665.0M | |||
| Total assets | $15.4B | $13.0B | ||
| Accounts payable and accrued liabilities | $575.0M | $649.0M | ||
| Current portion of debt | $52.0M | $26.0M | ||
| Deferred revenue | $263.0M | $267.0M | ||
| Financial instrument liabilities | $138.0M | |||
| Other current liabilities | $49.0M | $54.0M | ||
| Total current liabilities | $939.0M | $1.1B | ||
| Long-term debt, including $597 million and $588 million measured at fair value, respectively | $5.0B | $3.0B | ||
| Deferred income tax liabilities | $656.0M | $52.0M | ||
| Other liabilities | $305.0M | $241.0M | ||
| Noncurrent liabilities of discontinued operations | $1.6B | |||
| Total liabilities | $6.9B | $6.0B | ||
| Redeemable noncontrolling interests in equity of subsidiary | $693.0M | |||
| Accumulated other comprehensive earnings (loss), net of taxes | -$30.0M | -$153.0M | ||
| Retained earnings | $7.8B | $7.2B | ||
| Total stockholders' equity | $7.8B | $7.0B | ||
| Noncontrolling interests in equity of subsidiaries | $22.0M | |||
| Total equity | $7.8B | $7.1B | $19.4B | $19.1B |
| Total liabilities and equity | $15.4B | $13.0B | ||
| Long-term debt, measured at fair value | $597.0M | $588.0M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Preferred stock, shares issued | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net earnings (loss) | $555.0M | -$2.5B | $962.0M |
| (Earnings) loss from discontinued operations | $41.0M | $2.4B | -$889.0M |
| Depreciation and amortization | $393.0M | $352.0M | $406.0M |
| Stock-based compensation | $21.0M | $30.0M | $27.0M |
| Non-cash impairment expense | $73.0M | ||
| Realized and unrealized (gains) losses on financial instruments, net | -$288.0M | $139.0M | -$44.0M |
| Unrealized (gains) losses on intergroup interests, net | $68.0M | ||
| Deferred income tax expense (benefit) | $18.0M | $29.0M | $15.0M |
| Intergroup tax allocation | $11.0M | -$104.0M | -$177.0M |
| Intergroup tax (payments) receipts | $129.0M | $121.0M | |
| Other charges (credits), net | $10.0M | $28.0M | -$2.0M |
| Current and other assets | $84.0M | $39.0M | $12.0M |
| Payables and other liabilities | $63.0M | -$104.0M | $152.0M |
| Net cash provided (used) by operating activities | $908.0M | $567.0M | $651.0M |
| Capital expended for property and equipment, including internal-use software and website development | -$119.0M | -$75.0M | -$461.0M |
| Cash proceeds from dispositions of investments | $26.0M | $10.0M | $110.0M |
| Cash (paid) received for acquisitions, net of cash acquired | -$3.3B | -$205.0M | |
| Cash proceeds from foreign currency forward contracts | $3.7B | ||
| Cash paid for foreign currency forward contracts | -$3.5B | ||
| Investments in equity method affiliates and debt and equity securities | -$25.0M | -$8.0M | -$173.0M |
| Other investing activities, net | -$14.0M | -$14.0M | -$21.0M |
| Net cash provided (used) by investing activities | -$3.2B | -$292.0M | -$545.0M |
| Borrowings of debt | $1.7B | $645.0M | $30.0M |
| Repayments of debt | -$781.0M | -$677.0M | -$90.0M |
| Payment to Liberty Live Holdings, Inc. | -$172.0M | ||
| Issuance of Series C Liberty Formula One common stock | $939.0M | ||
| Settlement of intergroup interests | -$273.0M | ||
| Split-Off | -$89.0M | -$188.0M | |
| Reclassification | -$100.0M | ||
| Other financing activities, net | -$12.0M | $58.0M | $16.0M |
| Net cash provided (used) by financing activities | $694.0M | $965.0M | -$605.0M |
| Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | $16.0M | -$10.0M | $1.0M |
| Cash provided (used) by operating activities | -$38.0M | $868.0M | $1.8B |
| Cash provided (used) by investing activities | -$604.0M | -$695.0M | |
| Cash provided (used) by financing activities | -$286.0M | -$559.0M | -$868.0M |
| Net cash provided (used) by discontinued operations | -$324.0M | -$295.0M | $250.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -$1.9B | $935.0M | -$248.0M |
No quarter-by-quarter statement was filed.
Corporate structure
Liberty Media Corp sits at the top of its group. 32 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Liberty Media Corp
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Liberty Media Corp, latest Sep 4, 2026 (2 filings since Sep 3, 2026)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Liberty Media Corp, latest Sep 3, 2026 (21 filings since Feb 10, 2022)
- STATE OF WISCONSIN INVESTMENT BOARD Filed SCHEDULE 13G/A on Liberty Media Corp, latest Aug 14, 2026 (3 filings since Jan 10, 2022)
- NORGES BANK Filed SCHEDULE 13G on Liberty Media Corp, latest Aug 12, 2026 (2 filings since Feb 9, 2022)
- PRINCIPAL GLOBAL INVESTORS Filed SCHEDULE 13G on Liberty Media Corp, latest May 12, 2026 (3 filings since May 9, 2025)
- John C. Malone Filed SCHEDULE 13D/A on Liberty Media Corp, latest Mar 31, 2026 (9 filings since Jun 8, 2023)
- Janus Henderson Group Ltd. Filed SCHEDULE 13G/A on Liberty Media Corp, latest Nov 14, 2025 (8 filings since Feb 10, 2022)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on Liberty Media Corp, latest Nov 14, 2025 (4 filings since Nov 14, 2024)
- Linonia Partnership LP Filed SCHEDULE 13G/A on Liberty Media Corp, latest Oct 20, 2025 (3 filings since Oct 20, 2025)
- Corvex Management LP Filed SCHEDULE 13G/A on Liberty Media Corp, latest May 15, 2025 (2 filings since Feb 13, 2024)
- ValueAct Capital Master Fund, L.P. Filed SCHEDULE 13D/A on Liberty Media Corp, latest May 6, 2025 (2 filings since Feb 11, 2025)
- BlackRock Filed SCHEDULE 13G/A on Liberty Media Corp, latest Apr 17, 2025 (11 filings since Feb 1, 2022)
- Liberty Media Corp Englewood, Colorado
- iHeartMedia Stake · San Antonio
- Liberty Media Acquisition Corp Stake · Englewood, Colorado
- Live Nation Entertainment Stake · Beverly Hills, California, United States
- Sirius XM Rad Stake · New York, New York, United States
- Allsport Management S.A. Subsidiary · Switzerland
- Alpha Prema UK Limited Subsidiary · United Kingdom
- Beta Holdings Limited Subsidiary · Jersey
- Delta 3 (UK) Limited Subsidiary · United Kingdom
- Delta Topco Limited Subsidiary · Jersey
- Dorna Italy Holdings S.R.L Subsidiary · Italy
- Dorna Worldwide S.L.U Subsidiary · Spain
- Dorna WSBK Organization S.R.L. Subsidiary · Italy
- F1 Academy Limited Subsidiary · United Kingdom
- Formula Motorsport Limited (fka GP2 Motorsport Limited) Subsidiary · United Kingdom
- Formula One Administration Limited Subsidiary · United Kingdom
- Formula One Asset Management Limited Subsidiary · United Kingdom
- Formula One Digital Media Limited Subsidiary · United Kingdom
- Formula One Hospitality and Event Services Limited Subsidiary · United Kingdom
- Formula One Licensing B.V. Subsidiary · Netherlands
- Formula One Management Limited Subsidiary · United Kingdom
- Formula One Marketing II Limited Subsidiary · United Kingdom
- Formula One Marketing Limited Subsidiary · United Kingdom
- Formula One Research, Engineering and Development Limited (fka Beta D3 Limited) Subsidiary · United Kingdom
- Formula One World Championship Limited Subsidiary · United Kingdom
- International Events Services S.L.U Subsidiary · Spain
- and 6 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (4 companies). Each entity in the chart links to its source.
What it owns
What Liberty Media Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $26.0M2 Dec 31, 2025 | $45.0M2 Dec 31, 2024 | −42.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $1.1B2 Dec 31, 2025 | $2.6B2 Dec 31, 2024 | −59.9% |
| Stakes in other companies (equity method) | $491.0M10 Dec 31, 2024 | $374.0M10 Dec 31, 2023 | +31.3% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $7.0B2 Dec 31, 2025 | $4.1B2 Dec 31, 2024 | +69.9% |
| Finite-lived intangibles, gross | $8.5B2 Dec 31, 2025 | $5.9B2 Dec 31, 2024 | +45.6% |
| Accumulated amortization | $3.4B2 Dec 31, 2025 | $3.2B2 Dec 31, 2024 | +8.2% |
| Finite-lived intangibles, net | $5.1B2 Dec 31, 2025 | $2.7B2 Dec 31, 2024 | +89.7% |
Properties, in its own words
We own our corporate headquarters in Englewood, Colorado.
Formula 1 owns land and the principal building used for its television production and technical operations at its Media & Technology Centre in Kent, England and leases several other adjacent properties which host activities to support the operations. Formula 1 also leases its head office premises in London, England. The Company owns land and a building adjacent to the Las Vegas Strip which is utilized for the Las Vegas Grand Prix, with Formula 1 also leasing office space in Las Vegas to support its operations. MotoGP leases space for its offices in Madrid and Barcelona, Spain and Rome, Italy.
The rest of Item 2
Our other subsidiaries own or lease the fixed assets necessary for the operation of their respective businesses. Our management believes that our current facilities are suitable and adequate for our business operations for the foreseeable future.
Item 2 of the 10-K filed Feb 26, 2026.5
Leadership
Who has led Liberty Media Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
201520202025
- Chief executive officerDerek Chang May 14, 2025 to now15
- Chief executive officerGreg Maffei Dec 27, 2012 to May 14, 202516
- ChairJohn C. Malone Dec 27, 2012 to now17
- PresidentDerek Chang May 14, 2025 to now15
- PresidentGreg Maffei Dec 27, 2012 to May 14, 202516
- Chief financial officerMark D. Carleton Oct 7, 2016 to Mar 11, 201918
- Chief financial officerChristopher W. Shean Dec 27, 2012 to Sep 26, 201619
Board members and other officers (16)
- SVP/Controller/PFOBrian J. Wendling Jul 9, 2019 to now20
- Senior Vice PresidentAlbert E. Rosenthaler Dec 27, 2012 to Aug 16, 202321
- Vice President and SecretaryPamela L. Coe Dec 27, 2012 to Dec 27, 201222
- Board memberDerek Chang Mar 12, 2021 to now23
- Board memberBrian Deevy Jun 10, 2015 to now24
- Board memberAndrea L. Wong Jan 22, 2013 to now25
- Board memberDavid E. Rapley Jan 22, 2013 to Dec 14, 202126
- Board memberDonne F. Fisher Jan 22, 2013 to Jun 1, 201527
- Board memberEvan Daniel Malone Jan 22, 2013 to now28
- Board memberLarry E. Romrell Jan 22, 2013 to now29
- Board memberMalcolm Ian Grant Gilchrist Jan 22, 2013 to now30
- Board memberRobert Bennett Jan 22, 2013 to now31
- Board memberGreg Maffei Dec 27, 2012 to now16
- Board memberPamela L. Coe Dec 27, 2012 to Dec 27, 201222
- General counselRenee L. Wilm Oct 1, 2019 to now32
- General counselRichard N. Baer Jan 9, 2013 to Mar 15, 201933
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Allsport Management S.A. Switzerland4
- Alpha Prema UK Limited UK4
- Beta Holdings Limited Jersey4
- Delta 3 (UK) Limited UK4
- Delta Topco Limited Jersey4
- Dorna Italy Holdings S.R.L Italy4
- Dorna WSBK Organization S.R.L. Italy4
- Dorna Worldwide S.L.U Spain4
- F1 Academy Limited UK4
- Formula Motorsport Limited (fka GP2 Motorsport Limited) UK4
- Formula One Administration Limited UK4
- Formula One Asset Management Limited UK4
- Formula One Digital Media Limited UK4
- Formula One Hospitality and Event Services Limited UK4
- Formula One Licensing B.V. Netherlands4
- Formula One Management Limited UK4
- Formula One Marketing II Limited UK4
- Formula One Marketing Limited UK4
- Formula One Research, Engineering and Development Limited (fka Beta D3 Limited) UK4
- Formula One World Championship Limited UK4
- International Events Services S.L.U Spain4
- Libertad Especia, S.L.U. Spain4
- Liberty GR Cayman Holding Company Cayman Islands4
- Liberty GR Holding Company Limited Cayman Islands4
All 27 listed subsidiaries
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- Liberty Spinco, Inc.Oct 19, 2012 to Jan 11, 20133
Timeline
- Oct 9, 20268-K Regulation FD disclosure34
- Sep 2, 20268-K Executive or director change35
- Aug 13, 20268-K Unregistered sale of shares; Regulation FD disclosure; Other events36
- Aug 10, 20268-K Regulation FD disclosure37
- Aug 6, 20268-K Results of operations38
- Jul 15, 20268-K Regulation FD disclosure39
- Jun 18, 20268-K Regulation FD disclosure40
- May 12, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events41
- May 11, 20268-K Shareholder vote42
- May 7, 20268-K Results of operations43
- Apr 24, 20268-K Regulation FD disclosure44
- Apr 21, 20268-K Regulation FD disclosure45
- May 14, 2025New chief executive Derek Chang becomes CEO15
- Dec 27, 2012New chief executive Greg Maffei becomes CEO16
Calendar
Coming up
- Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.24 a share, on Nov 5, 2025.46
When it reported results
- Aug 6, 2026Reported quarterly or annual results38
- May 7, 2026Reported quarterly or annual results43
- Feb 26, 2026Reported quarterly or annual results47
- Nov 5, 2025Reported quarterly or annual results48
- Aug 7, 2025Reported quarterly or annual results49
- Jul 21, 2025Reported quarterly or annual results50
- May 7, 2025Reported quarterly or annual results51
- Feb 28, 2025Reported quarterly or annual results52
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
714 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 131 major events, 305 insider forms, 112 large holders, 146 other. The latest 20:
- Oct 9, 20268-K EDGAR
- Oct 1, 20263 EDGAR
- Sep 4, 2026SCHEDULE 13G EDGAR
- Sep 3, 2026SCHEDULE 13G EDGAR
- Sep 3, 2026SCHEDULE 13G/A EDGAR
- Sep 2, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20268-K EDGAR
- Aug 12, 2026SCHEDULE 13G EDGAR
- Aug 10, 20268-K EDGAR
- Aug 6, 20268-K EDGAR
- Aug 6, 202610-Q EDGAR
- Jul 15, 20268-K EDGAR
- Jun 18, 20268-K EDGAR
- Jun 16, 20264 EDGAR
- May 28, 20264 EDGAR
- May 27, 2026144 EDGAR
- May 12, 20268-A12B/A EDGAR
- May 12, 20268-K EDGAR
- May 12, 2026SCHEDULE 13G EDGAR
The 714 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
179 open-market trades by officers, directors and large owners since October 2021: 103 buys and 76 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 15, 2026 | Wilm Renee LChief Legal/Admin Officer | Sale | 11,597 | $90.09 | $1.0M | Form 4 |
| May 27, 2026 | CAREY CHASEDirector | Sale | 100,000 | $90.28 | $9.0M | Form 4 |
| Dec 17, 2025 | CAREY CHASEDirector | Sale | 83,536 | $96.94 | $8.1M | Form 4 |
| Dec 16, 2025 | CAREY CHASEDirector | Sale | 83,500 | $95.79 | $8.0M | Form 4 |
| Nov 12, 2025 | CAREY CHASEDirector | Sale | 81,006 | $102.89 | $8.3M | Form 4 |
| Nov 10, 2025 | CAREY CHASEDirector | Sale | 109,121 | $102.54 | $11.2M | Form 4 |
| Nov 7, 2025 | Wilm Renee LChief Legal/Admin Officer | Sale | 11,200 | $91.89 | $1.0M | Form 4 |
| Sep 12, 2025 | Wendling Brian JCAO/PFO | Sale | 4,430 | $102.00 | $451.9K | Form 4 |
| Sep 10, 2025 | Wendling Brian JCAO/PFO | Sale | 5,021 | $100.20 | $503.1K | Form 4 |
| Sep 8, 2025 | Gilchrist Malcolm Ian GrantDirector | Sale | 898 | $100.20 | $90.0K | Form 4 |
| Aug 27, 2025 | Gilchrist Malcolm Ian GrantDirector | Sale | 868 | $97.11 | $84.3K | Form 4 |
| Aug 25, 2025 | Gilchrist Malcolm Ian GrantDirector | Sale | 3,885 | $102.44 | $398.0K | Form 4 |
| Aug 12, 2025 | Wong Andrea LDirector | Sale | 2,615 | $97.07 | $253.8K | Form 4 |
| May 22, 2025 | Wong Andrea LDirector | Sale | 1,585 | $92.12 | $146.0K | Form 4 |
| May 13, 2025 | CAREY CHASEDirector | Sale | 100,000 | $96.38 | $9.6M | Form 4 |
| May 12, 2025 | CAREY CHASEDirector | Sale | 50,000 | $94.60 | $4.7M | Form 4 |
| May 9, 2025 | Wendling Brian JCAO/PFO | Sale | 9,500 | $95.21 | $904.5K | Form 4 |
| May 9, 2025 | Wilm Renee LChief Legal/Admin Officer | Sale | 66,510 | $95.25 | $6.3M | Form 4 |
| May 9, 2025 | Gilchrist Malcolm Ian GrantDirector | Sale | 1,303 | $94.79 | $123.5K | Form 4 |
| Dec 16, 2024 | MAFFEI GREGORY BPresident, CEO | Sale | 35,463 | $71.53 | $2.5M | Form 4 |
All 179 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 2 filings Sep 3, 2026 to Sep 4, 202653
- VANGUARD GROUP INCSCHEDULE 13G/A, 21 filings Feb 10, 2022 to Sep 3, 202654
- STATE OF WISCONSIN INVESTMENT BOARDSCHEDULE 13G/A, 3 filings Jan 10, 2022 to Aug 14, 202655
- NORGES BANKSCHEDULE 13G, 2 filings Feb 9, 2022 to Aug 12, 202656
- PRINCIPAL GLOBAL INVESTORSSCHEDULE 13G, 3 filings May 9, 2025 to May 12, 202657
- John C. MaloneSCHEDULE 13D/A, 9 filings Jun 8, 2023 to Mar 31, 202658
- Janus Henderson Group Ltd.SCHEDULE 13G/A, 8 filings Feb 10, 2022 to Nov 14, 202559
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 4 filings Nov 14, 2024 to Nov 14, 202560
- Linonia Partnership LPSCHEDULE 13G/A, 3 filings Oct 20, 202561
- Corvex Management LPSCHEDULE 13G/A, 2 filings Feb 13, 2024 to May 15, 202562
- ValueAct Capital Master Fund, L.P.SCHEDULE 13D/A, 2 filings Feb 11, 2025 to May 6, 202563
- BlackRockSCHEDULE 13G/A, 11 filings Feb 1, 2022 to Apr 17, 202564
- BarclaysSCHEDULE 13G/A, 3 filings Feb 14, 2024 to Mar 21, 202565
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 3 filings Feb 27, 2024 to Feb 14, 202566
- Caledonia (Private) Investments Pty LtdSC 13G/A, 4 filings Feb 15, 2022 to Nov 14, 202467
- BAUPOST GROUP LLC/MASC 13G/A, 7 filings Feb 11, 2022 to Nov 13, 202468
- JPMorgan ChaseSC 13G/A, 2 filings Jan 10, 2024 to May 8, 202469
- VANGUARD INDEX FUNDSSC 13G/A, 2 filings Feb 13, 2024 to Apr 10, 202470
- GAMCO InvestorsSC 13D/A, 9 filings Dec 8, 2021 to Feb 17, 202371
- HAWK RIDGE CAPITAL MANAGEMENT LPSC 13G/A, 2 filings Jan 26, 2023 to Feb 15, 202372
- Ancient Art, L.P.SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202373
- Broad Bay Capital Management, LPSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202374
- SOUTHEASTERN ASSET MANAGEMENT INC/TN/SC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202375
- SHAPIRO CAPITAL MANAGEMENT LLCSC 13G, 3 filings Feb 17, 2022 to Sep 9, 202276
- Ruane, Cunniff & Goldfarb L.P.SC 13G/A, 1 filing Feb 14, 202277
Stakes it holds
Liberty Media Corp has told the SEC it owns more than 5% of 4 companies, latest first (Schedules 13D and 13G).
- Live Nation EntertainmentSCHEDULE 13D/A Nov 14, 2024 to Dec 17, 202578
- Sirius XM RadSC 13D/A Nov 4, 2021 to Sep 11, 202479
- Liberty Media Acquisition CorpSC 13G Feb 14, 202280
- iHeartMediaSC 13D/A Oct 7, 202181
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Derek ChangPresident and Chief Executive Officer | $2.2M | $39.3M82 | |
| 2025 | Renee L. WilmChief Legal Officer and Chief Administrative Officer | $1.5M | $7.8M82 | |
| 2025 | Brian J. WendlingPrincipal Financial Officer and Chief Accounting Officer | $849.8K | $4.4M82 | |
| 2025 | John C. MaloneChairman of the Board | $3.9K | $1.4M82 | |
| 2024 | Renee L. WilmChief Legal Officer and Chief Administrative Officer | $1.5M | $3.9M82 | |
| 2024 | Brian J. WendlingPrincipal Financial Officer and Chief Accounting Officer | $668.2K | $2.2M82 | |
| 2024 | John C. MaloneChairman of the Board | $3.0K | $1.2M82 | |
| 2023 | Renee L. WilmChief Legal Officer and Chief Administrative Officer | $1.1M | $7.9M82 | |
| 2023 | Brian J. WendlingPrincipal Financial Officer and Chief Accounting Officer | $507.7K | $4.2M82 | |
| 2023 | John C. MaloneChairman of the Board | $2.9K | $1.3M82 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Linonia Partnership LP | 2,118,059 | $185.4M | 3.3% | No change |
| Principal Financial Group Inc | 1,483,855 | $129.9M | 0.1% | −34,973 |
| Norges Bank | 1,308,568 | $114.6M | 0.0% | New |
| State Of Wisconsin Investment Board | 1,195,287 | $104.6M | 0.2% | −98,687 |
| BlackRock, Inc. | 1,187,221 | $103.9M | 0.0% | +21,942 |
| Ashe Capital Management, LP | 1,184,179 | $103.7M | 11.1% | No change |
| Vanguard Capital Management LLC | 1,091,566 | $95.6M | 0.0% | +41,869 |
| Jupiter Topco LLC | 1,022,027 | $89.5M | 0.0% | New |
| Sculptor Capital LP | 1,000,000 | $87.5M | 1.3% | No change |
| Vanguard Portfolio Management LLC | 980,350 | $85.8M | 0.0% | −14,118 |
| Darsana Capital Partners LP | 850,000 | $74.4M | 0.3% | No change |
| Ruane, Cunniff & Goldfarb L.P. | 695,720 | $60.9M | 0.9% | −28,122 |
| Bamco Inc /ny/ | 479,738 | $42.0M | 0.1% | +163,164 |
| Geode Capital Management, LLC | 465,612 | $40.8M | 0.0% | +2,474 |
| Bank Of America Corp /de/ | 462,288 | $40.5M | 0.0% | −125,883 |
| Madison Asset Management, LLC | 454,871 | $39.8M | 0.5% | +8 |
| Hawk Ridge Capital Management LP | 441,500 | $38.6M | 1.3% | No change |
| Fmr LLC | 386,714 | $33.9M | 0.0% | +14,937 |
| Aspen Grove Capital, LLC | 350,317 | $30.7M | 4.4% | New |
| State Street Corp | 342,312 | $30.0M | 0.0% | −12,316 |
| Corvex Management LP | 318,350 | $27.9M | 0.9% | New |
| Samlyn Capital, LLC | 263,221 | $23.0M | 0.4% | +165,472 |
| Renaissance Technologies LLC | 259,422 | $22.7M | 0.0% | −87,700 |
| Nuveen, LLC | 255,366 | $22.4M | 0.0% | −2,596 |
| Morgan Stanley | 243,856 | $21.3M | 0.0% | +37,796 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| May 13, 2022 | John W. HickenlooperDemocratic, Senate | Buy | $1,001 - $15,000 | −36.9% | Report |
| May 13, 2022 | John W. HickenlooperDemocratic, Senate | Partial sale | $50,001 - $100,000 | +36.9% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Liberty Media Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLiberty Media Corp1
- CIK0001560385
- Employer ID (EIN)37-16994995
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)4833 Television Broadcasting Stations1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address12300 Liberty Boulevard, Englewood, CO 801121
- Phone720-875-54001
- Shares outstanding23,991,058 Liberty Formula One Group Common Class shares; 2,381,188 Liberty Formula One Group Common Class B shares; 224,102,531 Liberty Formula One Group Common Class C shares as of Jan 31, 20265
- Public float$32.1B as of Jun 30, 20255
- AuditorKPMG LLP, Denver, CO PCAOB ID 185; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceOct 19, 20121
- Filings1,780 in all: 4 (719), 8-K (325), SC 13G/A (139), 425 (79), SC 13G (71), SC 13D/A (58), 10-Q (41), 3 (36)1
All 50 form types
144 (27), S-8 POS (25), CORRESP (22), S-8 (19), DEFA14A (18), SCHEDULE 13G/A (17), UPLOAD (15), 10-K (14), DEF 14A (14), 4/A (12), 11-K (10), SC 13D (9), 8-K/A (8), 25-NSE (7), S-3ASR (7), S-4/A (7), SCHEDULE 13D/A (7), 424B3 (6), ARS (6), 8-A12B (5), PRER14A (5), SCHEDULE 13G (5), 10-12B/A (4), 424B2 (4), CERTNAS (4), POSASR (4), 10-K/A (3), DEFM14A (3), EFFECT (3), POS EX (3), PREM14A (3), S-4 (3), 3/A (2), 8-A12B/A (2), CERT (2), 10-12B (1), 144/A (1), 424B7 (1), CT ORDER (1), PRE 14A (1), SCHEDULE 13D (1), SD (1)
- Latest filingsAnnual report (10-K) Feb 26, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Mar 26, 2026
Latest 8-K (8-K) Oct 9, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Series A Liberty Formula One Common Stock | FWONA | The Nasdaq Stock Market LLC |
| Series C Liberty Formula One Common Stock | FWONK | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Liberty Media Corp names in Item 1A of its 10-K filed Feb 26, 2026: 40 risks under these headings, as written.5
- Risks Relating to our Corporate History, Macroeconomic Conditions and Industry
- Our businesses may not realize the benefits of acquisitions or other strategic investments and initiatives.
- The unaudited pro forma financial information of the Company and MotoGP included in this Annual Report on Form 10-K is presented for illustrative purposes only and does not purport to represent the actual results of operations of the Company or MotoGP had the acquisition of MotoGP occurred on January 1, 2024, or to project the results of operations of the Company for any future periods.
- Weak and uncertain economic conditions may reduce consumer demand for products, services and events offered by our businesses.
- Our Company has overlapping directors with QVC Group, Liberty Broadband, GCI Liberty and Liberty Live and overlapping management with Liberty Broadband, GCI Liberty and Liberty Live, which may lead to conflicting interests.
- Both of our operating subsidiaries have operations outside of the U.S. that are subject to numerous operational risks.
- We may be subject to significant tax liabilities related to the Liberty Sirius XM Holdings Split-Off and the Liberty Live Split-Off.
- The degradation, failure or misuse of the Company’s information systems could cause a disruption of services or improper loss, use and disclosure of personal data or other confidential information, resulting in increased costs, liabilities or loss of revenue.
- Formula 1 and MotoGP have been, and may in the future be, materially impacted by a pandemic or epidemic, such as COVID-19.
- We may have future capital needs and may not be able to obtain additional financing on acceptable terms and/or may not be able to obtain cash in amounts sufficient to service our corporate-level debt and other financial obligations.
- Risks Relating to Our Businesses
- There could be a decline in the popularity of Formula 1 or MotoGP, which may have a material adverse effect on Formula 1 or MotoGP’s ability to exploit its commercial rights to the F1 Championship or the MotoGP Championship, respectively.
The other 30 risks
- Termination of the 100-Year Agreements could cause Formula 1 to discontinue its operations.
- Termination of the FIM Agreement could cause MotoGP to discontinue its operations.
- Formula 1 Teams may, in certain circumstances, terminate their existing commitment to participate in the F1 Championship or breach their obligations and withdraw.
- Termination of the IRTA Agreements could cause MotoGP to discontinue its operations, and a reduction in the number of MotoGP Teams could reduce the appeal of the MotoGP Championship.
- The FIA may take actions that are not in Formula 1’s interest.
- The FIM may take actions that are not in MotoGP’s interest.
- Formula 1 and MotoGP may be subject to enforcement actions under competition laws.
- Formula 1 or MotoGP may be unable to renew, replace or renegotiate on favorable terms one or more of Formula 1’s or MotoGP’s respective race promotion, media rights or sponsorship contracts.
- Formula 1 and MotoGP are exposed to credit-related losses in the event of non-performance by counterparties to Formula 1’s and MotoGP’s respective key commercial contracts.
- Potential challenges by tax authorities in the jurisdictions in which Formula 1 and MotoGP operate could adversely affect Formula 1 and MotoGP’s respective financial results and position and in turn, the Company.
- Changes in tax laws could adversely affect Formula 1, MotoGP and the Company.
- Formula 1 and MotoGP may face difficulties expanding into new markets, including as a result of being unable to attract race promoters for new Events.
- Formula 1 and MotoGP’s respective businesses are subject to laws and regulations including with respect to advertising, media rights and the environment, and changes in and judicial interpretations of such laws and regulations could materially and adversely affect Formula 1, MotoGP and/or the Company.
- Events beyond Formula 1 or MotoGP’s control may cause one or more Events to be cancelled or postponed or prevent Formula 1 or MotoGP from providing an international television feed, each of which could result in the loss of revenue under Formula 1 or MotoGP’s respective commercial contracts.
- Accidents during Events may cause losses that are not covered by insurance, disrupt an Event and cause Formula 1 and/or MotoGP reputational damage.
- Terrorist acts during Events may cause Formula 1 and/or MotoGP damage and losses that are not covered by insurance.
- Rival motor sport events could be established involving existing Teams or different teams, or existing Teams may divert their resources to participate in another motor sport event, which could lead to fewer Teams and race circuits being involved in Formula 1 or MotoGP, or a Team’s primary engagement in motor sport being in another motor sport event, either of which could diminish the competitive position of Formula 1 and/or MotoGP.
- Changes in consumer viewing habits and the emergence of new content distribution platforms could adversely affect Formula 1 or MotoGP’s respective businesses and the Company.
- If confidential information regarding Formula 1 or MotoGP’s respective business arrangements is disclosed or leaked, it could affect Formula 1 or MotoGP’s relationships with counterparties and/or Teams and result in less favorable commercial contracts and adversely affect Formula 1 or MotoGP’s respective businesses and the Company.
- Formula 1 and MotoGP depend on trademarks, copyrights and intellectual property.
- Formula 1 and MotoGP’s processing, storing, sharing, use, disclosure and protection of personal data could give rise to liabilities as a result of governmental regulation, conflicting legal requirements and policies or differing views of personal privacy rights.
- The terms of Formula 1 and MotoGP’s respective indebtedness may limit their financial and operating flexibility.
- Variable rate indebtedness subjects Formula 1 and MotoGP to interest rate risk, which could cause their respective debt service obligations to increase significantly.
- Fluctuations in the value of the U.S. dollar and/or the Euro against the functional currencies of Formula 1 or MotoGP’s respective businesses and Formula 1 or MotoGP’s respective counterparties’ business could adversely affect Formula 1’s or MotoGP’s respective profitability and the Company.
- The Formula 1 Teams have certain governance rights under the 2026 Concorde Commercial Agreement that may limit or, at a minimum, influence actions that the Company may seek to cause Formula 1 to take.
- Risks Relating to the Ownership of our Common Stock
- Our multi-series structure may depress the trading price of the shares of our common stock.
- The market price of our common stock may be volatile and could fluctuate significantly.
- We have not in the past and may not in the future pay dividends on our common stock.
- Transactions in our common stock by our insiders could depress the market price of our common stock.
- It may be difficult for a third party to acquire our Company, even if doing so may be beneficial to our stockholders.
Legal proceedings
Refer to note 15 in the accompanying notes to the consolidated financial statements for information on our legal proceedings.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARDerek Chang, Chief executive officer
- 16SEC EDGARGreg Maffei, Chief executive officer
- 17SEC EDGARJohn C. Malone, Chair
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- 23SEC EDGARDerek Chang, Board member
- 24SEC EDGARBrian Deevy, Board member
- 25SEC EDGARAndrea L. Wong, Board member
- 26SEC EDGARDavid E. Rapley, Board member
- 27SEC EDGARDonne F. Fisher, Board member
- 28SEC EDGAREvan Daniel Malone, Board member
- 29SEC EDGARLarry E. Romrell, Board member
- 30
- 31SEC EDGARRobert Bennett, Board member
- 32SEC EDGARRenee L. Wilm, General counsel
- 33SEC EDGARRichard N. Baer, General counsel
- 34SEC EDGARRegulation FD disclosure
- 35SEC EDGARExecutive or director change
- 36
- 37SEC EDGARRegulation FD disclosure
- 38SEC EDGARResults of operations
- 39SEC EDGARRegulation FD disclosure
- 40SEC EDGARRegulation FD disclosure
- 41
- 42SEC EDGARShareholder vote
- 43SEC EDGARResults of operations
- 44SEC EDGARRegulation FD disclosure
- 45SEC EDGARRegulation FD disclosure
- 46NasdaqNasdaq calendar
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