stockrowLatest quarter
Liberty Media reported revenue, as the consensus counts it, of $934.0 million for the quarter to June 30, 2026, compared with the consensus revenue of $955.7 million. The company’s reported revenue was −2.27% against the consensus. Diluted EPS was $0.02 in Q2 FY2026, compared with $1.52 in Q2 FY2025; the company reported the year-on-year diluted EPS change as −98.7%.
Liberty Media describes Formula One’s revenue sources as race-hosting fees, ticket sales, sponsorships and partnerships, media-rights licensing, merchandising and licensing arrangements, and financial agreements with Formula One teams. The company also says that a portion of revenue from races, media rights and sponsorships is distributed among the teams.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Diluted EPS | $0.02 | $1.52 | −98.7% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Revenue | $934.0 million | $955.7 million | Missed by 2.27% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
Liberty Media describes Formula One as a motorsport and entertainment business within Liberty Media Corporation. The company identifies Stefano Domenicali as President and CEO of Formula One Group.
According to Liberty Media’s description, Formula One organizes and promotes races held across different countries. The company says race-hosting fees are paid by host countries or cities, while ticket sales generate revenue from live attendance at Grand Prix events. Sponsorships and partnerships with brands also form part of the business’s event-related revenue.
Liberty Media says Formula One licenses broadcasting rights to television networks and streaming platforms. The company describes broadcasting agreements as long-term contracts with broadcasters and identifies digital streaming revenue from its proprietary F1 TV service.
The company also describes merchandising and licensing as revenue sources. Its description includes official merchandise such as apparel, accessories and collectibles sold online and at events, alongside licensing arrangements with manufacturers of Formula One-branded products.
Liberty Media further says Formula One benefits from financial agreements with its teams. The company describes a model in which a portion of revenue generated from races, media rights and sponsorships is distributed among the teams.
Guidance
Liberty Media describes Formula One revenue as arising from race-hosting fees, ticket sales, sponsorships and partnerships, broadcasting agreements, digital streaming, official merchandise, licensing deals, and financial agreements with teams. The company also says a portion of revenue from races, media rights and sponsorships is distributed among teams.