Liberty Media Corporation
libertymedia.comWhat Do They Do?
Commercializes a global motor-racing championship and a motorcycle racing championship, selling event, broadcast and sponsorship rights to race promoters, broadcasters and advertisers.
10-K for FY2025, filed Feb 26, 2026Formula 1 holds the exclusive commercial rights with respect to the Fédération Internationale de l’Automobile (“FIA”) Formula One World…View ↗
Formula 1 is responsible for the commercial exploitation and development of the F1 Championship, in the course of which it coordinates and…View ↗
Formula 1 derives its primary revenue from the commercial exploitation and development of the F1 Championship through a combination of race…View ↗
Primary revenue. MotoGP holds the exclusive commercial rights with respect to the FIM Grand Prix World Championship (the “MotoGP…View ↗
How Do They Make Money?
Promoters, broadcasters and sponsors pay for race-promotion, media and sponsorship arrangements, generally in advance; fees relate to a specific event or to a longer season or calendar period.
10-K for FY2025, filed Feb 26, 2026Our customers generally pay for services in advance of the performance obligation and therefore these prepayments are recorded as deferred…View ↗
Formula 1 derives its primary revenue from the commercial exploitation and development of the F1 Championship through a combination of race…View ↗
Primary revenue. Formula 1 holds exclusive commercial rights with respect to the Formula One World Championship (the “F1 Championship”), an…View ↗
Primary revenue. MotoGP holds the exclusive commercial rights with respect to the FIM Grand Prix World Championship (the “MotoGP…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by product or service ↗
$4.5B
-
10-K for FY2025, filed Feb 26, 2026
$4.5B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Motorsport
|
92% |
Motorsport, FY2025
$4.1B Sources
|
|
Other
|
8.4%
FY2022: 19%
|
Other, FY2025
$377M Sources
|
Who Are Their Customers?
Race promoters—often circuit owners, automobile clubs, special-event organizers or government bodies—contract for event rights; broadcasters contract for media rights, and advertisers and sponsors contract for sponsorships.
10-K for FY2025, filed Feb 26, 2026Formula 1 is responsible for the commercial exploitation and development of the F1 Championship, in the course of which it coordinates and…View ↗
Race promoters are generally circuit owners, local and national automobile clubs, special event organizers or governmental bodies. Race…View ↗
Media Rights. Media rights revenue comprised 31.3%, 32.8% and 32.2% of Formula 1’s total revenue for the years ended December 31, 2025…View ↗
Sponsorship. Sponsorship revenue comprised 21.7%, 18.6% and 18.0% of Formula 1’s total revenue for the years ended December 31, 2025, 2024…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 26, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
Shrinking. Revenue fell 61% in 4 years, from $11.4B in FY2021 to $4.5B in FY2025, about 21% a year.
Added motorcycle racing
The older report describes the group as holding an interest in the car-racing championship; the latest report also includes a motorcycle-racing championship business.
10-K for FY2022, filed Mar 1, 2023The Liberty Formula One common stock is intended to track and reflect the separate economic performance of the businesses, assets and…View ↗
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