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Nasdaq · Communication Services

Liberty Media Corp (FWONK)

As-reported financials and recent SEC filings for Liberty Media Corp, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Liberty Media Corp

Liberty Media Corporation operates primarily in the motorsport and live entertainment industries through its subsidiaries. Its main businesses include Formula 1, which manages the commercial rights and organization of the global Formula One World Championship, and MotoGP. The company serves a worldwide audience with events held in multiple countries and generates revenue from race promotion, media rights, sponsorships, hospitality programs, and related services.

Snapshot

Revenue
$4.48B
Revenue growth (YoY)
22.7%
Net income
$555.0M
Diluted EPS
Gross margin
Operating margin
12.9%
Net margin
12.4%
FCF margin
17.6%
ROE
P/E (TTM)
42.9×
Market cap
$24.64B
Debt / equity

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Liberty Media

  • Revenue grew 22.7% to $4.5B in FY2025, faster than the 2.3% the year before.
  • Operating margin is 12.9% in FY2025, -4.5 pp against 17.3% in FY2021.
  • Most recent quarter Q1 FY2026: revenue $711M, up 59.1% from Q1 FY2025.
  • Free cash flow was $789M in FY2025, 17.6% of revenue.
  • Net income turned positive at $555M in FY2025, from a $2.1B loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Liberty Media’s fundamentals sit among the 215 Communication Services companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin12.9%
78th percentile of 186
Net margin12.4%
83rd percentile of 192
FCF margin17.6%
80th percentile of 165
Revenue growth (YoY)+22.7%
83rd percentile of 208
P/E (TTM)42.9×
69th percentile of 95
Short interest4.08d
49th percentile of 215

No open-market insider buys in the last 90 days; 3 insider sales totaling $10.1M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 4 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
4
+6 quant / multi-strat
Initiated / added
6
0 new, 6 added
Reduced / exited
5
3 trimmed, 2 exited
Combined position
$1.55B
reported long value
InvestorAs ofPosition valueSharesChange
Ruane Cunniff (Sequoia)Q1 2026$455.5M5.4MReduced
D. E. ShawquantQ1 2026$276.9M3.3MAdded
Tiger Global ManagementQ1 2026$228.0M2.7MHeld
Point72 Asset ManagementquantQ1 2026$143.3M1.7MAdded
Sands Capital ManagementQ1 2026$132.6M1.6MReduced
Millennium ManagementquantQ1 2026$118.6M1.4MAdded
Citadel AdvisorsquantQ1 2026$102.6M1.2MReduced
Renaissance TechnologiesquantQ1 2026$70.4M827.5KAdded
Soros Fund ManagementQ1 2026$21.0M246.9KAdded
AQR Capital ManagementquantQ1 2026$2.7M32.0KAdded

No longer held by: Berkshire Hathaway (as of Q1 2026), Bridgewater Associates (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
3
$10.1M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-15
filed 2026-06-16
Wilm Renee LChief Legal/Admin OfficerSell11.6K$90.09$1.0M
2026-05-27
filed 2026-05-28
CAREY CHASEDirectorSell98.5K$90.27$8.9M
2026-05-27
filed 2026-05-28
CAREY CHASEDirectorSell1.5K$91.12$132K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
8.3M
settled 2026-07-15
Change vs prior
-0.1%
vs previous settlement
Days to cover
4.08
at avg daily volume
Avg daily volume
2.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-158.3M-0.1%4.08
2026-06-308.3M-3.8%3.31
2026-06-158.6M-5.2%5.41
2026-05-299.1M+8.4%4.92
2026-05-158.4M+1.6%3.87
2026-04-308.3M-2.4%3.98
2026-04-158.5M+4.9%4.82
2026-03-318.1M-1.0%4.45

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.48B$3.65B$3.57B$3.16B$11.40B
Gross profit
Operating income$577.0M$287.0M$266.0M$145.0M$1.98B
Net income$555.0M$-2.06B$761.0M$1.81B$398.0M
Diluted EPS

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$908.0M$567.0M$651.0M$578.0M$2.44B
Capital expenditure$119.0M$75.0M$461.0M$309.0M$440.0M
Free cash flow$789.0M$492.0M$190.0M$269.0M$2.00B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$711.0M59.1%$57.0M
Q4 FY2025$1.61B37.9%$333.0M
Q3 FY2025$1.08B19.1%$13.0M
Q2 FY2025$1.34B35.7%$204.0M
Q1 FY2025$447.0M-23.9%$5.0M
Q4 FY2024$1.17B-5.1%$-355.0M
Q3 FY2024$911.0M-2.7%$-2.37B
Q2 FY2024$988.0M-0.6%$457.0M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorCommunication Services
SIC industryTelevision Broadcasting Stations
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2019
SEC CIK1560385

Recent SEC filings

10-K2026-02-26
View on EDGAR →
10-K2025-02-27
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
10-Q2025-05-07
View on EDGAR →
8-K2026-07-15
View on EDGAR →
8-K2026-06-18
View on EDGAR →

Largest Communication Services peers

All Communication Services companies →

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.