Formula One Group Earnings Recaps
Q3 2025
Nov 6, 2025
Liberty Media Corporation delivered strong operational momentum in Q3 2025, underscored by strategic advancements, including the impending split-off of Liberty Live and robust performance in both Formula One and MotoGP.
Key takeaways
- Expected completion of the Liberty Live split-off on December 15, aimed at enhancing asset value.
- Formula One continues to thrive, highlighted by a renewed multiyear deal with Heineken and a strategic partnership with Apple to broaden U.S. market engagement.
- MotoGP is experiencing elevated investments for growth, with management focused on enhancing fan experience and expanding global reach.
- At quarter-end, Formula One Group reported cash and liquid investments totaling $1.3 billion, with a proactive approach to debt management and refinancing.
- OIBDA performance reflects strong underlying fundamentals, despite challenges such as one fewer race this season.