Liberty Media Reports Strong Q3 2025 Results: Formula 1 and MotoGP Highlights

Liberty Media's Formula 1 Group reported robust figures, with total revenue reaching $869 million for the third quarter, a slight increase from $861 million in the previous year. The company attributed much of this growth to renewed agreements with several Grand Prix events, including the Austin Grand Prix through 2034, the Azerbaijan Grand Prix through 2030, and an extension of the Monaco Grand Prix through 2035.

In a significant move, Liberty announced Apple as its new U.S. broadcast partner, coinciding with the success of "F1 The Movie," which grossed approximately $630 million globally, becoming Apple's largest film to date. This partnership is expected to enhance the visibility and accessibility of Formula 1 in the United States, a key market for the sport.

Liberty Media's acquisition of MotoGP, completed on July 3, 2025, has already begun to contribute positively to the company's financials. MotoGP generated $169 million in revenue for the quarter, marking a significant addition to Liberty’s motorsport portfolio. The company renewed agreements with key races, including the Japanese Grand Prix through 2030 and several European events through 2031. Additionally, MotoGP secured a new sponsorship deal with Repsol for its Moto2 and Moto3 series.

The refinancing of MotoGP's debt facilities has also been a critical step, featuring extended maturities and reduced interest rates that should reduce financial pressure on the new acquisition.

Liberty Live Group, which includes investments in Live Nation, reported a fair value of $11.4 billion as of September 30, 2025. The company has indicated that it expects to complete a split-off of Liberty Live into a separate entity, Liberty Live Holdings, Inc., on December 15, 2025, which could further highlight the value of its investments.

For the third quarter of 2025, Liberty Media's consolidated revenue was $1.085 billion, with an operating income of $149 million. This compares favorably to $911 million in revenue and $107 million in operating income reported in Q3 2024. The adjusted OIBDA increased from $207 million to $297 million year-over-year, reflecting enhanced operational performance across its divisions.

Derek Chang, President and CEO of Liberty Media, expressed his optimism regarding the company's trajectory: “Formula 1 delivered robust financial performance and is capitalizing on its global popularity, driving record attendance at races and continuing to expand ways to reach new and existing fans. In our first months of MotoGP ownership, we are working on near-term operating enhancements as well as setting the stage for longer-term monetization opportunities to accelerate growth.”

Stefano Domenicali, Formula 1 President and CEO, added that the organization is seeing increased engagement and is confident about the future growth of F1, especially with the new partnership with Apple.

Liberty Media's third-quarter results for 2025 underscore its strategic direction and the strength of its motorsports segment. With significant partnerships like that with Apple, renewed race agreements, and the successful integration of MotoGP, the company is well-positioned to capitalize on the growing popularity of motorsport globally. As Liberty Media approaches the split-off of Liberty Live Group, investors and fans alike will be watching closely to see how these developments unfold.