MotoGP Momentum and Market Expansion
First full season under Liberty shows encouraging traction: U.S. Grand Prix on FOX averaged ~500k viewers, U.S. social followers up 16% since Jan 2025, global owned social followers nearly 62 million, video reels growth ~40% YoY, and strong ticketing demand including a record 228k at Jerez and Brazil broadcast audiences above 1.6 million.
Commercial and Hospitality Upside
Strong sponsorship momentum with new partners (Standard Chartered, Marsh, FanDuel) and renewals (Salesforce, Fanatec); hospitality demand is high—Paddock Club nearly sold out for remaining races and organizers are increasing premium capacity at key venues. Retail sales up 125% during the quarter (China retail +~80% YoY).
Solid Liquidity and Undrawn Facilities
Liberty Media ended the quarter with $1.3 billion of cash and liquid investments (including $862M at F1 and $186M at MotoGP). Total revolvers ($500M at F1 and €100M at MotoGP) were undrawn at quarter end.
Strong Top-Line and Profitability Growth
Quarterly revenue increased 53% year‑over‑year and adjusted OIBDA grew 102% year‑over‑year, driven by an extra race in the quarter, season-based revenue recognition, and underlying contractual fee growth across F1 and MotoGP.
Record and Rising Fan Engagement
Formula One reported sold‑out crowds for the first four races with 1.3 million attendees to date and the Australian Grand Prix setting a new attendance record; F1 social following grew nearly 20% YoY to over 120 million followers, YouTube content views were ~600 million (up 46% YoY), and Instagram followers grew ~30% YoY.
Successful New and Renewed Media Partnerships
Apple launched as the exclusive U.S. media partner with early viewership gains (higher average viewership across track sessions vs prior season) and product enhancements; F1 TV revenue rose 28% YoY. Liberty also announced multi‑year renewals with Sky (UK and Italy) and other local broadcast renewals.