Liberty Media (FWONA) Cost of Revenue (2017 - 2026)
Liberty Media's Cost of Revenue came in at $605 million for Q2 2026, down 30.2% from $867 million a year earlier but up 46.5% from the prior quarter.
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Analysis
Liberty Media (FWONA) Cost of Revenue (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Liberty Media reported Cost of Revenue of -$3.48 billion; for FY2025, it was $2.97 billion, up 19.4% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of -8.2% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $2.49 billion in FY2024 (+11.1%), $2.24 billion in FY2023 (-81.9%), $12.35 billion in FY2022 (+126.3%) and $5.46 billion in FY2021 (+19.9%).
- The five-year range for quarterly Cost of Revenue is -$10.93 billion (Q4 2025) to $8.05 billion (Q4 2022).
- Year-over-year, Cost of Revenue increased in three of the last six quarters, with an average decline of 12.3%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q4 2022 (growth of 401.1%), and the weakest in Q2 2025 (a decline of 80.3%).
- Business Quant data shows FWONA's Cost of Revenue at $413 million (Q1 2026), -$10.93 billion (Q4 2025) and $6.44 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 39.78 Bn | 8.85 Bn | 1.94 Bn | 5.72 Bn |
| 2 | TKO Group Holdings | 33.44 Bn | 30.40 Bn | 990.96 Mn | 556.12 Mn |
| 3 | Liberty Media | 18.71 Bn | 14.03 Bn | 329.00 Mn | 605.00 Mn |
| 4 | Liberty Live Holdings | 8.81 Bn | 6.86 Bn | 30.26 Mn | 116.80 Mn |
| 5 | Cinemark Holdings | 4.18 Bn | 797.64 Mn | - | - |
| 6 | Madison Square Garden Entertainment | 3.23 Bn | 2.43 Bn | 75.84 Mn | 120.48 Mn |
| 7 | Amc Entertainment Holdings | 1.99 Bn | 80.86 Mn | 1.05 Bn | 548.00 Mn |
| 8 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 55.90 Mn |
| 9 | Marcus | 831.33 Mn | 762.92 Mn | 106.56 Mn | 125.19 Mn |
| 10 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 52.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 605.00 Mn |
| Mar 31, 2026 | 413.00 Mn |
| Dec 31, 2025 | -10.93 Bn |
| Sep 30, 2025 | 6.44 Bn |
| Jun 30, 2025 | 867.00 Mn |
| Mar 31, 2025 | 325.00 Mn |
| Dec 31, 2024 | -10.35 Bn |
| Sep 30, 2024 | 5.78 Bn |
| Jun 30, 2024 | 4.41 Bn |
| Mar 31, 2024 | 305.00 Mn |
| Dec 31, 2023 | -10.35 Bn |
| Sep 30, 2023 | 6.30 Bn |
| Jun 30, 2023 | 1.58 Bn |
| Mar 31, 2023 | 1.23 Bn |
| Dec 31, 2022 | 8.05 Bn |
| Sep 30, 2022 | 1.54 Bn |
| Jun 30, 2022 | 1.58 Bn |
| Mar 31, 2022 | 1.18 Bn |
| Dec 31, 2021 | 1.61 Bn |
| Sep 30, 2021 | 1.45 Bn |
API Access
Liberty Media Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FWONA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "FWONA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=FWONA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();