Liberty Media (FWONA) Cost of Revenue (2017 - 2026)
Liberty Media's (FWONA) quarterly Cost of Revenue came in at $413.0 million in Q1 2026, up 44.41% year-on-year from $286.0 million in Q1 2025, and up 679.25% quarter-over-quarter from $53.0 million in Q4 2025.
Liberty Media (FWONA) Cost of Revenue (2017 - 2026) Analysis & Trends
Liberty Media's Cost of Revenue history runs 10 years deep, the most recent figure standing at $413.0 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 44.41% year-over-year to $413.0 million in Q1 2026; TTM through Mar 2026 was $587.0 million, a 192.04% increase from a year earlier, with the FY2025 full-year figure at $213.0 million, up 9.79% from the prior year.
- Cost of Revenue climbed to $413.0 million in Q1 2026 per FWONA's latest filing, from $53.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.6 billion in Q4 2022 and bottomed at -$1.3 billion in Q4 2024.
- The 5-year median for Cost of Revenue is $413.0 million (2026), against an average of $368.9 million.
- Across the five-year window, Cost of Revenue jumped 295.56% in 2022 and slumped 242.0% in 2024, its largest moves.
- Year by year, Cost of Revenue stood at $1.6 billion in 2022, then slumped by 43.18% to $900.0 million in 2023, then slumped by 242.0% to -$1.3 billion in 2024, then soared by 104.15% to $53.0 million in 2025, then jumped by 679.25% to $413.0 million in 2026.
- Per Business Quant, the three latest FWONA Cost of Revenue figures stand at $413.0 million (Q1 2026), $53.0 million (Q4 2025), and $33.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 295.51 Bn | 286.39 Bn | 6.52 Bn | 6.04 Bn |
| 2 | Walt Disney | 170.79 Bn | 165.11 Bn | 10.75 Bn | 14.42 Bn |
| 3 | Warner Bros. Discovery | 63.06 Bn | 59.80 Bn | 4.25 Bn | 4.64 Bn |
| 4 | Live Nation Entertainment | 41.67 Bn | 32.60 Bn | 1.31 Bn | 2.48 Bn |
| 5 | Liberty Media | 30.19 Bn | 28.86 Bn | 298.00 Mn | 413.00 Mn |
| 6 | Fox | 21.54 Bn | 17.94 Bn | - | - |
| 7 | TKO Group Holdings | 21.23 Bn | 19.51 Bn | 862.52 Mn | 734.36 Mn |
| 8 | Roku | 21.08 Bn | 18.70 Bn | 564.94 Mn | 683.94 Mn |
| 9 | News | 17.12 Bn | 14.95 Bn | - | - |
| 10 | Sirius Xm Holdings | 10.51 Bn | 10.43 Bn | 2.09 Bn | 2.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 413.00 Mn |
| Mar 31, 2026 | 413.00 Mn |
| Dec 31, 2025 | 53.00 Mn |
| Dec 31, 2025 | 53.00 Mn |
| Sep 30, 2025 | 33.00 Mn |
| Sep 30, 2025 | 33.00 Mn |
| Jun 30, 2025 | 88.00 Mn |
| Jun 30, 2025 | 88.00 Mn |
| Mar 31, 2025 | 286.00 Mn |
| Mar 31, 2025 | 286.00 Mn |
| Dec 31, 2024 | -1.28 Bn |
| Dec 31, 2024 | -1.28 Bn |
| Sep 30, 2024 | 554.00 Mn |
| Sep 30, 2024 | 554.00 Mn |
| Jun 30, 2024 | 639.00 Mn |
| Jun 30, 2024 | 639.00 Mn |
| Mar 31, 2024 | 279.00 Mn |
| Mar 31, 2024 | 279.00 Mn |
| Dec 31, 2023 | 900.00 Mn |
| Dec 31, 2023 | 900.00 Mn |