Liberty Media (FWONA) Cost of Revenue (2017 - 2026)
Liberty Media (FWONA) posted Cost of Revenue of $605.0 million for Q2 2026, up 46.49% on a QoQ basis from $413.0 million in Q1 2026, and down 22.34% year-over-year from $779.0 million in Q2 2025.
Analysis
Liberty Media (FWONA) Cost of Revenue (2017 - 2026) Analysis & Trends
Liberty Media has reported Cost of Revenue for 10 years, with the latest figure at $605.0 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 22.34% year-over-year to $605.0 million in Q2 2026; TTM through Jun 2026 was -$3.7 billion, a 0.32% change from a year earlier, with the FY2025 full-year figure at $2.8 billion, up 20.23% from the prior year.
- Cost of Revenue was $605.0 million for Q2 2026 at Liberty Media, up from $413.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $10.3 billion in Q4 2022, with the low at -$11.1 billion in Q4 2025.
- Average Cost of Revenue over 5 years is $390.3 million, with a median of $704.5 million recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 1369.63% in 2022, then slumped 200.9% in 2023.
- Over 5 years, Cost of Revenue stood at $10.3 billion in 2022, then plunged by 200.9% to -$10.4 billion in 2023, then slipped by 1.89% to -$10.5 billion in 2024, then dropped by 5.68% to -$11.1 billion in 2025, then jumped by 105.43% to $605.0 million in 2026.
- The last three Cost of Revenue figures came in at $605.0 million (Q2 2026), $413.0 million (Q1 2026), and -$11.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 39.85 Bn | 30.78 Bn | 1.94 Bn | 5.72 Bn |
| 2 | Liberty Media | 21.86 Bn | 20.23 Bn | 329.00 Mn | 605.00 Mn |
| 3 | TKO Group Holdings | 14.58 Bn | 13.03 Bn | 990.96 Mn | 556.12 Mn |
| 4 | Liberty Live Holdings | 8.69 Bn | 8.17 Bn | 30.26 Mn | 116.80 Mn |
| 5 | Madison Square Garden Entertainment | 3.63 Bn | 3.34 Bn | 75.84 Mn | 120.48 Mn |
| 6 | Emerald Holding | 997.46 Mn | 876.36 Mn | 99.50 Mn | 55.90 Mn |
| 7 | TEN Holdings | 39.99 Mn | 34.06 Mn | 627,000.00 | 104,000.00 |
| 8 | Nip | 37.24 Mn | -10,346.86 Bn | - | - |
| 9 | Lingerie Fighting Championships | 128,025.52 | 108,697.52 | -1,246.00 | 31,710.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 605.00 Mn |
| Mar 31, 2026 | 413.00 Mn |
| Dec 31, 2025 | -11.15 Bn |
| Sep 30, 2025 | 6.44 Bn |
| Jun 30, 2025 | 779.00 Mn |
| Mar 31, 2025 | 286.00 Mn |
| Dec 31, 2024 | -10.55 Bn |
| Sep 30, 2024 | 5.78 Bn |
| Jun 30, 2024 | 4.41 Bn |
| Mar 31, 2024 | 279.00 Mn |
| Dec 31, 2023 | -10.35 Bn |
| Sep 30, 2023 | 6.30 Bn |
| Jun 30, 2023 | 732.00 Mn |
| Mar 31, 2023 | 700.00 Mn |
| Dec 31, 2022 | 10.26 Bn |
| Sep 30, 2022 | 709.00 Mn |
| Jun 30, 2022 | 711.00 Mn |
| Mar 31, 2022 | 670.00 Mn |
| Dec 31, 2021 | 698.00 Mn |
| Sep 30, 2021 | 671.00 Mn |