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
DateValue
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