Liberty Media (FWONA) Gross Margin (2017 - 2026)
Liberty Media (FWONA) posted quarterly Gross Margin of 41.91% for Q1 2026, up 589.0% year-over-year from 6.08% in Q1 2025, and down 56.66% quarter-over-quarter from 96.71% in Q4 2025.
Liberty Media (FWONA) Gross Margin (2017 - 2026) Analysis & Trends
Liberty Media's Gross Margin history runs 10 years deep, the most recent figure standing at 41.91% for Q1 2026.
- In Q1 2026, Gross Margin rose 589.0% year-over-year to 41.91%; the TTM figure through Mar 2026 stood at 87.63% (down 665.0% YoY), while the FY2025 annual figure was 95.25%, up 56.0% from the prior year.
- Gross Margin for Q1 2026 stood at 41.91%, down from 96.71% in the prior quarter.
- The five-year high for Gross Margin was 209.51% in Q4 2024, with the low at 26.36% in Q2 2023.
- The 5-year median for Gross Margin is 52.47% (2024), against an average of 72.28%.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 18268 bps in 2024, then plunged 11281 bps in 2025.
- Liberty Media's Gross Margin stood at 126.79% in 2022, then plunged by 79 bps to 26.83% in 2023, then soared by 681 bps to 209.51% in 2024, then slumped by 54 bps to 96.71% in 2025, then plunged by 57 bps to 41.91% in 2026.
- Business Quant data shows FWONA's Gross Margin at 41.91% in Q1 2026, 96.71% in Q4 2025, and 96.96% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 51.93% |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 45.84% |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 46.99% |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 25.34% |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 35.22% |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 49.73% |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 64.05% |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | 35.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 35.22% |
| Mar 31, 2026 | 41.91% |
| Dec 31, 2025 | 96.71% |
| Sep 30, 2025 | 96.96% |
| Jun 30, 2025 | 93.44% |
| Mar 31, 2025 | 36.02% |
| Dec 31, 2024 | 209.51% |
| Sep 30, 2024 | 39.19% |
| Jun 30, 2024 | 35.32% |
| Mar 31, 2024 | 52.47% |
| Dec 31, 2023 | 26.83% |
| Sep 30, 2023 | 34.29% |
| Jun 30, 2023 | 26.36% |
| Mar 31, 2023 | 50.00% |
| Dec 31, 2022 | 126.79% |
| Sep 30, 2022 | 84.79% |
| Jun 30, 2022 | 83.61% |
| Mar 31, 2022 | 94.55% |
| Dec 31, 2021 | 82.40% |
| Sep 30, 2021 | 95.87% |