Liberty Media (FWONA) Gross Margin (2017 - 2026)
Liberty Media (FWONA) posted Gross Margin of 35.22% for Q2 2026, down 0.12 percentage points from 35.35% a year earlier and down 6.69 percentage points from the prior quarter.
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Analysis
Liberty Media (FWONA) Gross Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Liberty Media was 180.11%, down 7.32 percentage points year-over-year; for FY2025, it was 33.71%, up 1.82 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -17.66 percentage points (FY2020 to FY2025).
- In prior years, Liberty Media's Gross Margin was 31.89% in FY2024 (-5.40 pp), 37.29% in FY2023 (+327.93 pp), -290.64% in FY2022 (-342.77 pp) and 52.13% in FY2021 (+0.76 pp).
- Quarterly Gross Margin has run from a low of -572.86% in Q3 2023 to a high of 987.06% in Q4 2024 over five years.
- On a year-over-year basis, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +36.59 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q2 2025, with a gain of 381.50 percentage points; the weakest was Q3 2023, with a drop of 625.59 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 41.91% (Q1 2026), 779.43% (Q4 2025) and -493.36% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 40.88 Bn | 7.38 Bn | 2.36 Bn | 23.33% |
| 2 | Liberty Media | 25.35 Bn | 19.15 Bn | 494.00 Mn | 40.29% |
| 3 | TKO Group Holdings | 13.90 Bn | 11.06 Bn | 871.13 Mn | 64.05% |
| 4 | Liberty Live Holdings | 9.40 Bn | 7.31 Bn | 20.12 Mn | 18.99% |
| 5 | Cinemark Holdings | 4.46 Bn | 870.56 Mn | - | - |
| 6 | Madison Square Garden Entertainment | 3.67 Bn | 2.70 Bn | 90.38 Mn | 41.62% |
| 7 | Amc Entertainment Holdings | 2.79 Bn | 494.56 Mn | 1.13 Bn | 65.89% |
| 8 | Marcus | 821.34 Mn | 700.09 Mn | 113.63 Mn | 47.79% |
| 9 | Reading International | 39.37 Mn | 9.48 Mn | 14.10 Mn | 21.08% |
| 10 | Nip | 10.27 Mn | -30,357.31 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 40.29% |
| Jun 30, 2026 | 35.22% |
| Mar 31, 2026 | 41.91% |
| Jun 30, 2025 | 35.35% |
| Mar 31, 2025 | 27.29% |
| Jun 30, 2024 | -77.73% |
| Mar 31, 2024 | 48.04% |
| Dec 31, 2023 | 282.44% |
| Sep 30, 2023 | -78.63% |
| Jun 30, 2023 | -59.15% |
| Mar 31, 2023 | -198.54% |
| Sep 30, 2022 | 52.73% |
| Jun 30, 2022 | 51.47% |
| Mar 31, 2022 | 53.91% |
| Dec 31, 2021 | 49.34% |
| Sep 30, 2021 | 53.32% |
| Jun 30, 2021 | 51.98% |
| Mar 31, 2021 | 54.61% |
| Dec 31, 2020 | 50.83% |
| Sep 30, 2020 | 47.07% |
API Access
Liberty Media Gross Margin 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=gross-margin&ticker=FWONA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=FWONA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();