Liberty Media FWONA
NASDAQ FWONA
$87.33 -1.05 (-1.19%)
As of: Sep 8, 2026 · 3:59 PM EDT

Liberty Media (FWONA) Operating Expenses (2012 - 2026)

Liberty Media (FWONA) posted Operating Expenses of $846.0 million for Q2 2026, up 30.76% on a QoQ basis from $647.0 million in Q1 2026, and down 20.26% year-over-year from $1.1 billion in Q2 2025.

Analysis

Liberty Media (FWONA) Operating Expenses (2012 - 2026) Analysis & Trends

Liberty Media has reported Operating Expenses for 15 years, with the latest figure at $846.0 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 20.26% year-over-year to $846.0 million in Q2 2026; TTM through Jun 2026 was $3.8 billion, a 8.42% increase from a year earlier, with the FY2025 full-year figure at $3.9 billion, up 16.01% from the prior year.
  • Operating Expenses was $846.0 million for Q2 2026 at Liberty Media, up from $647.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $2.7 billion in Q3 2022, with the low at -$4.5 billion in Q4 2022.
  • Average Operating Expenses over 5 years is $1.0 billion, with a median of $998.5 million recorded in 2025.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 270.48% in 2022, then jumped 124.33% in 2023.
  • Over 5 years, Operating Expenses stood at -$4.5 billion in 2022, then soared by 124.33% to $1.1 billion in 2023, then grew by 3.08% to $1.1 billion in 2024, then grew by 21.64% to $1.4 billion in 2025, then tumbled by 38.83% to $846.0 million in 2026.
  • The last three Operating Expenses figures came in at $846.0 million (Q2 2026), $647.0 million (Q1 2026), and $1.4 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Live Nation Entertainment 39.85 Bn 30.78 Bn 1.94 Bn 1.36 Bn
2 Liberty Media 21.86 Bn 20.23 Bn 329.00 Mn 846.00 Mn
3 TKO Group Holdings 14.58 Bn 13.03 Bn 990.96 Mn 1.12 Bn
4 Liberty Live Holdings 8.69 Bn 8.17 Bn 30.26 Mn 148.00 Mn
5 Madison Square Garden Entertainment 3.63 Bn 3.34 Bn 75.84 Mn 70.26 Mn
6 Emerald Holding 997.46 Mn 876.36 Mn 99.50 Mn 71.90 Mn
7 TEN Holdings 39.99 Mn 34.06 Mn 627,000.00 3.62 Mn
8 Nip 37.24 Mn -10,346.86 Bn - -
9 Lingerie Fighting Championships 128,025.52 108,697.52 -1,246.00 83,918.00
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 846.00 Mn
Mar 31, 2026 647.00 Mn
Dec 31, 2025 1.38 Bn
Sep 30, 2025 936.00 Mn
Jun 30, 2025 1.06 Bn
Mar 31, 2025 514.00 Mn
Dec 31, 2024 1.14 Bn
Sep 30, 2024 804.00 Mn
Jun 30, 2024 931.00 Mn
Mar 31, 2024 494.00 Mn
Dec 31, 2023 1.10 Bn
Sep 30, 2023 835.00 Mn
Jun 30, 2023 2.72 Bn
Mar 31, 2023 2.22 Bn
Dec 31, 2022 -4.53 Bn
Sep 30, 2022 2.74 Bn
Jun 30, 2022 2.70 Bn
Mar 31, 2022 2.11 Bn
Dec 31, 2021 2.66 Bn
Sep 30, 2021 2.40 Bn