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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |