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

Liberty Media's Operating Expenses history runs 15 years deep, the most recent figure standing at $647.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 25.88% year-over-year to $647.0 million; the TTM figure through Mar 2026 stood at $4.0 billion (up 19.14% YoY), while the FY2025 annual figure was $3.9 billion, up 16.01% from the prior year.
• Operating Expenses was $647.0 million for Q1 2026 at Liberty Media, down from $1.4 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.7 billion in Q3 2022 to a low of -$4.5 billion in Q4 2022.
• Historically, Operating Expenses has averaged $1.0 billion across 5 years, with a median of $1.1 billion in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses plunged 270.48% in 2022, then soared 124.33% in 2023.
• A 5-year view of Operating Expenses shows it stood at -$4.5 billion in 2022, then surged by 124.33% to $1.1 billion in 2023, then climbed by 3.08% to $1.1 billion in 2024, then climbed by 21.64% to $1.4 billion in 2025, then plunged by 53.22% to $647.0 million in 2026.
• The last three Operating Expenses figures came in at $647.0 million (Q1 2026), $1.4 billion (Q4 2025), and $936.0 million (Q3 2025), per Business Quant data.