Liberty Media (FWONA) Operating Expenses (2012 - 2026)
Liberty Media (FWONA) posted quarterly Operating Expenses of $647.0 million for Q1 2026, up 25.88% year-over-year from $514.0 million in Q1 2025, and down 53.22% quarter-over-quarter from $1.4 billion in Q4 2025.
Liberty Media (FWONA) Operating Expenses (2012 - 2026) Analysis & Trends
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 for Q1 2026 stood at $647.0 million, down from $1.4 billion 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.
- The 5-year median for Operating Expenses is $1.1 billion (2025), against an average of $1.0 billion.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses tumbled 270.48% in 2022, then surged 124.33% in 2023.
- Liberty Media's Operating Expenses stood at -$4.5 billion in 2022, then jumped by 124.33% to $1.1 billion in 2023, then advanced by 3.08% to $1.1 billion in 2024, then advanced by 21.64% to $1.4 billion in 2025, then tumbled by 53.22% to $647.0 million in 2026.
- Business Quant data shows FWONA's Operating Expenses at $647.0 million in Q1 2026, $1.4 billion in Q4 2025, and $936.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 20.49 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 8.48 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.24 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 846.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 527.52 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 991.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | Paramount Skydance | 11.45 Bn | 8.18 Bn | -2.08 Bn | -4.64 Bn |
Historic Data
Download 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 | 1.07 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 |