Liberty Media (FWONA) Operating Income (2011 - 2026)
Liberty Media (FWONA) recorded Operating Income of $88 million in Q2 2026, down 68.6% from $280 million a year earlier but up 37.5% from the prior quarter.
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Analysis
Liberty Media (FWONA) Operating Income (2011 - 2026) Analysis & Trends
On a TTM basis, Liberty Media's Operating Income came in at $516 million as of Jun 30, 2026, up 49.1% year-over-year; for FY2025, it came in at $577 million, up 101.0% from FY2024.
- Annual Operating Income has increased for three straight years, with a five-year compound annual growth rate of 26.7% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $287 million in FY2024 (+7.9%), $266 million in FY2023 (+83.4%), $145 million in FY2022 (-92.7%) and $1.98 billion in FY2021.
- Quarterly Operating Income has ranged from -$1.38 billion in Q4 2022 to $702 million in Q3 2021 over the past five years.
- On a year-over-year basis, Operating Income rose in four of the last six quarters, with growth averaging 179.0%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 795.7% in Q4 2025, against a decline of 87.2% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $64 million (Q1 2026), $206 million (Q4 2025) and $158 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 40.51 Bn | 9.58 Bn | 1.94 Bn | 521.92 Mn |
| 2 | TKO Group Holdings | 34.58 Bn | 31.54 Bn | 990.96 Mn | 429.81 Mn |
| 3 | Liberty Media | 19.43 Bn | 14.75 Bn | 329.00 Mn | 88.00 Mn |
| 4 | Liberty Live Holdings | 8.93 Bn | 6.98 Bn | 30.26 Mn | -944,000.00 |
| 5 | Madison Square Garden Entertainment | 3.31 Bn | 2.50 Bn | 75.84 Mn | -8.64 Mn |
| 6 | Amc Entertainment Holdings | 2.37 Bn | 456.31 Mn | 1.05 Bn | 238.10 Mn |
| 7 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 19.50 Mn |
| 8 | Marcus | 882.04 Mn | 813.63 Mn | 106.56 Mn | 27.07 Mn |
| 9 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 7.48 Mn |
| 10 | Nip | 31.30 Mn | -28,742.19 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 88.00 Mn |
| Mar 31, 2026 | 64.00 Mn |
| Dec 31, 2025 | 206.00 Mn |
| Sep 30, 2025 | 158.00 Mn |
| Jun 30, 2025 | 280.00 Mn |
| Mar 31, 2025 | -67.00 Mn |
| Dec 31, 2024 | 23.00 Mn |
| Sep 30, 2024 | 110.00 Mn |
| Jun 30, 2024 | 59.00 Mn |
| Mar 31, 2024 | 95.00 Mn |
| Dec 31, 2023 | 116.00 Mn |
| Sep 30, 2023 | 101.00 Mn |
| Jun 30, 2023 | 71.00 Mn |
| Mar 31, 2023 | -33.00 Mn |
| Dec 31, 2022 | -1.38 Bn |
| Sep 30, 2022 | 506.00 Mn |
| Jun 30, 2022 | 556.00 Mn |
| Mar 31, 2022 | 463.00 Mn |
| Dec 31, 2021 | 511.00 Mn |
| Sep 30, 2021 | 702.00 Mn |
API Access
Liberty Media Operating Income 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=operating-income&ticker=FWONA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=FWONA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();