Liberty Media (FWONA) Shares Outstanding (Diluted) (2011 - 2026)
Liberty Media (FWONA) recorded Shares Outstanding (Diluted) of 252 million in Q2 2026, down 26.7% from 344 million a year earlier and down 3.4% from the prior quarter.
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Analysis
Liberty Media (FWONA) Shares Outstanding (Diluted) (2011 - 2026) Analysis & Trends
For FY2025, Liberty Media reported Shares Outstanding (Diluted) of 258 million, down 23.0% from FY2024.
- Annual Shares Outstanding (Diluted) has declined for three straight years, with a five-year compound annual growth rate of -16.5% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Diluted) came in at 335 million in FY2024 (-42.5%), 583 million in FY2023 (-9.2%), 642 million in FY2022 (+0.5%) and 639 million in FY2021 (+0.8%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding (Diluted) in data going back to Q4 2011.
- On a year-over-year basis, Shares Outstanding (Diluted) has declined for three consecutive quarters, with an average decline of 33.5% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding (Diluted) in the last five years was growth of 15.1% in Q3 2023, against a decline of 54.7% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 261 million (Q1 2026), 258 million (Q4 2025) and 354 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Live Nation Entertainment | 39.78 Bn | 8.85 Bn | 1.94 Bn | 244.04 Mn |
| 2 | TKO Group Holdings | 33.44 Bn | 30.40 Bn | 990.96 Mn | 75.87 Mn |
| 3 | Liberty Media | 18.71 Bn | 14.03 Bn | 329.00 Mn | 252.00 Mn |
| 4 | Liberty Live Holdings | 8.81 Bn | 6.86 Bn | 30.26 Mn | 92.60 Mn |
| 5 | Cinemark Holdings | 4.18 Bn | 797.64 Mn | - | 116.40 Mn |
| 6 | Madison Square Garden Entertainment | 3.23 Bn | 2.43 Bn | 75.84 Mn | 48.00 Mn |
| 7 | Amc Entertainment Holdings | 1.99 Bn | 80.86 Mn | 1.05 Bn | 722.02 Mn |
| 8 | Emerald Holding | 997.46 Mn | 523.66 Mn | 99.50 Mn | 199.49 Mn |
| 9 | Marcus | 831.33 Mn | 762.92 Mn | 106.56 Mn | 31.05 Mn |
| 10 | Reading International | 41.78 Mn | 12.09 Mn | 14.10 Mn | 23.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 252.00 Mn |
| Mar 31, 2026 | 261.00 Mn |
| Dec 31, 2025 | 258.00 Mn |
| Sep 30, 2025 | 354.00 Mn |
| Jun 30, 2025 | 344.00 Mn |
| Mar 31, 2025 | 349.00 Mn |
| Dec 31, 2024 | 335.00 Mn |
| Sep 30, 2024 | 336.00 Mn |
| Jun 30, 2024 | 704.00 Mn |
| Mar 31, 2024 | 702.00 Mn |
| Dec 31, 2023 | 583.00 Mn |
| Sep 30, 2023 | 741.00 Mn |
| Jun 30, 2023 | 644.00 Mn |
| Mar 31, 2023 | 637.00 Mn |
| Dec 31, 2022 | 642.00 Mn |
| Sep 30, 2022 | 644.00 Mn |
| Jun 30, 2022 | 651.00 Mn |
| Mar 31, 2022 | 641.00 Mn |
| Dec 31, 2021 | 639.00 Mn |
| Sep 30, 2021 | 637.00 Mn |
API Access
Liberty Media Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=FWONA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=FWONA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();