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

Liberty Media has reported Operating Expenses for 15 years, with the latest figure at $647.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 25.88% year-over-year to $647.0 million; the trailing twelve-month figure through Mar 2026 stood at $4.0 billion (up 19.14% YoY), and the FY2025 full-year result 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.
• Average Operating Expenses over 5 years is $1.0 billion, with a median of $1.1 billion recorded in 2025.
• Year-over-year, Operating Expenses plunged 270.48% in 2022 and surged 124.33% in 2023.
• Tracing FWONB's Operating Expenses over 5 years: 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 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.

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