Formula 1 was Liberty Media’s largest segment in fiscal 2025, bringing in $3.87B of $4.48B (86%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sirius Xm Holdings | — | — | — | — | ||||||||||
| Sirius Xm | — | — | — | — | ||||||||||
| Formula 1 | $2.57B | $3.22B | $3.41B | $3.87B | ||||||||||
| Starz, Llc | — | — | — | — | ||||||||||
| Other | — | — | — | — | ||||||||||
| Corporate & Other | — | $366.00M | $373.00M | $414.00M | ||||||||||
| Segment Reporting, Reconciling Item, Corporate Nonsegment | $588.00M | — | — | — | ||||||||||
| Motogp | — | — | — | $325.00M | ||||||||||
| Anlbc | — | — | — | — | ||||||||||
| Intersegment Eliminations | — | -$16.00M | -$131.00M | -$130.00M | ||||||||||
| Total | $3.16B | $3.57B | $3.65B | $4.48B |
Liberty Media brought in $4.48B from its four segments in fiscal 2025, the year ended December 31, 2025. Liberty Media regrouped these segments after fiscal 2024, so the total does not compare directly with that year's $3.65B. Formula 1 was the largest at $3.87B (86.4%), ahead of Corporate & Other at $414.00M (9.2%) and Motogp at $325.00M (7.3%).
Compared with fiscal 2024, Formula 1 grew 13.5% to $3.87B and Corporate & Other grew 11.0% to $414.00M.
Liberty Media began breaking out Motogp in fiscal 2025 and Intersegment Eliminations in fiscal 2023. Liberty Media stopped reporting Segment Reporting, Reconciling Item, Corporate Nonsegment as a separate segment after fiscal 2022, when it brought in $588.00M. The total is net of Intersegment Eliminations, which took $130.00M off revenue in fiscal 2025.
Motorsport was Liberty Media’s largest product and service line in fiscal 2025, bringing in $4.11B of $4.48B (92%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sirius Xm Holdings Revenue | — | — | — | — | ||||||
| Subscriber | — | — | — | — | ||||||
| Motorsport | — | $3.22B | $3.32B | $4.11B | ||||||
| Formula 1 | $2.57B | — | — | — | ||||||
| Primary Formula 1 | — | — | — | — | ||||||
| Other | — | — | $335.00M | $377.00M | ||||||
| Baseball | $535.00M | $318.00M | — | — | ||||||
| Advertising | — | — | — | — | ||||||
| Equipment | — | — | — | — | ||||||
| Mixed-Use Development | $53.00M | $32.00M | — | — | ||||||
| Development | — | — | — | — | ||||||
| Total | $3.16B | $3.57B | $3.65B | $4.48B |
Liberty Media brought in $4.48B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 22.7% from $3.65B in fiscal 2024. Motorsport was the largest at $4.11B (91.6%), ahead of Other at $377.00M (8.4%).
Compared with fiscal 2024, Motorsport grew 23.7% to $4.11B and Other grew 12.5% to $377.00M.
Liberty Media began breaking out Motorsport in fiscal 2023, when it brought in $3.22B. Liberty Media stopped reporting Formula 1 ($2.57B in fiscal 2022), Baseball ($318.00M in fiscal 2023) and Mixed-Use Development ($32.00M in fiscal 2023) as separate lines.
United Kingdom was Liberty Media’s largest region in fiscal 2025, bringing in $3.78B of $4.48B (84%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $588.00M | $350.00M | $335.00M | $378.00M | |||||||
| United Kingdom | $2.57B | $3.22B | $3.32B | $3.78B | |||||||
| Spain | — | — | — | $310.00M | |||||||
| Other | — | — | — | $12.00M | |||||||
| Other Countries | — | — | — | — | |||||||
| Total | $3.16B | $3.57B | $3.65B | $4.48B |
Liberty Media brought in $4.48B from its four regions in fiscal 2025, the year ended December 31, 2025. Liberty Media regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $3.65B. United Kingdom was the largest at $3.78B (84.4%), ahead of United States at $378.00M (8.4%) and Spain at $310.00M (6.9%). The remaining region, Other, brought in $12.00M.
Compared with fiscal 2024, United Kingdom grew 14.0% to $3.78B and United States grew 12.8% to $378.00M.
Liberty Media began breaking out Spain in fiscal 2025, when it brought in $310.00M.
Liberty Media (FWONK) reports its revenue by segment, by product and service and by geography. In fiscal 2025, Formula 1 was its largest segment, bringing in $3.87B (86.4% of the total), followed by Corporate & Other at $414.00M (9.2%).
Formula 1 was Liberty Media's largest segment in fiscal 2025, bringing in $3.87B, or 86.4% of the $4.48B total across its four segments.
Motorsport was Liberty Media's largest product and service line in fiscal 2025, bringing in $4.11B, or 91.6% of the $4.48B total across its two product and service lines.
United Kingdom was Liberty Media's largest region in fiscal 2025, bringing in $3.78B, or 84.4% of the $4.48B total across its four regions.
Motorsport grew faster than Other in fiscal 2025, up 23.7% from $3.32B to $4.11B. Other grew 12.5% to $377.00M.
Every figure comes from Liberty Media's annual financial filings, as reported. Each line keeps the name Liberty Media gives it, and years follow its fiscal calendar.
Liberty Media's revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.