Liberty Media Q1 revenue beats; says fewer F1 races in 2026 to impact revenue

Liberty Media

07/05/2026 13:45

Overview

US sports media group's Q1 revenue rose 59% yr/yr, beating analyst expectations

Adjusted OIBDA (operating income before depreciation and amortization) more than doubled, driven by Formula 1 growth and MotoGP acquisition

No share repurchases in Q1; $1.1 bln buyback authorization remains

Outlook

Formula 1 expects 22 races in 2026, two fewer than in 2025

Company says fewer scheduled races will impact quarterly revenue and cost comparisons

Liberty Media sees robust demand and growing audiences for Formula 1

Result Drivers

ADDITIONAL F1 RACE - Formula 1 revenue rose due to one extra race held in the quarter, boosting media rights, race promotion and sponsorship income

NEW AND RENEWED SPONSORSHIPS - Growth in F1 sponsorship revenue was driven by new sponsors such as Standard Chartered and extended agreements with existing partners

MOTOGP ACQUISITION IMPACT - MotoGP contributed to revenue growth, with increased race promotion fees and sponsorship, offset by lower media rights fees and higher freight and fuel costs

Company press release: ID:nBwbwWZ7Ka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$711 mln
$663.007 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Formula One Group is $110.00, about 34.7% above its May 6 closing price of $81.67

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)