Liberty Media recorded a sharp decline in revenues and operating profit in the second quarter of the year, despite maintaining a positive outlook on Formula 1. The company attributed part of the impact to changes caused by the conflict in the Middle East.
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In the first six months of the year, revenue fell 15% compared to the same period in 2025, reaching US$ 1.381 billion. Operating profit was US$ 180 million, while adjusted OIBDA, an indicator calculated before depreciation and amortization, dropped 30% to US$ 311 million.
The drop was even more pronounced in the isolated second quarter figures. Revenue decreased 38% to US$ 764 million, while operating profit was US$ 73 million. Adjusted OIBDA fell 61% and ended the period at US$ 139 million.
Despite the results, Derek Chang, president and CEO of Liberty Media, stated that the company remains confident in its main assets. “Demand for our brands remains robust and resilient, and we continue to find creative solutions to deal with global uncertainties,” he said. The executive also highlighted growth opportunities in MotoGP and the commercial progress supported by the expansion of F1’s reach and greater fan engagement.
The report pointed out that the Bahrain and Saudi Arabia GPs were not held on their scheduled dates due to the conflict involving the United States and Iran. The Bahrain round will be held in Malaysia in October, once again bringing the calendar to 23 races.
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Stefano Domenicali also gave an optimistic assessment. “This season has shown the best of our sport, with competitive races and fascinating stories, driving strong fan engagement. Attendance, viewership, and digital impressions have grown so far,” said the F1 CEO.
Domenicali also highlighted that the audience linked to the partnership with Apple increased year-on-year, while total hours watched rose 13%. The executive also cited the ten-year contract extension in Las Vegas and agreements with ServusTV and Pirelli as signs of continued commercial growth.
“We remain focused on strengthening the foundations of the sport alongside the teams and the FIA, delivering the best possible experience to fans both on and off the track,” he concluded.
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