{
  "url": "https://struct.news/briefs/liberty-medias-net-income-jumped-as-its-operating-business-shrank",
  "title": "Liberty Media’s net income jumped as its operating business shrank",
  "summary": "Adjusted OIBDA rose $108 million, helped by MotoGP, even as revenue fell 34.5%.",
  "published_at": "2026-08-06T18:04:21.287426+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Liberty Media Corporation - Ser",
    "ticker": "FWONA",
    "cik": "1104659",
    "sector": "Communication Services",
    "industry": "Entertainment"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-05-07",
    "accession": "0001104659-26-056984",
    "url": "https://www.sec.gov/Archives/edgar/data/1560385/000110465926056984/lmca-20260331x10q.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-11-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1560385/000110465925106883/lmca-20250930x10q.htm"
  },
  "reported_figures": [
    {
      "group": "Liberty Media operating margin",
      "label": "Operating margin trend",
      "value": null,
      "display": "12.9%",
      "unit": "percent",
      "period": "2018-12-31–2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001104659-26-056984",
        "filing_date": "2026-05-07"
      }
    }
  ],
  "watch_next": [
    {
      "type": "interest_rates",
      "statement": "Consolidated interest expense increased as average debt outstanding rose, despite a lower rate on Formula 1’s senior loan facilities.",
      "importance": "medium",
      "evidence": "Consolidated interest expense increased $20 million for the three months ended March 31, 2026, as compared to the corresponding period in the prior year, primarily due to an increase in the average amount of debt outstanding",
      "source_date": "2026-05-07"
    },
    {
      "type": "input_costs",
      "statement": "Motorsport revenue costs increased because of event-calendar freight movements, fuel costs, and unfavorable currency exchange rates.",
      "importance": "medium",
      "evidence": "Cost of motorsport revenue increased $9 million during the three months ended March 31, 2026, as compared to pro forma costs of motorsport revenue in the corresponding period in the prior year, primarily due to higher freight costs",
      "source_date": "2026-05-07"
    }
  ],
  "related_tickers": [
    "FWONA"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}