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Liberty Media Corp (FWONK) stock

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NASDAQ: FWONK Nasdaq Movies & Entertainment Next results ~November 5, 2026

C+ Fundamentals grade

Liberty Media Corp is a US-listed company in the movies & entertainment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$180

Cash-flow model

Base case. Range ~$130–$240 across our lower- and higher-growth cases (7.2%–17.2% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 87% above it.

Price used: $94.45, November 2, 2026

Liberty Media Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Liberty Media files

Where Liberty Media stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.34bn, up 12.2% on a year earlier, slower than 35.1% a quarter earlier. Free-cash-flow margin rose to 19.0% from -1.1% a year earlier. Operating margin narrowed to 3.8% from 8.9%. The diluted share count is down 2.0% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 7 financial-health checks.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Liberty Media Corp's trailing-twelve-month revenue grew 12.2% year on year, with a free-cash-flow margin of 19.0%. Where it stands out: net margin of 9.4% ranks 3 of 25 movies & entertainment companies we cover. Where it lags: change in growth rate of -22.9pp ranks 24 of 25 movies & entertainment companies we cover.

Our discounted-cash-flow model values the business at ~$180 per share in the base case (~$130–$240 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 92% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $94.45 is 87% below our value per share of $180.
  • Shrinking share count. Diluted shares fell 2.0% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 22.9 points lower than a quarter earlier.
  • Margins narrowing. Operating margin is down 5.1 points on a year ago.
  • Insiders selling. 2 insiders sold $47M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 30.6% ranks 15 of 19 movies & entertainment companies we cover (median 21.6%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.02 against an average estimate of $0.25: missed by 91.9%
Revenue
$934m, down 30.4% on a year earlier
Share reaction
+7.1% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.52

Liberty Media's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.1%
  • 1 week+6.0%
  • 1 month+3.6%
  • This year-4.1%
  • 1 year-5.4%
  • 5 years+75.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.3B
Operating margin
3.8%
Net margin
9.4%

Growth

Revenue growth
+12.2%
Change in growth rate
−22.9 pts

Cash

Free cash flow (TTM)
$823M
FCF margin
19.0%
Stock pay % of revenue
0.5%

Earnings

Last results
August 6, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Leadership
  3. Share issue
  4. Financing
  5. Financing
  6. Announcement
  7. Results
  8. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Liberty Media Corp valuation models and calculator

What the price is pricing in

The share price implies about 2.7% a year of cash-flow growth for five years.That is faster than the -17.6% a year revenue growth Liberty Media has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in2.7%
  • Last 12 months12.2%
  • 5 years a year-17.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($93.83, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$180
Price used
$93.83close November 3, 2026
Implied change
▲ +89%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Liberty Media Corp's free cash flow after stock-based pay with after-tax interest added back ($1.5B, FY2026 Q2 TTM), growing 14.3% and 11.8% in the next two years (forecasts, guidance and its record), then back to 12.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$130–~$240 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Liberty Media Corp's free cash flow after stock-based pay ( $1.5B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Liberty Media Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$180 ~$130–$240 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$39 ~$30–$55 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$8.2 ~$4.5–$15 Left out: out of range vs price (0.09x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$130 ~$39–$180 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Liberty Media Corp with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −28%
  • Revenue growth 5 points higher ▲ +37%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −18%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $75$109$154$213$289$388
8.5% $53$78$110$152$207$277
10% $40$59$84$116$157$211

Valuation multiples over time Market data may be delayed

At fiscal year end 2015
Share price$26.95
Market value$9.2bn
+ Net debt (− = net cash)$6.7bn
Enterprise value$15.9bn
Multiples
Price / sales 1.9x
Price / earnings 143.2x
Price / free cash flow 9.8x
EV / EBITDA 12.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Liberty Media's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.5% of total assets over 10 years.

  • Durability 8 / 20

    Operating margin has been a median 15.2%; its worst year was 3.8%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 8 of 10 years, at a median 15.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (39 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $1.2bn and EPS of $0.52 (range $0.42 to $0.60) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.60 −29% $4.7bn +6%
Next $1.95 +22% $5.3bn +11%

Next year's EPS estimate has moved −8.6% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −10.5% on 90 days ago. In the last 30 days, 3 analysts raised Liberty Media Corp's forecast and 0 cut it.

Consensus EPS forecast Liberty Media Corp, last 90 days
$1.40 $1.60 $1.80 $2.00 $2.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.79 Current fiscal year, 60 days ago: $1.58 Current fiscal year, 30 days ago: $1.61 Current fiscal year, 7 days ago: $1.61 Current fiscal year, Now: $1.60 $1.60 Next fiscal year, 90 days ago: $2.13 Next fiscal year, 60 days ago: $1.88 Next fiscal year, 30 days ago: $1.96 Next fiscal year, 7 days ago: $1.95 Next fiscal year, Now: $1.95 $1.95

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.79$2.13
60 days ago $1.58$1.88
30 days ago $1.61$1.96
7 days ago $1.61$1.95
Now $1.60$1.95

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.25 $0.02 −91.9%
Mar 2026 −$0.01 $0.03 +310.5%
Dec 2025 $0.40 $0.38 −4.9%
Sept 2025 $0.28 $0.29 +4.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Liberty Media Corp's latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Liberty Media Corp's revenue by +14.3% next year and +11.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+15.4%, weight 65%) and the company's own record (+12.2%, weight 35%) . How the weights are set.

Analyst recommendations

17 analysts, Oct 2026
Buy1588%
Hold212%
Sell00%

Monthly trend

  1. Oct 2026312217
  2. Sep 2026312217
  3. Aug 2026311216
  4. Jul 2026311216

Counts of recommendations published by analysts covering Liberty Media Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.5%
of tradable shares
Days to cover
4.03
at average volume
Short interest, 1 month
+12%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.4%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −5.4%

$99.85 on October 31, 2025 to $94.45

ThenNowEffect
Revenue (last 12 months) $3.9bn $4.3bn +12.2%
P/S multiple 8.7x 7.4x −15.7%
Share count 338m 338m 0.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FWONK+49%−6%+9%+47%+6%−4%
Industry peers (median)−7%−43%+4%+24%+5%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FWONK67%42%33%67%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FWONK−10%−23%−21%−11%−25%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 58% from January 22, 2020 to March 16, 2020. Getting back needed a 137% gain, reached on June 25, 2021, 466 days after the low.

Price behaviour

52-week range
$81.42 – $106.66
From 52-week high
−11.4%
vs 50-day average
−0.3%
vs 200-day average
+2.8%
Volatility (1 year)
25%
Beta vs S&P 500
0.28

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±3.1%
After a week
5 up, 7 down
typical move ±3.3%
After a month
4 up, 8 down
typical move ±4.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +7.1% +0.5% +8.0% −0.6%
May 7, 2026 +6.5% +0.5% +2.8% −2.0%
February 26, 2026 +2.6% −1.0% −5.9% −8.6%
November 5, 2025 +2.5% −0.7% +0.9% −8.5%
August 7, 2025 −3.7% +0.7% −1.0% +2.2%
July 21, 2025 −0.5% +0.2% −1.1% −1.7%
May 7, 2025 +2.8% +1.1% +6.1% +8.3%
February 28, 2025 +1.9% −0.2% −2.9% −2.1%
November 12, 2024 +5.1% −0.3% −0.2% +16.4%
September 3, 2024 −0.7% −2.3% −3.1% −1.3%
August 9, 2024 +2.8% +0.5% +5.0% +3.1%
May 8, 2024 −1.3% +0.6% −2.7% −0.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Liberty Media Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Liberty Media Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Liberty Media Corp
-$5B $0 $5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: -$3.6B Revenue (TTM), FY23 Q4: $3.6B Revenue (TTM), FY24 Q1: $3.7B Revenue (TTM), FY24 Q2: $3.7B Revenue (TTM), FY24 Q3: $3.7B Revenue (TTM), FY24 Q4: $3.7B Revenue (TTM), FY25 Q1: $3.5B Revenue (TTM), FY25 Q2: $3.9B Revenue (TTM), FY25 Q3: $4B Revenue (TTM), FY25 Q4: $4.5B Revenue (TTM), FY26 Q1: $4.7B Revenue (TTM), FY26 Q2: $4.3B $4.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 -$3.6B
FY23 Q4 $3.6B
FY24 Q1 $3.7B
FY24 Q2 $3.7B
FY24 Q3 $3.7B
FY24 Q4 $3.7B
FY25 Q1 $3.5B
FY25 Q2 $3.9B
FY25 Q3 $4B
FY25 Q4 $4.5B
FY26 Q1 $4.7B
FY26 Q2 $4.3B
Revenue growth, TTM YoY Liberty Media Corp
-100% 0% 100% 200% 300% FY22 Q3 FY23 Q4 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY22 Q3: 11.9% Revenue growth, TTM YoY, FY22 Q4: -72.3% Revenue growth, TTM YoY, FY23 Q1: -91.4% Revenue growth, TTM YoY, FY23 Q4: 13.0% Revenue growth, TTM YoY, FY24 Q1: 273.2% Revenue growth, TTM YoY, FY24 Q4: 2.3% Revenue growth, TTM YoY, FY25 Q1: -6.2% Revenue growth, TTM YoY, FY25 Q2: 3.3% Revenue growth, TTM YoY, FY25 Q3: 8.7% Revenue growth, TTM YoY, FY25 Q4: 22.7% Revenue growth, TTM YoY, FY26 Q1: 35.1% Revenue growth, TTM YoY, FY26 Q2: 12.2% 12.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY22 Q3 11.9%
FY22 Q4 -72.3%
FY23 Q1 -91.4%
FY23 Q4 13.0%
FY24 Q1 273.2%
FY24 Q4 2.3%
FY25 Q1 -6.2%
FY25 Q2 3.3%
FY25 Q3 8.7%
FY25 Q4 22.7%
FY26 Q1 35.1%
FY26 Q2 12.2%
Operating margin (TTM) Liberty Media Corp
0% 10% 20% 30% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 34.8% Operating margin (TTM), FY23 Q4: 7.1% Operating margin (TTM), FY24 Q1: 10.2% Operating margin (TTM), FY24 Q2: 9.9% Operating margin (TTM), FY24 Q3: 10.2% Operating margin (TTM), FY24 Q4: 7.9% Operating margin (TTM), FY25 Q1: 3.6% Operating margin (TTM), FY25 Q2: 8.9% Operating margin (TTM), FY25 Q3: 9.8% Operating margin (TTM), FY25 Q4: 5.0% Operating margin (TTM), FY26 Q1: 7.5% Operating margin (TTM), FY26 Q2: 3.8% 3.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 34.8%
FY23 Q4 7.1%
FY24 Q1 10.2%
FY24 Q2 9.9%
FY24 Q3 10.2%
FY24 Q4 7.9%
FY25 Q1 3.6%
FY25 Q2 8.9%
FY25 Q3 9.8%
FY25 Q4 5.0%
FY26 Q1 7.5%
FY26 Q2 3.8%
FCF margin (TTM) Liberty Media Corp
-100% -50% 0% 50% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -72.5% FCF margin (TTM), FY23 Q4: 56.1% FCF margin (TTM), FY24 Q1: 53.1% FCF margin (TTM), FY24 Q2: 65.7% FCF margin (TTM), FY24 Q3: 26.6% FCF margin (TTM), FY24 Q4: 13.5% FCF margin (TTM), FY25 Q1: 13.7% FCF margin (TTM), FY25 Q2: -1.1% FCF margin (TTM), FY25 Q3: 17.2% FCF margin (TTM), FY25 Q4: 17.6% FCF margin (TTM), FY26 Q1: 16.2% FCF margin (TTM), FY26 Q2: 19.0% 19.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -72.5%
FY23 Q4 56.1%
FY24 Q1 53.1%
FY24 Q2 65.7%
FY24 Q3 26.6%
FY24 Q4 13.5%
FY25 Q1 13.7%
FY25 Q2 -1.1%
FY25 Q3 17.2%
FY25 Q4 17.6%
FY26 Q1 16.2%
FY26 Q2 19.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Liberty Media took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.5B
  2. Other income $115M · 2.6%
  3. Selling, general and admin $514M · 11.5%
  4. Other operating costs $3.4B · 75.7%
  5. Operating income $577M · 12.9%
  6. Income tax $137M · 3.1%
  7. Net income $555M · 12.4%

Shares of revenue. Source: Liberty Media's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 2.1 1.4 0.4 4.0 4.5 4.8 5.3 7.6 8.0 10.3 9.4 11.4 3.2 3.6 3.7 4.5 4.3
Gross profit — — — — — — — 6.4 — — — — — — — — —
EBITDA 0.3 0.6 −0.0 1.1 1.2 1.3 2.1 2.2 2.4 2.5 1.3 3.0 0.6 0.7 0.6 1.0 0.6
Operating income 0.2 0.5 −0.1 0.8 0.8 1.0 1.7 1.4 1.5 1.5 0.2 2.0 0.1 0.3 0.3 0.6 0.2
Net income 1.0 0.8 1.4 8.8 0.2 0.1 0.7 1.4 0.5 0.1 −1.4 0.4 1.8 0.8 −2.1 0.6 0.4
Diluted EPS — — $3.80 $24.46 $0.52 $0.19 — — — — — — — — — — —
Growth (year on year)
Revenue — −31.3% −73.9% +987.5% +11.2% +7.8% +10.0% +43.9% +5.9% +28.0% −9.0% +21.8% −72.3% +13.0% +2.3% +22.7% +12.2%
EBITDA — +102.1% −106.5% — +6.3% +9.7% +58.7% +6.2% +8.9% +4.8% −50.2% +142.0% −81.0% +16.3% −4.9% +51.8% −8.1%
Operating income — +172.3% −115.1% — +3.3% +13.4% +81.8% −19.6% +8.4% −2.7% −88.0% — −92.7% +83.4% +7.9% +101.0% −52.3%
Net income — −16.4% +69.1% +520.9% −98.0% −64.0% — +99.1% −60.8% −80.0% — — +356.0% −58.1% −371.1% — —
Diluted EPS — — — +543.7% −97.9% −63.5% — — — — — — — — — — —
Margins
Gross margin — — — — — — — 83.9% — — — — — — — — —
EBITDA margin 14.1% 41.4% −10.3% 28.2% 27.0% 27.4% 39.6% 29.2% 30.0% 24.6% 13.5% 26.7% 18.3% 18.8% 17.5% 21.6% 14.4%
Operating margin 9.5% 37.7% −21.7% 20.3% 18.9% 19.9% 32.9% 18.4% 18.8% 14.3% 1.9% 17.3% 4.6% 7.4% 7.9% 12.9% 3.8%
Net margin 48.8% 59.3% 384.2% 219.4% 4.0% 1.3% 12.9% 17.8% 6.6% 1.0% −15.2% 3.5% 57.4% 21.3% −56.5% 12.4% 9.4%
Free-cash-flow margin 1.4% −6.0% −12.2% 25.7% 20.9% 19.5% 30.4% 16.0% 21.8% 17.5% 13.6% 17.5% 70.8% 56.1% 13.5% 17.6% 19.0%
Cash flow
Cash from operations 0.0 −0.1 −0.0 1.2 1.1 1.2 2.2 1.7 2.2 2.3 1.7 2.4 2.5 2.5 0.6 0.9 1.0
Capital spending 0.0 0.0 0.0 0.2 0.2 0.3 0.6 0.5 0.4 0.5 0.5 0.4 0.3 0.5 0.1 0.1 0.1
Free cash flow 0.0 −0.1 −0.0 1.0 0.9 0.9 1.6 1.2 1.8 1.8 1.3 2.0 2.2 2.0 0.5 0.8 0.8
Stock-based pay 0.1 0.0 0.0 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay −0.1 −0.1 −0.1 0.8 0.7 0.7 1.5 1.0 1.6 1.5 1.0 1.7 2.2 2.0 0.5 0.8 0.8
Balance sheet
Cash 1.8 1.0 0.6 1.1 0.7 0.2 0.6 1.0 0.4 1.2 2.8 2.8 1.9 1.4 2.6 1.1 1.5
Total debt 0.0 1.3 0.5 5.6 5.9 6.9 8.0 14.0 13.4 15.5 17.4 18.6 16.6 15.3 4.1 5.1 4.9
Net debt (negative = net cash) −1.8 0.3 −0.1 4.5 5.2 6.7 7.5 12.9 13.1 14.3 14.6 15.8 14.7 13.9 1.4 4.0 3.5
Diluted shares — 352m 372m 359m 345m 340m — — — — — — — — — — —
Returned to shareholders
Buybacks 0.8 0.5 0.3 0.1 — 0.4 — — 0.5 0.4 0.3 0.6 0.0 — — — —
Total returned 0.8 0.5 0.3 0.1 — 0.4 — — 0.5 0.4 0.3 0.6 0.0 — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 30, 2026
What it owns · $15.9bn
Short-term assets $2.1bnLonger-term assets $13.8bn
What it owes, and who funded it · $15.1bn
Short-term liabilities $1.7bnLonger-term liabilities $5.8bnShareholders' equity $7.6bn
  • Short-term assets cover short-term liabilities $2.1bn of assets due within a year against $1.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.1bn short-term assets against $5.8bn of longer-dated liabilities.
  • More cash than debt $1.5bn of cash against $4.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 65% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 107% to 65% over five years.
  • A year's operating cash flow covers at least 20% of debt $952m of operating cash flow against $4.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $165m against $273m of interest.

From Liberty Media Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Sales & admin spending
12.5%
of revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated FWONK IQ AMC TKO ROKU CNK Median
Revenue, last 12 months $4.3bn $3.8bn $5.2bn $5.3bn $5.5bn $3.4bn $1.1bn
Revenue growth, last 12 months 12.2% −6.5% 6.4% 5.1% 21.1% 4.5% 8.5%
Revenue growth, 3-year average — — 7.1% 63.0% 17.8% 6.3% 7.1%
Revenue growth, latest quarter −30.4% — 14.2% 18.2% 24.1% 15.5% 11.3%
Gross margin 83.9% 21.1% — — 45.3% — 33.2%
Operating margin 3.8% 0.8% 4.4% 18.8% 7.8% −2.1% 2.5%
Operating margin, 3-year average 7.6% −12.2% 0.1% 11.0% −0.6% −20.2% −0.6%
Net margin 9.4% −0.8% −10.6% 4.3% 9.3% 6.4% 0.5%
Cash from operations / revenue 21.9% 0.4% 4.2% 33.9% 14.7% 9.4% 9.9%
Free-cash-flow margin 19.0% 0.0% −0.4% 23.9% 14.6% 5.3% 5.3%
Free-cash-flow margin, 3-year average 27.9% −1.0% −5.6% 10.5% 9.4% −12.6% 6.1%
Stock pay / revenue 0.5% 1.5% 0.3% 2.5% 5.8% 1.0% 1.5%
Change in share count −2.0% 846.8% 42.1% — 3.2% −14.2% 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth 12.2% 8.5% 9 of 25
Change in growth rate Growth -22.9pp +0.7pp 24 of 25
Operating margin Profitability 3.8% 3.0% 10 of 24
Net margin Profitability 9.4% 0.5% 3 of 25
Free-cash-flow margin Cash generation 19.0% 7.1% 6 of 24
Stock pay as % of revenue Cash generation 0.5% 1.5% 4 of 25
Long-term debt as % of assets Balance sheet 30.6% 21.6% 15 of 19

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Motorsport $4.1B 91.6% ▲ 23.7%
Product Service Or Other $377M 8.4% ▲ 12.5%
Geography
Region Revenue Share YoY
United Kingdom $3.8B 84.4% ▲ 14.0%
United States $378M 8.4% ▲ 12.8%
ES $310M 6.9% —
Other Country Other Than Us and Uk $12M 0.3% —

From Liberty Media Corp's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$21.4B
Institutions reporting
624
Shares held vs prior quarter
▲ 2.1%
Positions opened / closed
82 / 72

Top buyers and sellers, Q2 2026: 344 institutions bought and 245 sold ; the biggest buyer was Jennison Associates LLC (+3.9M shares) and the biggest seller T. Rowe Price Investment Management, Inc (−4.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.3B 13.9M 6.2% ▼ 0.7%
Vanguard Capital Management LLC $928M 9.8M 4.3% ▼ 2.8%
Jupiter Topco LLC $863M 9.1M 4.0% —
Vanguard Portfolio Management LLC $847M 8.9M 4.0% ▼ 4.8%
Principal Financial Group Inc $761M 8.0M 3.6% ▼ 10.5%
Morgan Stanley $729M 7.7M 3.4% ▼ 10.8%
Bank Of America Corp $591M 6.2M 2.8% ▲ 36.3%
State Street Corp $506M 5.3M 2.4% ▲ 4.6%
Manufacturers Life Insurance Company, The $505M 5.3M 2.4% ▲ 13.8%
Naya Capital Management Uk Ltd $503M 5.3M 2.4% ▲ 19.4%
Jericho Capital Asset Management L.P. $499M 5.2M 2.3% 0.0%
Ruane, Cunniff & Goldfarb L.P. $497M 5.2M 2.3% ▼ 2.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Liberty Media Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $46.7M 13 trades by 2 insiders · 0% under pre-set plans
Net ▼ $46.7M net selling
Insider Date Trade Shares Price Value
Wilm Renee L Chief Legal/Admin Officer June 15, 2026 Sell 11,597 $90.09 $1M
Carey Chase Director May 27, 2026 Sell 98,546 $90.27 $8.9M
Carey Chase Director May 27, 2026 Sell 1,454 $91.12 $132,488
Carey Chase Director December 17, 2025 Sell 57,836 $96.76 $5.6M
Carey Chase Director December 17, 2025 Sell 25,700 $97.36 $2.5M
Carey Chase Director December 16, 2025 Sell 81,487 $95.78 $7.8M
Carey Chase Director December 16, 2025 Sell 2,013 $96.16 $193,570
Carey Chase Director November 12, 2025 Sell 41,383 $102.50 $4.2M
Carey Chase Director November 12, 2025 Sell 39,623 $103.29 $4.1M
Carey Chase Director November 10, 2025 Sell 9,941 $103.12 $1M
Carey Chase Director November 10, 2025 Sell 99,180 $102.48 $10.2M
Wilm Renee L Chief Legal/Admin Officer November 7, 2025 Sell 4,676 $102.42 $478,916

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 63 trades and filings

In the last 12 months, 3 members of Congress disclosed 9 purchases and 1 sale of Liberty Media Corp shares.

  • April McClain Delaney(D-MD 6):Sale (full), $100,001 - $250,000, traded August 25, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Purchase, $1,001 - $15,000, traded August 24, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Purchase, $15,001 - $50,000, traded August 7, 2026, filed September 9, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 5, 2025
  • August 7, 2025
  • July 21, 2025

Recent SEC filings

Data status

When each part of this page on Liberty Media Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Liberty Media Corp in brief

What does Liberty Media Corp do?
Liberty Media Corp is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
What is Liberty Media Corp's stock ticker?
Liberty Media Corp trades under the ticker FWONK on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Liberty Media Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Liberty Media Corp reported revenue of $4.3B, 12.2% higher than a year earlier, according to its SEC filings.
What is Liberty Media Corp's free cash flow?
Liberty Media Corp's free-cash-flow margin is 19.0% of revenue over the trailing twelve months, ranking 6 of the 24 movies & entertainment companies we cover.
What is Liberty Media Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Liberty Media Corp's free cash flow after stock-based pay gives ~$180 per share in the base case, and ~$130–$240 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Liberty Media Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Jupiter Topco LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Liberty Media Corp's market cap?
On December 31, 2015, Liberty Media Corp's market capitalisation was about $9.2B, with a price-to-earnings ratio of 143.2 and net debt of $6.7B. Market figures come from third-party market data and may be delayed.
How much debt does Liberty Media Corp have?
Liberty Media Corp's debt-to-equity ratio is 64.6%, from its latest balance sheet (107.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Liberty Media Corp's competitors?
In our Movies & Entertainment peer group, the companies closest to Liberty Media Corp are Iqiyi, Inc., AMC Entertainment Holdings, Inc., TKO Group Holdings, Roku, Inc and Cinemark Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Liberty Media Corp's.
Are insiders buying or selling Liberty Media Corp stock?
Over the last 12 months, Liberty Media Corp's directors and officers reported 0 open-market purchases and 13 sales on Form 4. The insider trading page charts every trade.
When is Liberty Media Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Liberty Media Corp announces its own schedule.