Liberty Media stock reports Q2 revenue of USD 934 million

Liberty Media stock was trading at USD 93.89 on Nasdaq on September 24, 2026, while the company reported Q2 2026 revenue of USD 934 million. The latest figures put operating performance and the Formula One calendar at the center of the investment case.

Q2 revenue fell 30 percent

Liberty Media's Q2 2026 revenue fell 30 percent year over year from USD 1.34 billion to USD 934 million, according to Barchart. Formula One revenue declined 38 percent to USD 764 million, with five races held in Q2 2026 compared with nine in Q2 2025.

The comparison is heavily shaped by timing. Fewer races in the quarter reduced recognized season-based revenue even as Liberty Media continued to hold the commercial rights for the Formula One World Championship.

Analyst target reaches USD 115

Jefferies initiated coverage of FWONK with a Buy rating and a USD 115 price target, Barchart reports. That target stands USD 21.11 above the September 24 quote, a 22.5 percent difference based on the cited price.

The market is weighing that longer-term view against the earnings comparison. Q2 diluted earnings per share were USD 0.02, while the consensus figure cited by MarketBeat was USD 0.24.

Stock sits above yearly low

FWONK had a 52-week range of USD 80.15 to USD 109.36 on September 24, 2026. The current price was USD 13.74 above the yearly low and USD 15.47 below the yearly high, leaving the stock 14.8 percent above its low.

Liberty Media's market capitalization stood at USD 23,530,624,173 on September 24, 2026. The Nasdaq quote was up 0.69 percent at the 9:36 a.m. ET snapshot, a move below the 1.00 percent threshold that would indicate a larger daily repricing.