Liberty Media confirms F1 losses after Q2 announcement

Formula One’s owner, Liberty Media, has announced that they have experienced a 61% loss compared to 2025 in their second quarter of the year.

Feature image credit: Getty Images // Red Bull Content Pool

Earlier this week, F1’s owner, Liberty Media, released their financial statement for the second quarter, and it announced a drop in revenue compared to the same period in 2025.

In their release, Liberty Media confirmed their revenue had dropped from $764 million to $73 million, dropping by 38%. According to their Adjusted OIBDA (Operating income before depreciation and amortisation) reports, the owners have also seen a decrease to 61% at $139 million during the same period.

This is a result of the 2026 calendar and how it has been shaped across both geopolitical and calendar elements.

Only five races took place in Q2 this season, spanning from April to June, compared to nine in the same period last year.

Last year, Q2’s races were kicked off with the Japanese Grand Prix on April 6 and concluded in Austria on June 29. Fast forward 12 months, as a result of the Bahrain and Saudi Arabian cancellations, proceedings in Q2 were first conducted in Miami on May 3 before finishing in Austria on June 28.

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Despite the losses, Formula 1 President and CEO Stefano Domenicali said:

“This season has showcased the very best of our sport with competitive racing and
fascinating storylines that are driving strong fan engagement with attendance, audiences and digital impressions all up season-to-date.

“Our sport continues to demonstrate its adaptability and creativity – the Bahrain Grand Prix for 2026 will be hosted in Malaysia following the agreement.”

Whilst Liberty Media recognised its half-year results based on the revenue and costs in respect of a 22-race calendar, it may finish on better ground come the end of the year with Bahrain rescheduled to Malaysia in October.

However, they suspect that the likely-reduced calendar (if they cannot get back up to the original 24-race plan) will impact their year-on-year revenue and cost comparisons.

Additionally, they acknowledge further calendar changes may be necessary, with the likes of Qatar and Abu Dhabi being at risk of cancellations due to the Middle East tensions.

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On the announcement, Liberty Media President and CEO, Derek Chang said:

“Demand for our brands remains robust and resilient and we are continuing to find creative solutions to deal with global uncertainties.

“We are one year into our ownership of MotoGP and remain encouraged by the opportunities to grow the sport globally while Formula 1’s expanding reach and deepening fan engagement continue to support strong commercial momentum.

“Disciplined capital allocation remains a core priority as we evaluate strategic investment opportunities to enhance long-term shareholder value.”

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Kamron Kent

Hi, I’m Kamron. I created ApexMotorsports.co.uk in the dying embers of the 2021 Formula 1 world championship. It allowed me freedom to write whatever I wanted to write about which was all things motorsports, my passion.

I have put a lot of effort in over the years to keep this website in its best shape and I’ve loved seeing the brand grow consistently, month-on-month, year-on-year. My ambition is to keep watching this brand grow into a primary outlet of news for all things motorsports whilst fueling my desire to pursue a career in sports journalism, specialising in motorsports.

Kamron Kent

Hi, I'm Kamron. I created ApexMotorsports.co.uk in the dying embers of the 2021 Formula 1 world championship. It allowed me freedom to write whatever I wanted to write about which was all things motorsports, my passion. I have put a lot of effort in over the years to keep this website in its best shape and I've loved seeing the brand grow consistently, month-on-month, year-on-year. My ambition is to keep watching this brand grow into a primary outlet of news for all things motorsports whilst fueling my desire to pursue a career in sports journalism, specialising in motorsports.