Liberty Media Corp
FWONA, FWONK, FWONB · Television Broadcasting Stations · 359.0M shares · +102%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $10M (gross $37M, SBC $27M)
Reference price $90.09 · est. market cap ~$32.3B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76Liberty Media (Formula One / MotoGP) — premier motorsport-rights franchise.
Strengths
- Operating margin 12.9% (78th pct), revenue up sharply; strong cash (89th)
- Wide-moat F1 + MotoGP media/sponsorship rights
Risks
- Tracking-stock complexity and leverage
- Sponsorship/broadcast-cycle sensitivity
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Chronic dilutionShare count +102%/yr over 2y (dilution, book value/share -81%)
- Strong balance sheetStrong balance sheet — $1.1B cash & investments
- Revenue declineRevenue -55.8% YoY
- Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$10M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
12.9%
Net margin
12.4%
Return on equity
7.2%
Return on assets
3.6%
ROIC
3.5%
Revenue growth (QoQ)
-55.8%
Debt / equity
0.7×
Net debt / EBITDA
4.2×
Current ratio
1.5×
EBITDA
$970M
Tangible book value
-$4.4B
Cash & investments
$1.1B
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Wilm Renee L | Sell | 12K | $90.09 |
| 2026-05-27 | CAREY CHASE | Sell | 1.5K | $91.12 |
| 2026-05-27 | CAREY CHASE | Option exercise | 100K | $28.00 |
| 2026-05-27 | CAREY CHASE | Sell | 99K | $90.27 |
| 2026-03-05 | Wendling Brian J | Tax withheld | 4.0K | $85.48 |
| 2026-03-05 | Wilm Renee L | Tax withheld | 7.8K | $85.48 |
| 2026-02-04 | Wilm Renee L | Grant | 18K | — |
| 2026-02-04 | Wendling Brian J | Grant | 9.1K | — |
| 2025-12-17 | CAREY CHASE | Option exercise | 84K | $33.22 |
| 2025-12-17 | CAREY CHASE | Sell | 58K | $96.76 |
| 2025-12-17 | CAREY CHASE | Sell | 26K | $97.36 |
| 2025-12-16 | CAREY CHASE | Option exercise | 84K | $33.22 |
| 2025-12-16 | CAREY CHASE | Sell | 81K | $95.78 |
| 2025-12-16 | CAREY CHASE | Sell | 2.0K | $96.16 |
| 2025-12-15 | Wong Andrea L | Other | 898 | — |
| 2025-12-15 | Gilchrist Malcolm Ian Grant | Other | 132 | — |
| 2025-12-15 | Gilchrist Malcolm Ian Grant | Other | 1.8K | — |
| 2025-12-15 | CHANG DEREK | Other | 1.0K | — |
| 2025-12-15 | MALONE EVAN DANIEL | Other | 2.8K | — |
| 2025-12-15 | MALONE EVAN DANIEL | Other | 12K | — |
| 2025-12-15 | MALONE EVAN DANIEL | Other | 1.6K | — |
| 2025-12-15 | DEEVY BRIAN | Other | 2.6K | — |
| 2025-12-15 | DEEVY BRIAN | Other | 6.5K | — |
| 2025-12-15 | CAREY CHASE | Other | 219 | — |
| 2025-12-15 | CAREY CHASE | Other | 5.1K | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 859 | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 2.1K | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 5.6K | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 11K | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 114 | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 229 | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 192K | — |
| 2025-12-15 | BENNETT ROBERT R | Other | 399K | — |
| 2025-12-15 | Wilm Renee L | Other | 13K | — |
| 2025-12-15 | ROMRELL LARRY E | Other | 5.2K | — |
| 2025-12-15 | ROMRELL LARRY E | Other | 56 | — |
| 2025-12-15 | ROMRELL LARRY E | Other | 12K | — |
| 2025-12-15 | Liberty Media Corp | Other | 1.0K | — |
| 2025-12-15 | Liberty Media Corp | Other | 25.6M | — |
| 2025-12-15 | Liberty Media Corp | Other | 2.5M | — |
| 2025-12-15 | Liberty Media Corp | Other | 63.8M | — |
| 2025-12-15 | Liberty Media Corp | Other | 25.6M | — |
| 2025-12-15 | Liberty Media Corp | Other | 2.5M | — |
| 2025-12-15 | Liberty Media Corp | Other | 63.8M | — |
| 2025-12-15 | Liberty Media Corp | Other | 19.5M | — |
| 2025-12-15 | Liberty Media Corp | Other | 50.2M | — |
| 2025-12-15 | Wendling Brian J | Other | 17K | — |
| 2025-12-15 | MALONE JOHN C | Other | 160K | — |
| 2025-12-15 | MALONE JOHN C | Other | 2.3M | — |
| 2025-12-15 | MALONE JOHN C | Other | 3.7M | — |
| 2025-12-15 | MALONE JOHN C | Other | 144K | — |
| 2025-12-15 | MALONE JOHN C | Other | 100K | — |
| 2025-12-15 | MALONE JOHN C | Other | 130K | — |
| 2025-12-15 | MALONE JOHN C | Other | 27K | — |
| 2025-12-15 | MALONE JOHN C | Other | 74K | — |
| 2025-12-15 | MALONE JOHN C | Other | 297K | — |
| 2025-12-15 | MALONE JOHN C | Other | 1.5K | — |
| 2025-12-09 | Wilm Renee L | Option exercise | 7.3K | — |
| 2025-12-09 | Wilm Renee L | Option exercise | 2.2K | — |
| 2025-12-09 | Wilm Renee L | Option exercise | 2.2K | — |
| 2025-12-09 | Wilm Renee L | Tax withheld | 1.9K | $81.24 |
| 2025-12-09 | Wendling Brian J | Option exercise | 3.7K | — |
| 2025-12-09 | Wendling Brian J | Option exercise | 1.5K | — |
| 2025-12-09 | Wendling Brian J | Tax withheld | 2.3K | $90.56 |
| 2025-12-09 | Wendling Brian J | Option exercise | 1.2K | — |
| 2025-12-09 | Wendling Brian J | Option exercise | 1.1K | — |
| 2025-12-09 | Wendling Brian J | Tax withheld | 1.0K | $81.24 |
| 2025-12-09 | Wilm Renee L | Option exercise | 2.7K | — |
| 2025-12-09 | Wilm Renee L | Tax withheld | 4.3K | $90.56 |
| 2025-12-08 | MALONE JOHN C | Disposition | 47K | — |
| 2025-12-08 | MALONE JOHN C | Grant | 47K | — |
| 2025-12-06 | BENNETT ROBERT R | Option exercise | 454 | — |
| 2025-12-06 | Wong Andrea L | Option exercise | 657 | — |
| 2025-12-06 | Wong Andrea L | Option exercise | 227 | — |
| 2025-12-06 | DEEVY BRIAN | Option exercise | 657 | — |
| 2025-12-06 | DEEVY BRIAN | Option exercise | 227 | — |
| 2025-12-06 | CAREY CHASE | Option exercise | 1.3K | — |
| 2025-12-06 | CAREY CHASE | Option exercise | 437 | — |
| 2025-12-06 | MALONE EVAN DANIEL | Option exercise | 1.3K | — |
| 2025-12-06 | MALONE EVAN DANIEL | Option exercise | 454 | — |
| 2025-12-04 | DEEVY BRIAN | Tax withheld | 1.3K | $92.94 |
| 2025-12-04 | DEEVY BRIAN | Tax withheld | 826 | $82.34 |
| 2025-12-04 | DEEVY BRIAN | Option exercise | 166 | $14.23 |
| 2025-12-04 | DEEVY BRIAN | Option exercise | 1.6K | $42.26 |
| 2025-12-04 | DEEVY BRIAN | Option exercise | 3.9K | $29.92 |
| 2025-11-12 | CAREY CHASE | Option exercise | 81K | $33.22 |
| 2025-11-12 | CAREY CHASE | Sell | 40K | $103.29 |
| 2025-11-12 | CAREY CHASE | Sell | 41K | $102.50 |
| 2025-11-10 | ROMRELL LARRY E | Tax withheld | 1.1K | $102.65 |
| 2025-11-10 | CAREY CHASE | Option exercise | 109K | $33.22 |
| 2025-11-10 | CAREY CHASE | Sell | 9.9K | $103.12 |
| 2025-11-10 | Wilm Renee L | Tax withheld | 10.0K | $84.33 |
| 2025-11-10 | ROMRELL LARRY E | Option exercise | 3.9K | $29.92 |
| 2025-11-10 | CAREY CHASE | Sell | 99K | $102.48 |
| 2025-11-07 | Wilm Renee L | Option exercise | 23K | $50.55 |
| 2025-11-07 | Wilm Renee L | Option exercise | 3.2K | $20.01 |
| 2025-11-07 | Wilm Renee L | Tax withheld | 1.8K | $84.34 |
| 2025-11-07 | Wilm Renee L | Sell | 6.5K | $84.34 |
| 2025-11-07 | Wilm Renee L | Tax withheld | 7.7K | $84.28 |
| 2025-11-07 | Wilm Renee L | Option exercise | 14K | $42.10 |
| 2025-11-07 | Wilm Renee L | Sell | 4.7K | $102.42 |
| 2025-11-07 | Wilm Renee L | Tax withheld | 9.4K | $102.43 |
| 2025-10-08 | ROMRELL LARRY E | Option exercise | 166 | $14.23 |
| 2025-10-08 | ROMRELL LARRY E | Option exercise | 1.6K | $42.26 |
| 2025-10-08 | ROMRELL LARRY E | Tax withheld | 762 | $89.26 |
| 2025-09-12 | Wendling Brian J | Option exercise | 4.4K | $45.33 |
| 2025-09-12 | Wendling Brian J | Sell | 4.4K | $102.00 |
| 2025-09-10 | Wendling Brian J | Sell | 5.0K | $100.20 |
| 2025-09-10 | Wendling Brian J | Option exercise | 621 | $20.03 |
| 2025-09-10 | Wendling Brian J | Option exercise | 4.4K | $45.33 |
| 2025-09-08 | Gilchrist Malcolm Ian Grant | Tax withheld | 828 | $100.16 |
| 2025-09-08 | Gilchrist Malcolm Ian Grant | Option exercise | 1.6K | $50.88 |
| 2025-09-08 | Gilchrist Malcolm Ian Grant | Option exercise | 163 | $20.86 |
| 2025-09-08 | Gilchrist Malcolm Ian Grant | Sell | 898 | $100.20 |
| 2025-08-27 | Gilchrist Malcolm Ian Grant | Sell | 868 | $97.11 |
| 2025-08-25 | Gilchrist Malcolm Ian Grant | Option exercise | 166 | $14.23 |
| 2025-08-25 | Gilchrist Malcolm Ian Grant | Option exercise | 3.9K | $29.92 |
| 2025-08-25 | Gilchrist Malcolm Ian Grant | Sell | 3.9K | $102.44 |
| 2025-08-25 | Gilchrist Malcolm Ian Grant | Option exercise | 1.6K | $42.26 |
| 2025-08-25 | Gilchrist Malcolm Ian Grant | Tax withheld | 25 | $95.98 |
| 2025-08-25 | Gilchrist Malcolm Ian Grant | Tax withheld | 684 | $95.95 |
| 2025-08-12 | Wong Andrea L | Sell | 2.6K | $97.06 |
| 2025-05-22 | Wong Andrea L | Sell | 385 | $76.27 |
| 2025-05-22 | Wong Andrea L | Sell | 1.2K | $97.21 |
| 2025-05-16 | CAREY CHASE | Option exercise | 50K | $85.00 |
| 2025-05-16 | CAREY CHASE | Option exercise | 50K | $33.22 |
| 2025-05-13 | CAREY CHASE | Option exercise | 100K | $33.22 |
| 2025-05-13 | CAREY CHASE | Sell | 100K | $96.38 |
| 2025-05-13 | Wong Andrea L | Option exercise | 3.9K | $29.92 |
| 2025-05-13 | Wong Andrea L | Tax withheld | 1.2K | $94.28 |
| 2025-05-13 | Wong Andrea L | Option exercise | 1.6K | $42.26 |
| 2025-05-13 | Wong Andrea L | Option exercise | 166 | $14.23 |
| 2025-05-13 | Wong Andrea L | Tax withheld | 894 | $76.16 |
| 2025-05-12 | CAREY CHASE | Option exercise | 50K | $33.22 |
| 2025-05-12 | CAREY CHASE | Sell | 50K | $94.60 |
| 2025-05-09 | Wilm Renee L | Option exercise | 67K | $42.06 |
| 2025-05-09 | Wilm Renee L | Sell | 67K | $95.25 |
| 2025-05-09 | Gilchrist Malcolm Ian Grant | Sell | 1.3K | $94.79 |
| 2025-05-09 | Wendling Brian J | Sell | 9.5K | $95.20 |
| 2025-05-09 | Wendling Brian J | Option exercise | 9.5K | $42.10 |
| 2025-04-17 | CAREY CHASE | Option exercise | 100K | $33.22 |
| 2025-04-17 | CAREY CHASE | Option exercise | 100K | $80.00 |
| 2025-03-15 | Wilm Renee L | Tax withheld | 4.7K | $85.96 |
| 2025-03-15 | Wilm Renee L | Tax withheld | 1.4K | $64.96 |
| 2025-03-15 | Wendling Brian J | Tax withheld | 2.4K | $85.96 |
| 2025-03-15 | Wendling Brian J | Tax withheld | 737 | $64.96 |
| 2025-03-14 | Wilm Renee L | Grant | 3.3K | — |
| 2025-03-14 | Wendling Brian J | Grant | 1.7K | — |
| 2025-03-14 | Wilm Renee L | Grant | 11K | — |
| 2025-03-14 | Wendling Brian J | Grant | 5.5K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-17 | 0001560385-26-000018 ↗ |
| 8-K | 2026-05-12 | 2026-05-12 | 0001104659-26-059457 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001104659-26-058729 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001104659-26-056984 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001560385-26-000015 ↗ |
| 8-K | 2026-04-24 | 2026-04-23 | 0001560385-26-000013 ↗ |
| 8-K | 2026-04-21 | 2026-04-20 | 0001560385-26-000011 ↗ |
| 8-K | 2026-03-09 | 2026-03-06 | 0001560385-26-000009 ↗ |
| 8-K | 2026-03-06 | 2026-03-05 | 0001104659-26-024285 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001104659-26-020653 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001560385-26-000006 ↗ |
| 8-K | 2026-02-25 | 2026-02-24 | 0001560385-26-000004 ↗ |