Âé¶¹×îгöÆ·

Quarterly report [Sections 13 or 15(d)]

Information About Âé¶¹×îгöÆ·'s Operating Segments (Tables)

v3.25.2
Information About Âé¶¹×îгöÆ·'s Operating Segments (Tables)
6 Months Ended
Jun. 30, 2025
Information About Âé¶¹×îгöÆ·'s Operating Segments Ìý
Schedule of performance measures

​

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​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30, 2025

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

1,032

​

—

​

—

​

1,032

​

Other revenue

​

​

194

​

145

​

(30)

​

309

​

Total revenue

​

​

1,226

​

145

​

(30)

​

1,341

​

Operating expenses:

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments, excluding Concorde incentive payments

​

​

(513)

​

—

​

—

​

(513)

​

Other cost of revenue

​

​

(274)

​

(110)

​

30

​

(354)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(78)

​

(32)

​

—

​

(110)

​

Adjusted OIBDA

​

$

361

​

3

​

—

​

364

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended June 30, 2025

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

1,351

​

—

​

—

​

1,351

​

Other revenue

​

​

278

​

198

​

(39)

​

437

​

Total revenue

​

​

1,629

​

198

​

(39)

​

1,788

​

Operating expenses:

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments, excluding Concorde incentive payments

​

​

(627)

​

—

​

—

​

(627)

​

Other cost of revenue

​

​

(402)

​

(152)

​

39

​

(515)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(154)

​

(59)

​

—

​

(213)

​

Adjusted OIBDA

​

$

446

​

(13)

​

—

​

433

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30, 2024

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

739

​

—

​

—

​

739

​

Other revenue

​

​

132

​

141

​

(24)

​

249

​

Total revenue

​

​

871

​

141

​

(24)

​

988

​

Operating expenses:

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments

​

​

(435)

​

—

​

—

​

(435)

​

Other cost of revenue

​

​

(210)

​

(112)

​

24

​

(298)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(66)

​

(25)

​

—

​

(91)

​

Adjusted OIBDA

​

$

160

​

4

​

—

​

164

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Six months ended June 30, 2024

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

1,202

​

—

​

—

​

1,202

​

Other revenue

​

​

222

​

185

​

(34)

​

373

​

Total revenue

​

​

1,424

​

185

​

(34)

​

1,575

​

Operating expenses:

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments

​

​

(598)

​

—

​

—

​

(598)

​

Other cost of revenue

​

​

(333)

​

(141)

​

34

​

(440)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(125)

​

(47)

​

—

​

(172)

​

Adjusted OIBDA

​

$

368

​

(3)

​

—

​

365

​

Schedule of other information by segment

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​

​

​

​

​

​

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​

June 30, 2025

​

​

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

Ìý

​

​

assets

​

inÌýaffiliates

​

​

​

amountsÌýinÌýmillions

​

Formula One Group

​

​

​

​

​

​

Formula 1

​

$

9,661

​

2

​

Corporate and other

​

Ìý

2,974

Ìý

31

​

Intergroup elimination

​

​

(150)

​

—

​

Total Formula One Group

​

​

12,485

​

33

​

Âé¶¹×îгöÆ· Live Group

​

​

​

​

​

​

Corporate and other

​

​

1,371

​

589

​

Total Âé¶¹×îгöÆ· Live Group

​

​

1,371

​

589

​

Elimination

​

​

(35)

​

—

​

Consolidated Âé¶¹×îгöÆ·

​

$

13,821

Ìý

622

​

​

Schedule Of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended

​

Six months ended

​

​

​

June 30,

​

June 30,

​

​

ÌýÌýÌýÌý

2025

ÌýÌýÌýÌý

2024

ÌýÌýÌýÌý

2025

ÌýÌýÌýÌý

2024

Ìý

​

​

amountsÌýinÌýmillions

​

Adjusted OIBDA

​

$

364

Ìý

164

Ìý

433

Ìý

365

​

Concorde incentive payments

​

​

—

​

—

​

(50)

​

—

​

Acquisition costs

​

​

(3)

​

(11)

​

(14)

​

(20)

​

Stock-based compensation

​

Ìý

(8)

Ìý

(7)

Ìý

(10)

Ìý

(20)

​

Depreciation and amortization

​

Ìý

(80)

Ìý

(89)

Ìý

(157)

Ìý

(175)

​

Operating income (loss)

​

​

273

​

57

​

202

​

150

​

Interest expense

​

Ìý

(57)

Ìý

(60)

Ìý

(112)

Ìý

(122)

​

Share of earnings (losses) of affiliates, net

​

Ìý

71

Ìý

83

Ìý

72

Ìý

59

​

Realized and unrealized gains (losses) on financial instruments, net

​

Ìý

(129)

Ìý

87

Ìý

(64)

Ìý

66

​

Other, net

​

Ìý

70

Ìý

26

Ìý

106

Ìý

47

​

Earnings (loss) from continuing operations before income taxes

​

$

228

Ìý

193

Ìý

204

Ìý

200

​

​