Âé¶¹×îгöÆ·

Quarterly report [Sections 13 or 15(d)]

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

v3.25.3
Information About Âé¶¹×îгöÆ·'s Operating Segments (Tables)
9 Months Ended
Sep. 30, 2025
Information About Âé¶¹×îгöÆ·'s Operating Segments Ìý
Schedule of performance measures

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended September 30, 2025

​

​

ÌýÌýÌýÌý

​

​

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula 1

​

MotoGP

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

738

​

147

​

—

​

—

​

885

​

Other revenue

​

​

131

​

22

​

68

​

(21)

​

200

​

Total revenue

​

​

869

​

169

​

68

​

(21)

​

1,085

​

Operating expenses:

​

​

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments, excluding Concorde incentive payments

​

​

(341)

​

—

​

—

​

—

​

(341)

​

Other cost of revenue

​

​

(211)

​

(84)

​

(49)

​

21

​

(323)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(83)

​

(19)

​

(30)

​

—

​

(132)

​

Adjusted OIBDA

​

$

234

​

66

​

(11)

​

—

​

289

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended September 30, 2025

​

​

ÌýÌýÌýÌý

​

​

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula 1

​

MotoGP

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

2,089

​

147

​

—

​

—

​

2,236

​

Other revenue

​

​

409

​

22

​

266

​

(60)

​

637

​

Total revenue

​

​

2,498

​

169

​

266

​

(60)

​

2,873

​

Operating expenses:

​

​

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments, excluding Concorde incentive payments

​

​

(968)

​

—

​

—

​

—

​

(968)

​

Other cost of revenue

​

​

(613)

​

(84)

​

(201)

​

60

​

(838)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(237)

​

(19)

​

(89)

​

—

​

(345)

​

Adjusted OIBDA

​

$

680

​

66

​

(24)

​

—

​

722

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended September 30, 2024

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula 1

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

758

​

—

​

—

​

758

​

Other revenue

​

​

103

​

70

​

(20)

​

153

​

Total revenue

​

​

861

​

70

​

(20)

​

911

​

Operating expenses:

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments

​

​

(371)

​

—

​

—

​

(371)

​

Other cost of revenue

​

​

(190)

​

(54)

​

20

​

(224)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(79)

​

(32)

​

—

​

(111)

​

Adjusted OIBDA

​

$

221

​

(16)

​

—

​

205

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nine months ended September 30, 2024

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula 1

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue:

​

​

​

​

​

​

​

​

​

​

Primary revenue

​

$

1,960

​

—

​

—

​

1,960

​

Other revenue

​

​

325

​

255

​

(54)

​

526

​

Total revenue

​

​

2,285

​

255

​

(54)

​

2,486

​

Operating expenses:

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments

​

​

(969)

​

—

​

—

​

(969)

​

Other cost of revenue

​

​

(523)

​

(195)

​

54

​

(664)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(204)

​

(79)

​

—

​

(283)

​

Adjusted OIBDA

​

$

589

​

(19)

​

—

​

570

​

Schedule of other information by segment

​

​

​

​

​

​

​

​

​

​

September 30, 2025

​

​

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

Ìý

​

​

assets

​

inÌýaffiliates

​

​

​

amountsÌýinÌýmillions

​

Formula One Group

​

​

​

​

​

​

Formula 1

​

$

8,392

​

3

​

MotoGP

​

​

6,428

​

—

​

Corporate and other

​

Ìý

2,144

Ìý

30

​

Intragroup elimination

​

​

(604)

​

—

​

Total Formula One Group

​

​

16,360

​

33

​

Âé¶¹×îгöÆ· Live Group

​

​

​

​

​

​

Corporate and other

​

​

1,489

​

708

​

Total Âé¶¹×îгöÆ· Live Group

​

​

1,489

​

708

​

Elimination

​

​

(28)

​

—

​

Consolidated Âé¶¹×îгöÆ·

​

$

17,821

Ìý

741

​

​

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

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​

​

​

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​

​

​

​

​

​

​

Three months ended

​

Nine months ended

​

​

​

September 30,

​

September 30,

​

​

ÌýÌýÌýÌý

2025

ÌýÌýÌýÌý

2024

ÌýÌýÌýÌý

2025

ÌýÌýÌýÌý

2024

Ìý

​

​

amountsÌýinÌýmillions

​

Adjusted OIBDA

​

$

289

Ìý

205

Ìý

722

Ìý

570

​

Concorde incentive payments

​

​

—

​

—

​

(50)

​

—

​

Acquisition costs

​

​

(14)

​

(3)

​

(28)

​

(23)

​

Stock-based compensation

​

Ìý

(8)

Ìý

(7)

Ìý

(18)

Ìý

(27)

​

Depreciation and amortization

​

Ìý

(118)

Ìý

(88)

Ìý

(275)

Ìý

(263)

​

Operating income (loss)

​

​

149

​

107

​

351

​

257

​

Interest expense

​

Ìý

(86)

Ìý

(62)

Ìý

(198)

Ìý

(184)

​

Share of earnings (losses) of affiliates, net

​

Ìý

121

Ìý

116

Ìý

193

Ìý

175

​

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

​

Ìý

(160)

Ìý

(55)

Ìý

(224)

Ìý

11

​

Other, net

​

Ìý

(1)

Ìý

29

Ìý

105

Ìý

76

​

Earnings (loss) from continuing operations before income taxes

​

$

23

Ìý

135

Ìý

227

Ìý

335

​

​