Liberty Media has reported another quarter of growth for its Formula One Group, with the company posting $1.085 billion in revenue for the third quarter of 2025 — up from $911 million a year earlier.
The increase marks not only a solid performance for Formula 1 but also the first financial contribution from MotoGP, which Liberty officially brought under its umbrella in July.
Formula 1 alone accounted for $869 million of the total revenue – a 1% year-on-year rise, despite the calendar featuring one fewer Grand Prix in the period compared to 2024. The championship’s operating income for the quarter came in at $168 million, bolstered by continued strength in hospitality, sponsorship, and licensing.
Formula One Group CEO Stefano Domenicali hailed the results as another sign of F1’s enduring global momentum.
“We are nearing the end of another incredible season showcasing the very best of F1 – thrilling racing, tight competition and nearly half the grid reaching the podium,” Domenicali said.
“F1 remains a cultural cornerstone, evidenced by the global box office success of the F1 movie and further underscored by increasing engagement across our channels.”
The sport’s commercial success continues to be underpinned by long-term partnerships and new collaborations. Domenicali highlighted the new U.S. distribution partnership with Apple, which he said “will highlight the collaborative innovation between our brands for continued growth in the US.”
F1 has also strengthened its position globally through early race contract extensions in several key markets.
“Recent strong race renewals and early extensions in key markets including Austin, Azerbaijan and Monaco also demonstrate the value F1 brings to the cities in which we race,” Domenicali added.
“We are confident in the next chapter of growth at F1.”
The third quarter also saw MotoGP’s first appearance in Liberty Media’s financial results, following the company’s 84% acquisition of Dorna Sports completed on July 3.
The premier motorcycle championship contributed $169 million in Q3 revenue, buoyed by renewed race agreements, extended broadcast rights, and new sponsorship deals.
Dorna also refinanced its debt during the period, achieving longer maturities and lower interest rates — a move that should improve financial flexibility in the seasons ahead.
©MotoGP
MotoGP CEO Carmelo Ezpeleta described the early months of Liberty ownership as both “exciting and productive.”
“Our first few months with Liberty have been exciting and productive, and we look forward to working together to accelerate our growth in the years ahead,” Ezpeleta said.
“We’ve signed new sponsors and renewed existing partners this quarter as we continue building on the momentum from our brand refresh last year. The season is closing out with record attendance and growth in TV viewership, digital engagement and social followers.
“We continue to work on expanding our engagement with new audiences while deepening relationships with existing fans and are confident in the long-term opportunity.”
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The inclusion of MotoGP marks a pivotal expansion for Liberty Media, diversifying its motorsport portfolio while maintaining strong performance from F1.
With both championships experiencing record fan engagement, rising media revenues, and robust sponsorship activity, Liberty’s strategy of scaling global motorsport entertainment appears firmly on track.
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