Liberty Media Corp Del SEC Filings

Janus Henderson Group plc reports a disclosed stake in Liberty Media Corporation's Series C Liberty Formula One Common Stock. The filing is an Amendment No. 9 to Schedule 13G and shows ownership at roughly 6.1% of the class, with reported shared voting and dispositive power of approximately 13.5 million shares. The filer states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control. The document identifies the issuer's principal office in Englewood, Colorado, gives a CUSIP (531229755) and the event date triggering the filing as 06/30/2025. The statement is signed by Kristin Mariani on 08/14/2025 and includes a power of attorney executed on 12/9/2022.

Rule 144 notice for Liberty Media (LSXMA) reports a proposed sale of 2,615 common shares through Fidelity Brokerage Services with an aggregate market value of $253,524.25. The filing identifies 2615 shares as the amount to be sold and lists the approximate sale date as 08/12/2025. The company’s outstanding shares are reported as 223,627,028, so the proposed sale represents roughly 0.0012% of the outstanding float, a de minimis quantity.

The notice also discloses recent acquisitions by the seller via stock option exercises: 2,652 shares on 05/13/2025, 602 shares on 12/08/2024, and 1,147 shares on 12/10/2021 (totaling 4,401 shares acquired by exercise). A prior sale by Andrea Wong of 1,200 shares on 05/22/2025 generated $116,652.00 in gross proceeds. The notice contains no earnings or operational disclosures.

Liberty Media Corp. (Nasdaq: FWONA/FWONK, LLYVA/LLYVK) filed its Q2-25 Form 10-Q. Total revenue rose 36% YoY to $1.34 bn, driven by a 41% jump in Formula 1 race-related income ($1.20 bn). Operating income expanded to $273 m from $57 m, lifting continuing net earnings to $204 m (+29% YoY). Discontinued operations related to the 2024 SiriusXM split skews prior-year comparables, so continuing results give the cleanest view.

Balance sheet shifts are material. Cash climbed to $3.45 bn (vs. $2.96 bn YE-24), aided by $612 m operating cash flow (+55%). Long-term debt fell to $3.0 bn (-34%), but $1.80 bn was reclassified to current, pushing current liabilities to $3.10 bn (+174%). Equity in affiliates—principally Live Nation—grew to $622 m.

Strategic moves. On 3 July 25 Liberty closed the $3.7 bn acquisition of 84% of MotoGP (funded with cash and $1 bn new term loans), expected to be folded into the Formula One Group. Management also reiterates plans to spin off the Liberty Live Group in 2H-25 after an internal asset re-attribution.

Key metrics (three-month period):

• Adj. operating margin: 20.3% vs 5.8%
• EPS – Formula One tracking stock: $1.53 vs $0.10; Liberty Live: -$1.93 vs +$1.46
• FCF (oper.): $612 m vs $394 m (six-month)

Liberty Media Corporation filed a Form 8-K on 23 June 2025 to disclose a material regulatory milestone for its pending acquisition of Dorna Sports, S.L. Under Item 7.01 (Regulation FD), the company announced that it has now obtained all approvals required under applicable foreign competition laws. The announcement was furnished to the SEC together with a press release (Exhibit 99.1) and therefore is not deemed “filed” for purposes of Section 13 or 15(d).

The disclosure indicates that the transaction has cleared antitrust review outside the United States, removing a key closing condition. No financial terms, purchase price, or updated timetable were provided in the 8-K, and the company did not furnish or incorporate any pro-forma financial statements. Aside from the regulatory update, there were no changes to Liberty Media’s capital structure or guidance, nor were any earnings metrics discussed.

Securities affected include the Series A and C shares of both Liberty Formula One (FWONA, FWONK) and Liberty Live (LLYVA, LLYVK), all listed on Nasdaq. Management executed the filing through Senior Vice President Craig Troyer.

Key takeaway for investors: clearance of all foreign competition approvals materially advances the Dorna Sports acquisition toward completion, reducing execution risk but leaving final closing steps unspecified.