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Quarterly report [Sections 13 or 15(d)]

Financial Information for Tracking Stock Groups - Statement of Operations (Details)

v3.25.3
Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue: Ìý Ìý Ìý Ìý
Total revenue $ 1,085 $ 911 $ 2,873 $ 2,486
Operating expenses: Ìý Ìý Ìý Ìý
Selling, general and administrative, including stock-based compensation 140 118 363 310
Depreciation and amortization 118 88 275 263
Acquisition costs 14 3 28 23
Total operating costs and expenses 936 804 2,522 2,229
Operating income (loss) 149 107 351 257
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (86) (62) (198) (184)
Share of earnings (losses) of affiliates, net 121 116 193 175
Realized and unrealized gains (losses) on financial instruments, net (160) (55) (224) 11
Other, net (1) 29 105 76
Total other income (expense) (126) 28 (124) 78
Earnings (loss) from continuing operations before income taxes 23 135 227 335
Income tax (expense) benefit (10) (3) (5) (41)
Net earnings (loss) from continuing operations 13 132 222 294
Net earnings (loss) from discontinued operations Ìý (3,002) Ìý (2,412)
Net earnings (loss) 13 (2,870) 222 (2,118)
Less net earnings (loss) attributable to noncontrolling interests 0 (502) 0 (410)
Net earnings (loss) attributable to èßäÉçÇø stockholders 13 (2,368) 222 (1,708)
Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 1,085 911 2,873 2,486
Operating expenses: Ìý Ìý Ìý Ìý
Selling, general and administrative, including stock-based compensation 131 115 343 303
Depreciation and amortization 118 88 275 263
Acquisition costs 14 3 28 23
Total operating costs and expenses 927 801 2,502 2,222
Operating income (loss) 158 110 371 264
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (79) (54) (176) (162)
Share of earnings (losses) of affiliates, net (3) (1) (8) (6)
Realized and unrealized gains (losses) on financial instruments, net 17 39 259 86
Other, net (4) 21 96 56
Total other income (expense) (69) 5 171 (26)
Earnings (loss) from continuing operations before income taxes 89 115 542 238
Income tax (expense) benefit (23) 2 (72) (20)
Net earnings (loss) from continuing operations Ìý 117 Ìý 218
Net earnings (loss) 66 117 470 218
Less net earnings (loss) attributable to noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to èßäÉçÇø stockholders 66 117 470 218
èßäÉçÇø Live Group Ìý Ìý Ìý Ìý
Operating expenses: Ìý Ìý Ìý Ìý
Selling, general and administrative, including stock-based compensation 9 3 20 7
Total operating costs and expenses 9 3 20 7
Operating income (loss) (9) (3) (20) (7)
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (7) (8) (22) (22)
Share of earnings (losses) of affiliates, net 124 117 201 181
Realized and unrealized gains (losses) on financial instruments, net (177) (94) (483) (75)
Other, net 3 8 9 20
Total other income (expense) (57) 23 (295) 104
Earnings (loss) from continuing operations before income taxes (66) 20 (315) 97
Income tax (expense) benefit 13 (5) 67 (21)
Net earnings (loss) from continuing operations Ìý 15 Ìý 76
Net earnings (loss) (53) 15 (248) 76
Less net earnings (loss) attributable to noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to èßäÉçÇø stockholders (53) 15 (248) 76
èßäÉçÇø SiriusXM Group Ìý Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý Ìý
Net earnings (loss) from discontinued operations Ìý (3,002) Ìý (2,412)
Net earnings (loss) Ìý (3,002) Ìý (2,412)
Less net earnings (loss) attributable to noncontrolling interests Ìý (502) Ìý (410)
Net earnings (loss) attributable to èßäÉçÇø stockholders Ìý (2,500) Ìý (2,002)
Motorsport Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 1,024 848 2,627 2,251
Operating expenses: Ìý Ìý Ìý Ìý
Cost of services 631 554 1,696 1,472
Motorsport | Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 1,024 848 2,627 2,251
Operating expenses: Ìý Ìý Ìý Ìý
Cost of services 631 554 1,696 1,472
Other Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 61 63 246 235
Operating expenses: Ìý Ìý Ìý Ìý
Cost of services 33 41 160 161
Other | Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 61 63 246 235
Operating expenses: Ìý Ìý Ìý Ìý
Cost of services $ 33 $ 41 $ 160 $ 161