Liberty Media Corporation Total Operating Expenses decreased by 53.2% to $647.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 25.9%, from $514.00M to $647.00M. Over 3 years (FY 2021 to FY 2025), Total Operating Expenses shows a downward trend with a -25.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expenses| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.25B | $2.40B | $2.66B | $2.11B | $2.70B | $2.74B | $2.22B | $2.72B | $835.00M | $1.10B | $494.00M | $931.00M | $804.00M | $1.14B | $514.00M | $1.07B | $936.00M | $1.38B | $647.00M |
| QoQ Change | — | +6.4% | +10.9% | -20.8% | +28.3% | +1.4% | -19.2% | +22.8% | -69.3% | +32.1% | -55.2% | +88.5% | -13.6% | +41.4% | -54.8% | +107.8% | -12.4% | +47.8% | -53.2% |
| YoY Change | — | — | — | — | +19.9% | +14.3% | +5.2% | +0.7% | -69.5% | — | -77.7% | -65.8% | -3.7% | +3.1% | +4.0% | +14.7% | +16.4% | +21.6% | +25.9% |
| Segment | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q1 '25 |
|---|---|---|---|---|---|---|---|---|
| Formula One | $437.50M | $437.50M | $564.00M | $564.00M | $564.00M | $564.00M | $286.00M | $242.00M |
| Total | $2.74B | — | $2.22B | $2.72B | $835.00M | $1.10B | $494.00M | $514.00M |
Formula One was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.