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Development of Business In November 2024, the board of directors of Liberty Media Corporation ( Liberty Media ) authorized Liberty Media management to pursue a plan to split-off the Liberty Live Group (the Split-Off ), which was completed on December 15, 2025. Immediately prior to effecting the Split-Off, Liberty Media s subsidiary Quint, interests in certain private assets and $171.7 million o…
The business is unprofitable at the operating level (-13.54% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 12.2% YoY with margins expanding 20.6pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$381M
▲ +12.2% YoY
Net Income (TTM)
-$396M
▲ +22.9% YoY
Op. Margin
-14.14%
▲ +20.6pp YoY
ROIC
-1.17%
▲ +4.2pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (FY)
-$29M
▼ -16.8% YoY
Net Debt
$3.11B
Cash & Equiv.
$524M
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