Liberty Media (FWONK) Q2 FY26 earnings call

Liberty Media reported a strong quarter for both Formula One and MotoGP, despite calendar variability impacting F1's reported financials. F1 continues to see robust demand across premium hospitality, licensing, and sponsorship, with significant fan engagement growth. MotoGP is building its commercial foundation, securing long-term agreements with manufacturers and teams, and expanding its global footprint, with both sports focused on disciplined capital allocation and organic growth.