SHARPE
Reported results
- Consolidated Liberty total revenue for the three months ended September 30, 2026 was $1,226 million, compared to $1,085 million for the same period in 2025.
- Consolidated Liberty GAAP operating income for the three months ended September 30, 2026 was $237 million, compared to GAAP operating income of $158 million for the same period in 2025.
- Consolidated Liberty non-GAAP Adjusted OIBDA was $353 million for the three months ended September 30, 2026, compared to $297 million for the three months ended September 30, 2025.
- Formula 1 motorsport revenue was $1,115 million and GAAP operating income was $270 million for the three months ended September 30, 2026.
- Formula 1 non-GAAP Adjusted OIBDA increased 44% to $338 million for the three months ended September 30, 2026, compared to $234 million for the same period in 2025.
- MotoGP total motorsport revenue was $111 million, GAAP operating loss was $3 million, and non-GAAP Adjusted OIBDA was $35 million for the three months ended September 30, 2026.
Notes
Quint was consolidated in results until the split-off of Liberty Live Holdings, Inc. on December 15, 2025. Prior period MotoGP comparisons are presented on a pro forma basis as if the acquisition closed on January 1, 2024.
Price and volatility reaction
The stock moved +1.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -0.3 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 99.72 | 2026-11-05 |
| Close after release | 101.01 | 2026-11-06 |
| Realised move | +1.3% | close to close |
| 30d ATM IV change | -0.3 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.