What Liberty Interactive, Inc. does

Liberty Media Corporation is a publicly traded holding company headquartered at 12300 Liberty Boulevard, Englewood, Colorado, that owns and operates a diversified portfolio of media, entertainment, and sports assets. The company's two largest wholly-owned operating subsidiaries are Formula 1 — the global FIA Formula One World Championship and one of the world's most-watched annual sporting series — and MotoGP, the premier global motorcycle road racing championship. Liberty Media also tracks the performance of its approximate 73% economic interest in Sirius XM Holdings through the Liberty SiriusXM Group tracking stock, and maintains minority equity investments in Live Nation Entertainment (~5%), Liberty Broadband, Sirius XM Canada, and SoundCloud.

Revenue is generated through multiple streams across the portfolio. In FY2023, the Liberty SiriusXM Group contributed $8.953 billion in subscription-based satellite radio revenue, the Formula One Group contributed $3.222 billion from race promotion fees, broadcasting rights, advertising and sponsorship, hospitality, and F1 TV streaming subscriptions, and the Braves Group (split off as Atlanta Braves Holdings in 2023) contributed $350 million from ticket sales, broadcasting rights, merchandising, and stadium concessions. Equity-method share of earnings from affiliates (Live Nation, Sirius XM Canada, SoundCloud) added a further $138 million to consolidated net earnings. FY2023 total consolidated revenue was $12.525 billion with $761 million in net earnings attributable to Liberty stockholders.

Liberty Media does not develop proprietary technology products; it operates as an asset-holding and capital-allocation entity. The company's go-to-market is executed through its operating subsidiaries: Formula 1 and MotoGP leverage corporate sponsorships, broadcast distribution (ESPN, Sky Sports), event promotion, and direct-to-consumer streaming; Sirius XM uses subscription-based satellite radio hardware distributed through automotive OEM pre-install agreements and consumer electronics retail. The company employs a complex tracking stock capital structure — FWONA/FWONK/FWONB (Formula One Group), LSXMA/LSXMK (Liberty SiriusXM), and LLYVA/LLYVK (Liberty Live) — that allows investors to take targeted exposure to specific business segments. In August 2026, Liberty Media priced a private offering of $600 million of 2.375% Convertible Senior Notes due 2032. The entity is controlled by Chairman John C. Malone, who has historically executed acquisition, reorganization, and spin-off cycles across the broader Liberty family of companies.

Name

Liberty Interactive, Inc.

Legal name

Liberty Media Corporation

Website

https://libertymedia.com

Company type

Public

Operating status

Operating

Short description

Liberty Media Corporation is a publicly traded holding company (NASDAQ: FWONA) that owns Formula 1, MotoGP, and a ~73% economic interest in Sirius XM, plus minority stakes in Live Nation and SoundCloud, serving global motorsport fans, satellite radio subscribers, and corporate sponsors.

Ownership category

akta.pro rank

Product category

Media and Entertainment Holding Company

NAICS

Management of Companies and Enterprises (55111)

SIC

Services-Motion Picture & Video Tape Distribution (7822)

akta.pro primary industry

Franchise Ownership Groups & Multi-Club Organizations (Multi-team owners, holding companies) (MPAKABAJ)

akta.pro secondary industry

Sports & Event Media Rights Licensing (MPADALAE)

Keywords

• Media holding company
• Motorsport racing events
• Satellite radio services
• Sports entertainment assets
• Tracking stock investments

Headquarters

HQ city

Englewood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Sirius XM Subscription Revenue: Sirius XM Holdings generates subscription-based recurring revenue from satellite radio services. The Liberty SiriusXM Group reported total revenue of $8.953 billion for FY 2023, making it the largest revenue contributor. Revenue streams include subscriber fees, advertising, and licensing.
2. Formula 1 Racing Revenue: Formula One Group reported total revenue of $3.222 billion for FY 2023. Revenue is generated through race promotion fees, broadcasting rights, advertising and sponsorship, hospitality, and F1 TV streaming subscriptions.
3. Atlanta Braves Revenue: The Braves Group (now split off) generated $350 million in revenue for FY 2023 from ticket sales, broadcasting rights, merchandising, and stadium concessions associated with the MLB baseball team and Truist Park.
4. Equity Method Investment Income: Liberty Media holds minority equity method investments in Live Nation (concerts and live entertainment), Sirius XM Canada, and SoundCloud. Share of earnings from affiliates contributed $138 million to consolidated net earnings in FY 2023.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Liberty Media Corporation is a publicly traded holding company that owns interests in a portfolio of media, entertainment, and sports businesses. Its core operating assets include wholly-owned subsidiaries Formula 1 (global motorsport racing series) and MotoGP (motorcycle racing championship), along with a majority stake in Sirius XM Holdings (satellite radio). The company structures its business through tracking stock groups and also holds minority equity investments in Live Nation Entertainment, SoundCloud, and Liberty Broadband.

Product overview

Liberty Media Corporation is a holding company operating multiple tracking stock groups across the media, entertainment, and sports industries. The company's portfolio consists of wholly-owned subsidiaries including Formula 1 (a premier motorsport racing series), MotoGPTM (a leading motorcycle racing championship), and the Atlanta Braves (Major League Baseball team). Additionally, Liberty Media holds interests through tracking stock structures including Liberty SiriusXM Group (tracking Sirius XM Holdings satellite radio) and Liberty Live Group (tracking Live Nation Entertainment and other assets). The company is not a technology product company but rather an investment holding company with diversified entertainment and sports assets.

Differentiator

Problem solved

Functional benefit

Brands

• Formula 1: Global FIA Formula One World Championship motorsport racing series
• MotoGP

Products and services

• Formula 1 Formula 1 is a wholly-owned subsidiary of Liberty Media Corporation and a prestigious global motorsport racing series (FIA Formula One World Championship) operating approximately 20+ grand prix events annually across five continents. It is one of the company's primary entertainment and sports assets.
• MotoGP MotoGP is a wholly-owned subsidiary of Liberty Media Corporation and a premier global motorcycle road racing championship featuring the world's leading motorcycle racing events. It is one of the company's key entertainment and sports assets.
• Liberty SiriusXM Group Liberty SiriusXM Group is a tracking stock group that tracks the performance of Liberty Media's approximate 73% ownership stake in Sirius XM Holdings Inc. (NASDAQ: SIRI), the leading satellite radio company in the United States. The group generated $8.953 billion in FY 2023 revenue.
• Liberty Live Group Liberty Live Group is a tracking stock group that holds Liberty Media's interest in Live Nation Entertainment and other assets, representing a segment of the company's diversified media and entertainment portfolio focused on live entertainment and sports.
• Atlanta Braves Holdings Atlanta Braves Holdings operates the Atlanta Braves Major League Baseball team and Truist Park stadium. The Braves Group tracking stock was split off in 2023 as a separate publicly traded entity containing the MLB team and Truist Park, generating $350 million in FY 2023 revenue from ticket sales, broadcasting rights, merchandising, and stadium concessions.

Quantifiable outcome

• FY 2023 total revenue of $12.525 billion with $761 million net earnings

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Formula 1coreOthersFormula 1 (wholly-owned subsidiary) is the world's premier open-wheel racing championship operating approximately 20+ grand prix events annually across five continents. Liberty Media acquired Formula 1 in 2017 and owns 100% of the business.
• MotoGPTcoreOthersMotoGPT (wholly-owned subsidiary) is the global motorcycle grand prix championship featuring premier motorcycle racing events worldwide. Acquired as part of Liberty Media's entertainment portfolio expansion.
• Live Nation EntertainmentminorOthersEquity method investment. Liberty Media holds approximately 5% stake in Live Nation Entertainment (owner of Ticketmaster), the world's largest live entertainment company.
• Sirius XM HoldingscoreOthersLiberty SiriusXM Group tracks the performance of Liberty Media's approximate 73% ownership stake in Sirius XM Holdings Inc. (NASDAQ: SIRI), the leading satellite radio company in the United States.
• Atlanta Braves HoldingsminorOthersThe Braves Group tracking stock was split off in 2023 as Atlanta Braves Holdings, Inc., a separate publicly traded entity containing the MLB team and Truist Park.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Endeavor Group Holdings: Formerly a publicly traded holding company for sports and entertainment assets including UFC, IMG, and WME. Provides direct comparison on holding-company structure for premium sports IP and live entertainment assets.
• Apollo Global Management: Large alternative asset manager with sports, media, and entertainment investments (e.g., Yahoo, Verizon Media). Comparable as a broad incumbent capital allocator in the media/sports holding-company space, though primarily a financial investor.

Direct peers

• Manchester United plc: Publicly traded global sports franchise (Premier League club) with media rights, sponsorship, and matchday revenue. Comparable as a publicly held premium sports IP with global brand reach.
• Liberty Broadband Corporation: Related Malone-controlled public holding company with similar tracking-stock structure and cable/broadband assets. Comparable on capital structure complexity and holding-company governance model.
• TKO Group Holdings: Public holding company combining UFC, WWE, PBR, and IMG. Like Liberty Media, TKO owns premier global combat sports IP with sponsorship, media rights, and live event revenue — the closest direct peer in the sports-holding-company category.
• Madison Square Garden Entertainment: Owns and operates iconic sports and entertainment venues (Madison Square Garden, Radio City) plus live entertainment assets. Comparable as a sports/entertainment holding company with venue-based revenue and event-driven economics.
• Atlanta Braves Holdings: Split off from Liberty Media in 2023; operates the Atlanta Braves MLB franchise and Truist Park. Direct comparable on the franchise ownership and live-sports economics side of Liberty's portfolio.

Emerging players

• Live Nation Entertainment: World's largest live entertainment company (Ticketmaster, concert promotion). Liberty holds a ~5% equity stake; comparable as a live-entertainment and ticketing revenue model adjacent to F1/MotoGP event economics.
• World Wrestling Entertainment (now under TKO): Premium sports entertainment IP with global media rights and live event economics. Now part of TKO but historically comparable to Liberty on long-duration content rights and sponsorship monetization.

Others

• Formula One Group (FWONA tracking stock): Internal Liberty Media tracking stock isolating the F1 business — illustrative of how public markets segment Liberty's portfolio, and a useful peer benchmark for valuing global motorsport IP.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liberty Interactive, Inc.