СÀ¶ÊÓÆµ

Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations

v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue: Ìý Ìý Ìý Ìý
Total revenue $ 1,341 $ 988 $ 1,788 $ 1,575
Operating costs and expenses: Ìý Ìý Ìý Ìý
Selling, general and administrative, including stock-based compensation 118 98 223 192
Acquisition costs 3 11 14 20
Depreciation and amortization 80 89 157 175
Total operating costs and expenses 1,068 931 1,586 1,425
Operating income (loss) 273 57 202 150
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (57) (60) (112) (122)
Share of earnings (losses) of affiliates, net 71 83 72 59
Realized and unrealized gains (losses) on financial instruments, net (129) 87 (64) 66
Other, net 70 26 106 47
Total other income (expense) (45) 136 2 50
Earnings (loss) from continuing operations before income taxes 228 193 204 200
Income tax (expense) benefit (24) (35) 5 (38)
Net earnings (loss) from continuing operations 204 158 209 162
Net earnings (loss) from discontinued operations Ìý 349 Ìý 590
Net earnings (loss) 204 507 209 752
Less net earnings (loss) attributable to the noncontrolling interests 0 50 0 92
Net earnings (loss) attributable to СÀ¶ÊÓÆµ stockholders 204 457 209 660
Formula One Group Ìý Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý Ìý
Net earnings (loss) from continuing operations attributable to СÀ¶ÊÓÆµ stockholders: $ 382 $ 24 $ 404 $ 101
Basic net earnings (loss) attributable to СÀ¶ÊÓÆµ stockholders per common share Ìý Ìý Ìý Ìý
Basic net earnings (loss) from continuing operations attributable to СÀ¶ÊÓÆµ stockholders per common share $ 1.53 $ 0.1 $ 1.62 $ 0.43
Diluted net earnings (loss) attributable to СÀ¶ÊÓÆµ stockholders per common share: Ìý Ìý Ìý Ìý
Diluted net earnings (loss) from continuing operations attributable to СÀ¶ÊÓÆµ stockholders per common share $ 1.52 $ 0.1 $ 1.55 $ 0.42
СÀ¶ÊÓÆµ Live Group Ìý Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý Ìý
Net earnings (loss) from continuing operations attributable to СÀ¶ÊÓÆµ stockholders: $ (178) $ 134 $ (195) $ 61
Basic net earnings (loss) attributable to СÀ¶ÊÓÆµ stockholders per common share Ìý Ìý Ìý Ìý
Basic net earnings (loss) from continuing operations attributable to СÀ¶ÊÓÆµ stockholders per common share $ (1.93) $ 1.46 $ (2.12) $ 0.66
Diluted net earnings (loss) attributable to СÀ¶ÊÓÆµ stockholders per common share: Ìý Ìý Ìý Ìý
Diluted net earnings (loss) from continuing operations attributable to СÀ¶ÊÓÆµ stockholders per common share $ (1.93) $ 1.46 $ (2.12) $ 0.66
СÀ¶ÊÓÆµ SiriusXM Group Ìý Ìý Ìý Ìý
Other income (expense): Ìý Ìý Ìý Ìý
Net earnings (loss) from discontinued operations attributable to СÀ¶ÊÓÆµ stockholders: Ìý $ 299 Ìý $ 498
Basic net earnings (loss) attributable to СÀ¶ÊÓÆµ stockholders per common share Ìý Ìý Ìý Ìý
Basic net earnings (loss) from discontinued operations attributable to СÀ¶ÊÓÆµ stockholders per common share Ìý $ 0.91 Ìý $ 1.52
Diluted net earnings (loss) attributable to СÀ¶ÊÓÆµ stockholders per common share: Ìý Ìý Ìý Ìý
Diluted net earnings (loss) from discontinued operations attributable to СÀ¶ÊÓÆµ stockholders per common share Ìý $ 0.6 Ìý $ 1.13
Formula 1 Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue $ 1,203 $ 853 $ 1,603 $ 1,403
Operating costs and expenses: Ìý Ìý Ìý Ìý
Cost of services 779 639 1,065 918
Other Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 138 135 185 172
Operating costs and expenses: Ìý Ìý Ìý Ìý
Cost of services $ 88 $ 94 $ 127 $ 120