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Standing Risk Factors

  • Doj Antitrust Investigation (unchanged) — Department of Justice opened investigation into Formula 1's conduct regarding Andretti's entry application; company is cooperating but outcome uncertain.
NASDAQ: FWONA Liberty Media Corp 10-Q

Liberty Media Q2 revenue falls 30.4% to $934M as Middle East conflict cancels two F1 races

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

  • high

    Net income plunged 96.1% to $8M in Q2 2026 from $205M in Q2 2025.

    MD&A: Operating Results verify on EDGAR →
  • high

    Two Formula 1 races in Bahrain and Saudi Arabia canceled in April 2026 due to Middle East conflict; calendar reduced from 24 to 22 events as of June 30, later revised to 23 after Malaysia announced as replacement host for Bahrain Grand Prix in October.

    MD&A: Middle East Race Cancellations verify on EDGAR →
  • high

    DOJ opened antitrust investigation in August 2024 into Formula 1's handling of Andretti Formula Racing's application to enter the F1 Championship; company is cooperating but outcome uncertain.

    Risk Factors verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 21, 2026 · How we verify