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Information About Liberty's Operating Segments - Performance Measures (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Revenue | $ 1,341 | $ 988 | $ 1,788 | $ 1,575
Operating expenses: |  |  |  |
Team payments |  | (435) |  | (598)
Team payments, excluding Concorde incentive payments | (513) |  | (627) |
Other cost of revenue | (354) | (298) | (515) | (440)
Selling, general and administrative, excluding stock-based compensation | (110) | (91) | (213) | (172)
Adjusted OIBDA | 364 | 164 | 433 | 365
Primary |  |  |  |
Revenue | 1,032 | 739 | 1,351 | 1,202
Other |  |  |  |
Revenue | 309 | 249 | 437 | 373
Operating Segments | Formula 1 |  |  |  |
Revenue | 1,226 | 871 | 1,629 | 1,424
Operating expenses: |  |  |  |
Team payments |  | (435) |  | (598)
Team payments, excluding Concorde incentive payments | (513) |  | (627) |
Other cost of revenue | (274) | (210) | (402) | (333)
Selling, general and administrative, excluding stock-based compensation | (78) | (66) | (154) | (125)
Adjusted OIBDA | 361 | 160 | 446 | 368
Operating Segments | Primary | Formula 1 |  |  |  |
Revenue | 1,032 | 739 | 1,351 | 1,202
Operating Segments | Other | Formula 1 |  |  |  |
Revenue | 194 | 132 | 278 | 222
Corporate and Other |  |  |  |
Revenue | 145 | 141 | 198 | 185
Operating expenses: |  |  |  |
Other cost of revenue | (110) | (112) | (152) | (141)
Selling, general and administrative, excluding stock-based compensation | (32) | (25) | (59) | (47)
Adjusted OIBDA | 3 | 4 | (13) | (3)
Corporate and Other | Other |  |  |  |
Revenue | 145 | 141 | 198 | 185
Eliminations |  |  |  |
Revenue | (30) | (24) | (39) | (34)
Operating expenses: |  |  |  |
Other cost of revenue | 30 | 24 | 39 | 34
Eliminations | Other |  |  |  |
Revenue | $ (30) | $ (24) | $ (39) | $ (34)

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- Definition Adjusted OIBDA is defined by the Company as revenue less operating expenses and selling, general and administrative expenses (excluding stock-based compensation). This measure of performance excludes depreciation and amortization, stock-based compensation, separately reported litigation settlements and restructurings and impairment charges that are included in the measurement of operating income pursuant to GAAP. + References No definition available. + Details
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses excluding stock-based compensation. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. + References No definition available. + Details
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