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Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share | 6 Months Ended
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Jun. 30, 2025
Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share |
Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share | (5) Earnings Attributable to Liberty Media Corporation Stockholders Per Common Share Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding (“WASO”) for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented, including any necessary adjustments to earnings (loss) attributable to shareholders. Excluded from diluted EPS for the three and six months ended June 30, 2025 are approximately 6 million and 3 million potentially dilutive shares of Series A and Series C Liberty Formula One common stock, respectively, because their inclusion would be antidilutive. There were no potentially dilutive shares of Liberty Live common stock excluded from diluted EPS for the three and six months ended June 30, 2025, because their inclusion would be antidilutive. Excluded from diluted EPS for the three and six months ended June 30, 2024 are approximately 6 million and 3 million potentially dilutive shares of Series A and Series C Liberty Formula One common stock, respectively, 1 million potentially dilutive shares of Series A and Series C Liberty Live common stock and 4 million and 3 million potentially dilutive shares of Series A and Series C Liberty SiriusXM common stock, respectively, because their inclusion would be antidilutive. Series A, Series B and Series C Liberty Formula One Common Stock The basic and diluted EPS calculations are based on the following WASO.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended June 30, | ​ | Six months ended June 30, | ​
​ | 2025 |  | 2024 |  | 2025 | ​ | 2024 | ​
​ | ​ | numbers of shares in millions | ​
Basic WASO |  | 250 |  | 235 | ​ | 249 | ​ | 235 | ​
Potentially dilutive shares (a) |  | 2 |  | 3 | ​ | 6 | ​ | 5 | ​
Diluted WASO (b) |  | 252 |  | 238 | ​ | 255 | ​ | 240 | ​
| (a) | Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.
| (b) | For periods in which share settlement of the 2.25% Convertible Senior Notes due 2027, which may be settled in shares of Series C Liberty Formula One common stock, is dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instrument during the period, net of tax where appropriate.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended June 30, | ​ | Six months ended June 30, | ​
​ | 2025 |  | 2024 |  | 2025 |  | 2024 | ​
​ |  | amounts in millions | ​
Basic earnings (loss) attributable to Liberty Formula One stockholders | $ | 382 | ​ | 24 | ​ | 404 | ​ | 101 | ​
Adjustments | ​ | — | ​ | — | ​ | (8) | ​ | — | ​
Diluted earnings (loss) attributable to Liberty Formula One stockholders | $ | 382 | ​ | 24 | ​ | 396 | ​ | 101 | ​
​ Series A, Series B and Series C Liberty Live Common Stock The basic and diluted EPS calculations are based on the following WASO.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended June 30, | ​ | Six months ended June 30, | ​
​ | 2025 |  | 2024 |  | 2025 | ​ | 2024 | ​
​ | ​ | numbers of shares in millions | ​
Basic WASO |  | 92 |  | 92 | ​ | 92 | ​ | 92 | ​
Potentially dilutive shares (a) |  | — |  | — | ​ | — | ​ | — | ​
Diluted WASO |  | 92 |  | 92 | ​ | 92 | ​ | 92 | ​
| (a) | Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.
Series A, Series B and Series C Liberty SiriusXM Common Stock The basic and diluted EPS calculations are based on the following WASO.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended June 30, | ​ | Six months ended June 30, | ​
​ | 2025 |  | 2024 |  | 2025 |  | 2024 | ​
​ | ​ | numbers of shares in millions | ​
Basic WASO |  | NA |  | 327 | ​ | NA | ​ | 327 | ​
Potentially dilutive shares (a) |  | NA |  | 47 | ​ | NA | ​ | 43 | ​
Diluted WASO (b) |  | NA |  | 374 | ​ | NA | ​ | 370 | ​
(a) | Potentially dilutive shares are excluded from the computation of EPS during periods in which net losses are reported since the result would be antidilutive.
(b) | For periods in which share settlement of the 2.75% Exchangeable Senior Debentures due 2049, which could have been settled in shares of Series C Liberty SiriusXM common stock, and 3.75% Convertible Senior Notes due 2028, which could have been settled in shares of Series A Liberty SiriusXM common stock, were dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instruments during the period, net of tax where appropriate.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Three months ended June 30, | ​ | Six months ended June 30, | ​
​ | 2025 |  | 2024 |  | 2025 |  | 2024 | ​
​ |  | amounts in millions | ​
Basic earnings (loss) from discontinued operations attributable to Liberty SiriusXM stockholders | $ | NA | ​ | 299 | ​ | NA | ​ | 498 | ​
Adjustments | ​ | NA | ​ | (74) | ​ | NA | ​ | (81) | ​
Diluted earnings (loss) from discontinued operations attributable to Liberty SiriusXM stockholders | $ | NA | ​ | 225 | ​ | NA | ​ | 417 | ​
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