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Basis of Presentation (Details) - USD ($) $ in Millions |  | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | --- | ---
Dec. 15, 2025 | Jun. 30, 2026 | Jun. 30, 2025 | Jun. 30, 2026 | Jun. 30, 2025 | Dec. 31, 2025 | Dec. 14, 2025
Basis of Presentation |  |  |  |  |  |  |
Revenue |  | $ 934 | $ 1,341 | $ 1,645 | $ 1,788 |  |
Formula One Group |  |  |  |  |  |  |
Basis of Presentation |  |  |  |  |  |  |
Payment to Liberty Live Holdings, Inc. | $ 172 |  |  |  |  |  |
Affiliated Entity | QVC Group, Liberty Broadband, GCI Liberty, Atlanta Braves Holdings and TripCo |  |  |  |  |  |  |
Basis of Presentation |  |  |  |  |  |  |
Allocated expenses |  | $ 7 | $ 4 | 12 | $ 9 |  |
Related party | QuintEvents |  |  |  |  |  |  |
Basis of Presentation |  |  |  |  |  |  |
Revenue |  |  |  | $ 29 |  |  |
2.25% Convertible Senior Notes due 2027 |  |  |  |  |  |  |
Basis of Presentation |  |  |  |  |  |  |
Debt instrument interest rate (as a percent) |  | 2.25% |  | 2.25% |  | 2.25% |
2.25% Convertible Senior Notes due 2027 | Formula One Group |  |  |  |  |  |  |
Basis of Presentation |  |  |  |  |  |  |
Debt instrument interest rate (as a percent) |  |  |  |  |  |  | 2.25%

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