GCI Liberty (GLIBA) Investor Day 2025 summary

Strategic and operational highlights

• Liberty Live spin-off effective December 15, creating standalone asset-backed securities for both Liberty Media and Liberty Live, enhancing liquidity and simplifying structure.

• Formula 1 and MotoGP now form the core of Liberty Media, with MotoGP acquisition closed July 3 and ongoing growth at F1.

• Leadership transitions: Derek Chang as CEO, John Malone to Chairman Emeritus in 2026, Greg Maffei to become Chairman.

• Corporate simplification completed, including Liberty Trip merger and GCI Liberty spin-off; Liberty Broadband-Charter merger expected to accelerate next year.

• F1 and MotoGP positioned as premier global sports IP with strong brand, diversified revenue, and secular tailwinds.

Formula 1 business performance and growth

• F1 achieved record financials: revenue up 9% and adjusted EBITDA up 15% YTD; over $16B in future revenue under contract, 14% CAGR since 2022.

• Attendance at F1 events reached 6.7 million, nearly 60% above pre-COVID levels; over half of events sold out.

• F1's fan base exceeds 830 million, up 60% since 2018; social media following at 111 million, up 20% YoY.

• New U.S. media rights deal with Apple, expanded partnerships with Disney, Pepsi, PwC, Pottery Barn, and LVMH.

• 2026 Concorde Agreement near completion, ensuring sport stability through 2030; Cadillac, Audi, Ford, and Honda joining or expanding roles.

MotoGP integration and expansion

• MotoGP brand refresh launched, with new identity and global awareness initiatives; first season launch event in Thailand, next in Kuala Lumpur.

• Record 22 Grand Prix in 2025, up from 20 in 2024; return to Brazil and Hungary, new events in Buenos Aires and Harley-Davidson Baggers World Cup in 2026.

• Global fan base at 632 million, with strong YoY growth in U.S. (+38%) and U.K. (+10%).

• Commercial focus on expanding partnerships, single tire supplier (Pirelli), and enhanced hospitality offerings.

• Major technical changes in 2027: smaller engines, reduced aerodynamics, 100% sustainable fuel, and new fan engagement technologies.