Liberty Live Group (LLYVK) Investor day 2025 presentation summary

Strategic milestones and corporate actions

• Liberty Live split-off expected to close after market on December 15, 2025, simplifying the corporate structure and enhancing liquidity for shareholders.

• Closed MotoGP acquisition on July 3, 2025, expanding the sports and entertainment portfolio.

• Completed Liberty TripAdvisor merger and spin-off of GCI Liberty, with accelerated closing of Liberty Broadband and Charter transaction.

• Management transition with Derek Chang as CEO, John Malone as Chairman Emeritus, and Dob Bennett as Chairman.

Financial performance and growth

• Formula 1 achieved record revenue and adjusted OIBDA in 2024, with continued growth in 2025; revenue up 9% and adjusted OIBDA up 15% year-over-year.

• MotoGP saw record season attendance, 21% growth over 2024, and set nine new circuit attendance records.

• F1's enterprise value has tripled since acquisition, with average team values up fourfold and race attendance up 71% since 2017.

• Both F1 and MotoGP maintain high adjusted OIBDA margins and strong free cash flow conversion, with proactive debt management and refinancing.

Commercial and fan engagement initiatives

• F1 expanded global partnerships, including a landmark 10-year deal with LVMH and new licensing with LEGO and Disney to attract younger fans.

• F1 The Movie became the highest-grossing sports film ever, boosting brand visibility and engagement.

• Drive to Survive continues to attract new fans, with 88% of new U.S. fans citing increased interest due to the series.

• F1 and MotoGP have broadened experiential offerings, including F1 Arcade, exhibitions, and premium hospitality products.