Liberty Media Corporation (Serie C)
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Liberty Media Corporation (Serie C) (FWONK). It shows which part of the business is growing — and which one is holding it back.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United Kingdom | TPG1.15B 12.2% | TPG2.14B 18.7% · +86.6% | TPG2.57B 81.4% · +20.5% | TPG3.22B 90.2% · +25.2% | TPG3.32B 90.8% · +3.0% | TPG3.78B 84.4% · +14.0% |
| United States | TPG8.12B 86.7% | TPG9.16B 80.4% · +12.8% | TPG588.0M 18.6% · -93.6% | TPG350.0M 9.8% · -40.5% | TPG335.0M 9.2% · -4.3% | TPG378.0M 8.4% · +12.8% |
| SPAIN | – | – | – | – | – | TPG310.0M 6.9% |
| Other Countries | TPG97.0M 1.0% | TPG101.0M 0.9% · +4.1% | – | – | – | TPG12.0M 0.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Motorsport | – | – | – | TPG3.22B 90.2% | TPG3.32B 90.8% · +3.0% | TPG4.11B 91.6% · +23.7% |
| Other. | TPG178.0M 1.9% | TPG568.0M 5.0% · +219.1% | TPG588.0M 18.6% · +3.5% | TPG350.0M 9.8% · -40.5% | TPG335.0M 9.2% · -4.3% | TPG377.0M 8.4% · +12.5% |
| Sirius XM Holdings Revenue | TPG8.04B 85.9% | TPG8.70B 76.3% · +8.2% | – | – | – | – |
| Formula 1 | TPG1.15B 12.2% | TPG2.14B 18.7% · +86.6% | TPG2.57B 81.4% · +20.5% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.