Â鶹app

Annual report [Section 13 and 15(d), not S-K Item 405]

Information About Â鶹app's Operating Segments (Tables)

v3.25.0.1
Information About Â鶹app's Operating Segments (Tables)
12 Months Ended
Dec. 31, 2024
Information About Â鶹app's Operating Segments Ìý
Schedule of performance measures

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​

YearÌýendedÌýDecemberÌý31, 2024

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue

​

$

3,411

​

373

​

(131)

​

3,653

​

Operating expenses

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments

​

​

(1,266)

​

—

​

—

​

(1,266)

​

Other cost of revenue

​

​

(1,066)

​

(194)

​

38

​

(1,222)

​

Other operating expenses

​

​

—

​

(105)

​

92

​

(13)

​

Total operating expenses

​

​

(2,332)

​

(299)

​

130

​

(2,501)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(288)

​

(98)

​

1

​

(385)

​

Adjusted OIBDA

​

$

791

​

(24)

​

—

​

767

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

YearÌýendedÌýDecemberÌý31, 2023

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

​

​

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Eliminations

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue

​

$

3,222

​

366

​

(16)

​

3,572

​

Operating expenses

​

​

​

Ìý

​

​

​

Ìý

​

Ìý

Team payments

​

​

(1,215)

​

—

​

—

​

(1,215)

​

Other cost of revenue

​

​

(1,041)

​

—

​

16

​

(1,025)

​

Other operating expenses

​

​

—

​

(274)

​

—

​

(274)

​

Total operating expenses

​

​

(2,256)

​

(274)

​

16

​

(2,514)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(241)

​

(126)

​

—

​

(367)

​

Adjusted OIBDA

​

$

725

​

(34)

​

—

​

691

​

​

​

​

​

​

​

​

​

​

​

​

​

YearÌýendedÌýDecemberÌý31, 2022

​

​

ÌýÌýÌýÌý

​

​

ÌýÌýÌýÌý

Corporate and

ÌýÌýÌýÌý

​

ÌýÌýÌýÌý

​

​

Formula One

​

Other

​

Total

​

​

​

amountsÌýinÌýmillions

​

Revenue

​

$

2,573

​

588

​

3,161

​

Operating expenses

​

​

​

Ìý

​

Ìý

​

Ìý

Team payments

​

​

(1,157)

​

—

​

(1,157)

​

Other cost of revenue

​

​

(593)

​

—

​

(593)

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Other operating expenses

​

​

—

​

(434)

​

(434)

​

Total operating expenses

​

​

(1,750)

​

(434)

​

(2,184)

​

Selling, general and administrative, excluding stock-based compensation

​

​

(230)

​

(135)

​

(365)

​

Adjusted OIBDA

​

$

593

​

19

​

612

​

Schedule of other information by segment

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​

​

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​

​

​

​

​

​

​

​

​

​

DecemberÌý31,Ìý2024

​

DecemberÌý31,Ìý2023

​

​

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Investments

ÌýÌýÌýÌý

​

​

assets

​

inÌýaffiliates

​

assets

​

inÌýaffiliates

​

​

​

amountsÌýinÌýmillions

Formula One Group

​

​

​

​

​

​

​

​

​

​

Formula 1

​

​

9,159

Ìý

4

Ìý

9,057

Ìý

2

Ìý

Corporate and other

​

Ìý

2,727

Ìý

29

Ìý

1,236

Ìý

39

Ìý

Intergroup elimination

​

​

(127)

​

—

​

(26)

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—

​

Total Formula One Group

​

​

11,759

​

33

​

10,267

​

41

​

Â鶹app Live Group

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​

​

​

​

​

​

​

​

​

Corporate and other

​

​

1,223

​

458

​

1,162

​

333

​

Total Â鶹app Live Group

​

​

1,223

​

458

​

1,162

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333

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Elimination

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​

(34)

​

—

​

(3)

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—

​

Assets of discontinued operations

​

​

—

​

—

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29,901

​

—

​

Consolidated Â鶹app

​

$

12,948

Ìý

491

Ìý

41,327

Ìý

374

Ìý

​

Schedule Of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes

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​

​

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​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2024

ÌýÌýÌýÌý

2023

ÌýÌýÌýÌý

2022

Ìý

​

​

amounts in millions

Ìý

Adjusted OIBDA

​

$

767

Ìý

691

Ìý

612

​

Stock-based compensation

​

Ìý

(34)

Ìý

(29)

Ìý

(28)

​

Depreciation and amortization

​

Ìý

(352)

Ìý

(406)

Ìý

(433)

​

Impairment and acquisition costs

​

​

(105)

​

(1)

​

(6)

​

Operating income (loss)

​

​

276

​

255

​

145

​

Interest expense

​

Ìý

(237)

Ìý

(248)

Ìý

(186)

​

Share of earnings (losses) of affiliates, net

​

Ìý

228

Ìý

157

Ìý

104

​

Realized and unrealized gains (losses) on financial instruments, net

​

Ìý

(383)

Ìý

(167)

Ìý

524

​

Unrealized gains (losses) on intergroup interests

​

​

—

​

(68)

​

19

​

Other, net

​

Ìý

92

Ìý

46

Ìý

101

​

Earnings (loss) from continuing operations before income taxes

​

$

(24)

Ìý

(25)

Ìý

707

​

Revenue by Geographic Area

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​

​

​

​

​

​

​

​

​

​

​

YearsÌýendedÌýDecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2024

ÌýÌýÌýÌý

2023

ÌýÌýÌýÌý

2022

Ìý

​

​

amountsÌýinÌýmillions

Ìý

United States

​

$

335

Ìý

350

Ìý

588

​

United Kingdom

​

Ìý

3,318

Ìý

3,222

Ìý

2,573

​

​

​

$

3,653

Ìý

3,572

Ìý

3,161

​

Long-lived Assets by Geographic Area

​

​

​

​

​

​

​

​

​

​

DecemberÌý31,

Ìý

​

ÌýÌýÌýÌý

2024

ÌýÌýÌýÌý

2023

Ìý

​

​

amountsÌýinÌýmillions

Ìý

United States

​

$

730

Ìý

757

​

United Kingdom

​

Ìý

80

Ìý

81

​

​

​

$

810

Ìý

838

​

​