Information About Â鶹app's Operating Segments (Tables)
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12 Months Ended |
Dec. 31, 2024 |
Information About Â鶹app's Operating Segments |
Ìý
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Schedule of performance measures |
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YearÌýendedÌýDecemberÌý31, 2024 |
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ÌýÌýÌýÌý |
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​ |
ÌýÌýÌýÌý |
Corporate and |
​ |
​ |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
​ |
​ |
Formula One |
​ |
Other |
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Eliminations |
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Total |
​ |
|
​ |
​ |
amountsÌýinÌýmillions |
​ |
Revenue |
​ |
$ |
3,411 |
​ |
373 |
​ |
(131) |
​ |
3,653 |
​ |
Operating expenses |
​ |
​ |
​ |
Ìý |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
Team payments |
​ |
​ |
(1,266) |
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— |
​ |
— |
​ |
(1,266) |
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Other cost of revenue |
​ |
​ |
(1,066) |
​ |
(194) |
​ |
38 |
​ |
(1,222) |
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Other operating expenses |
​ |
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— |
​ |
(105) |
​ |
92 |
​ |
(13) |
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Total operating expenses |
​ |
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(2,332) |
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(299) |
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130 |
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(2,501) |
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Selling, general and administrative, excluding stock-based compensation |
​ |
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(288) |
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(98) |
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1 |
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(385) |
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Adjusted OIBDA |
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$ |
791 |
​ |
(24) |
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— |
​ |
767 |
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YearÌýendedÌýDecemberÌý31, 2023 |
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​ |
ÌýÌýÌýÌý |
​ |
​ |
ÌýÌýÌýÌý |
Corporate and |
​ |
​ |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
​ |
​ |
Formula One |
​ |
Other |
​ |
Eliminations |
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Total |
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|
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amountsÌýinÌýmillions |
​ |
Revenue |
​ |
$ |
3,222 |
​ |
366 |
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(16) |
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3,572 |
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Operating expenses |
​ |
​ |
​ |
Ìý |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
Team payments |
​ |
​ |
(1,215) |
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— |
​ |
— |
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(1,215) |
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Other cost of revenue |
​ |
​ |
(1,041) |
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— |
​ |
16 |
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(1,025) |
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Other operating expenses |
​ |
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— |
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(274) |
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— |
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(274) |
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Total operating expenses |
​ |
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(2,256) |
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(274) |
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16 |
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(2,514) |
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Selling, general and administrative, excluding stock-based compensation |
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(241) |
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(126) |
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— |
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(367) |
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Adjusted OIBDA |
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$ |
725 |
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(34) |
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— |
​ |
691 |
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YearÌýendedÌýDecemberÌý31, 2022 |
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ÌýÌýÌýÌý |
​ |
​ |
ÌýÌýÌýÌý |
Corporate and |
ÌýÌýÌýÌý |
​ |
ÌýÌýÌýÌý |
​ |
​ |
Formula One |
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Other |
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Total |
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|
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amountsÌýinÌýmillions |
​ |
Revenue |
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$ |
2,573 |
​ |
588 |
​ |
3,161 |
​ |
Operating expenses |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
Team payments |
​ |
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(1,157) |
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— |
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(1,157) |
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Other cost of revenue |
​ |
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(593) |
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— |
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(593) |
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Other operating expenses |
​ |
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— |
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(434) |
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(434) |
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Total operating expenses |
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(1,750) |
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(434) |
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(2,184) |
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Selling, general and administrative, excluding stock-based compensation |
​ |
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(230) |
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(135) |
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(365) |
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Adjusted OIBDA |
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$ |
593 |
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19 |
​ |
612 |
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Schedule of other information by segment |
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DecemberÌý31,Ìý2024 |
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DecemberÌý31,Ìý2023 |
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ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
Total |
ÌýÌýÌýÌý |
Investments |
ÌýÌýÌýÌý |
​ |
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assets |
​ |
inÌýaffiliates |
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assets |
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inÌýaffiliates |
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|
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amountsÌýinÌýmillions |
Formula One Group |
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​ |
​ |
​ |
​ |
​ |
​ |
​ |
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Formula 1 |
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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 |
​ |
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(127) |
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— |
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(26) |
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— |
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Total Formula One Group |
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11,759 |
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33 |
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10,267 |
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41 |
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Â鶹app Live Group |
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​ |
​ |
​ |
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​ |
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Corporate and other |
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1,223 |
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458 |
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1,162 |
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333 |
​ |
Total Â鶹app Live Group |
​ |
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1,223 |
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458 |
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1,162 |
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333 |
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Elimination |
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(34) |
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— |
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(3) |
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— |
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Assets of discontinued operations |
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— |
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— |
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29,901 |
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— |
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Consolidated Â鶹app |
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$ |
12,948 |
Ìý |
491 |
Ìý |
41,327 |
Ìý |
374 |
Ìý |
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Schedule Of reconciliation of adjusted OIBDA to operating income (loss) and earnings (loss) from continuing operations before income taxes |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2024 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
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amounts in millions |
Ìý |
Adjusted OIBDA |
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$ |
767 |
Ìý |
691 |
Ìý |
612 |
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Stock-based compensation |
​ |
Ìý |
(34) |
Ìý |
(29) |
Ìý |
(28) |
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Depreciation and amortization |
​ |
Ìý |
(352) |
Ìý |
(406) |
Ìý |
(433) |
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Impairment and acquisition costs |
​ |
​ |
(105) |
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(1) |
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(6) |
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Operating income (loss) |
​ |
​ |
276 |
​ |
255 |
​ |
145 |
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Interest expense |
​ |
Ìý |
(237) |
Ìý |
(248) |
Ìý |
(186) |
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Share of earnings (losses) of affiliates, net |
​ |
Ìý |
228 |
Ìý |
157 |
Ìý |
104 |
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Realized and unrealized gains (losses) on financial instruments, net |
​ |
Ìý |
(383) |
Ìý |
(167) |
Ìý |
524 |
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Unrealized gains (losses) on intergroup interests |
​ |
​ |
— |
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(68) |
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19 |
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Other, net |
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Ìý |
92 |
Ìý |
46 |
Ìý |
101 |
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Earnings (loss) from continuing operations before income taxes |
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$ |
(24) |
Ìý |
(25) |
Ìý |
707 |
​ |
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Revenue by Geographic Area |
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YearsÌýendedÌýDecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2024 |
ÌýÌýÌýÌý |
2023 |
ÌýÌýÌýÌý |
2022 |
Ìý |
|
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amountsÌýinÌýmillions |
Ìý |
United States |
​ |
$ |
335 |
Ìý |
350 |
Ìý |
588 |
​ |
United Kingdom |
​ |
Ìý |
3,318 |
Ìý |
3,222 |
Ìý |
2,573 |
​ |
​ |
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$ |
3,653 |
Ìý |
3,572 |
Ìý |
3,161 |
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Long-lived Assets by Geographic Area |
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DecemberÌý31, |
Ìý |
​ |
ÌýÌýÌýÌý |
2024 |
ÌýÌýÌýÌý |
2023 |
Ìý |
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​ |
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amountsÌýinÌýmillions |
Ìý |
United States |
​ |
$ |
730 |
Ìý |
757 |
​ |
United Kingdom |
​ |
Ìý |
80 |
Ìý |
81 |
​ |
​ |
​ |
$ |
810 |
Ìý |
838 |
​ |
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