Liberty Media Acquires Dorna Sports, Boosts Revenue

By Greg Peters • Thursday, July 03 10:15 • Permanent Link

Liberty Media Corporation has announced the completion of its acquisition of Dorna Sports, S.L., the exclusive commercial rights holder of the MotoGP™ World Championship. As a result of this transaction, Liberty Media's Formula One Group now includes subsidiaries Formula 1, MotoGP, and Quint, along with other minority investments.

In terms of specific financials, Liberty Media Corporation's revenue has increased from $1.03 billion in the last period to $1.12 billion in the current period, reflecting a growth of 8.74%. Additionally, their operating income has risen from $82 million to $95 million, marking an increase of 15.85%. Furthermore, their net income has seen an uptick from $50 million to $62 million, representing a growth of 24%.

Dorna Sports, S.L., the entity being acquired, holds exclusive rights to MotoGP feeder series Moto2™ and Moto3™, electric series MotoE™, the FIM Superbike World Championship, and the FIM Women's Circuit Racing World Championship.

This acquisition represents a strategic move for Liberty Media Corporation as it expands its presence in the media, sports, and entertainment businesses. The detailed financial information and further details about the MotoGP business can be found on the Liberty Media website. Today the company's shares have moved 0.67% to a price of $102.50. If you want to know more, read the company's complete 8-K report here.

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