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(17) Quarterly Financial Information (unaudited)
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The retrospective presentation of discontinued operations related to the »¨¶¼Ó°ÊÓ Live Split-Off, as described in note 2, resulted in material changes to previously reported quarterly financial information. The following tables summarize the effects of the discontinued operations presentation on the Company’s quarterly financial information.
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ÌýÌý​Ìý​Ìý​ |
1st |
ÌýÌý​Ìý​Ìý​ |
2nd |
ÌýÌý​Ìý​Ìý​ |
3rd |
ÌýÌý​Ìý​Ìý​ |
4th |
Ìý |
​ |
​ |
Quarter |
​ |
Quarter |
​ |
Quarter |
​ |
Quarter |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions, except per share amounts |
Ìý |
2025 |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Revenue |
​ |
$ |
447 |
Ìý |
1,341 |
Ìý |
1,085 |
Ìý |
1,609 |
​ |
Operating income (loss) |
​ |
$ |
(67) |
Ìý |
280 |
Ìý |
158 |
Ìý |
206 |
​ |
Net earnings (loss) from continuing operations |
​ |
$ |
17 |
​ |
386 |
​ |
63 |
​ |
130 |
​ |
Net earnings (loss) |
​ |
$ |
5 |
Ìý |
204 |
Ìý |
13 |
Ìý |
333 |
​ |
Net earnings (loss) from continuing operations attributable to »¨¶¼Ó°ÊÓ stockholders: |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
»¨¶¼Ó°ÊÓ Formula One common stock |
​ |
$ |
22 |
​ |
382 |
​ |
66 |
​ |
133 |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(5) |
​ |
4 |
​ |
(3) |
​ |
(3) |
​ |
Net earnings (loss) from discontinued operations attributable to »¨¶¼Ó°ÊÓ stockholders: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(12) |
​ |
(182) |
​ |
(50) |
​ |
203 |
​ |
Basic net earnings (loss) from continuing operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Formula One common stock |
​ |
$ |
0.09 |
​ |
1.53 |
​ |
0.26 |
​ |
0.53 |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(0.05) |
​ |
0.05 |
​ |
(0.03) |
​ |
(0.03) |
​ |
Basic net earnings (loss) from discontinued operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(0.13) |
​ |
(1.98) |
​ |
(0.55) |
​ |
2.20 |
​ |
Diluted net earnings (loss) from continuing operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Formula One common stock |
​ |
$ |
0.05 |
​ |
1.52 |
​ |
0.24 |
​ |
0.39 |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(0.05) |
​ |
0.05 |
​ |
(0.03) |
​ |
(0.03) |
​ |
Diluted net earnings (loss) from discontinued operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(0.13) |
​ |
(1.98) |
​ |
(0.55) |
​ |
2.20 |
​ |
​
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​ |
ÌýÌý​Ìý​Ìý​ |
1st |
ÌýÌý​Ìý​Ìý​ |
2nd |
ÌýÌý​Ìý​Ìý​ |
3rd |
ÌýÌý​Ìý​Ìý​ |
4th |
Ìý |
​ |
​ |
Quarter |
​ |
Quarter |
​ |
Quarter |
​ |
Quarter |
Ìý |
|
​ |
​ |
amountsÌýinÌýmillions, except per share amounts |
Ìý |
2024: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
Revenue |
​ |
$ |
587 |
Ìý |
988 |
Ìý |
911 |
Ìý |
1,167 |
​ |
Operating income (loss) |
​ |
$ |
95 |
Ìý |
59 |
Ìý |
110 |
Ìý |
23 |
​ |
Net earnings (loss) from continuing operations |
​ |
$ |
100 |
​ |
4 |
​ |
118 |
​ |
(266) |
​ |
Net earnings (loss) |
​ |
$ |
245 |
Ìý |
507 |
Ìý |
(2,870) |
Ìý |
(357) |
​ |
Net earnings (loss) from continuing operations attributable to »¨¶¼Ó°ÊÓ stockholders: |
​ |
​ |
​ |
Ìý |
​ |
Ìý |
​ |
Ìý |
​ |
​ |
»¨¶¼Ó°ÊÓ Formula One common stock |
​ |
$ |
77 |
​ |
24 |
​ |
117 |
​ |
(248) |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
23 |
​ |
(20) |
​ |
1 |
​ |
(16) |
​ |
Net earnings (loss) from discontinued operations attributable to »¨¶¼Ó°ÊÓ stockholders: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(96) |
​ |
154 |
​ |
14 |
​ |
(91) |
​ |
»¨¶¼Ó°ÊÓ SiriusXM common stock |
​ |
$ |
199 |
​ |
299 |
​ |
(2,500) |
​ |
— |
​ |
Basic net earnings (loss) from continuing operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Formula One common stock |
​ |
$ |
0.33 |
​ |
0.10 |
​ |
0.48 |
​ |
(1.00) |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
0.25 |
​ |
(0.22) |
​ |
0.01 |
​ |
(0.17) |
​ |
Basic net earnings (loss) from discontinued operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(1.04) |
​ |
1.67 |
​ |
0.15 |
​ |
(0.99) |
​ |
»¨¶¼Ó°ÊÓ SiriusXM common stock |
​ |
$ |
0.61 |
​ |
0.91 |
​ |
(7.65) |
​ |
NA |
​ |
Diluted net earnings (loss) from continuing operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Formula One common stock |
​ |
$ |
0.32 |
​ |
0.10 |
​ |
0.48 |
​ |
(0.99) |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
0.25 |
​ |
(0.22) |
​ |
0.01 |
​ |
(0.17) |
​ |
Diluted net earnings (loss) from discontinued operations attributable to »¨¶¼Ó°ÊÓ stockholders per common share: |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
​ |
»¨¶¼Ó°ÊÓ Live common stock |
​ |
$ |
(1.04) |
​ |
1.67 |
​ |
0.15 |
​ |
(0.99) |
​ |
»¨¶¼Ó°ÊÓ SiriusXM common stock |
​ |
$ |
0.52 |
​ |
0.60 |
​ |
(7.65) |
​ |
NA |
​ |
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