Liberty Media's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Liberty Media (FWONA) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Liberty Media vs Its Competitors
- TTM: Trailing 12-month revenue of 4,339M vs 1,154M combined for tracked competitors (79.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-13.9% annualized vs trailing 12 months), vs decelerating (-3.4%) for its tracked peer group.
- Growth: Liberty Media generated -30.4% revenue growth year over year in Q2 2026, vs 36.7% for its tracked competitors combined.
- Profitability: Its 0.9% net margin compares with 10.2% for the peer group.
- Scale: Liberty Media ranks #2 of 45 companies by market capitalization in the Broadcasting Media & Cable TV industry, holding 17.7% of industry market cap.
- Peer revenue share: Liberty Media accounted for 77.0% of combined revenue among its tracked peer group, down from 86.8% a year earlier.
- Peer differentiation: Revenue per employee of $2.59M compares with $2.21M for the peer group (1.2x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FWONA Sales vs. its Competitors, Q2 2026
Liberty Media reported revenue contraction of 30.35 % year on year in Q2 2026, below its competitors' combined revenue growth of 36.67 %.
With a net margin of 0.86 %, Liberty Media reported lower profitability than its competitors (10.15 %).
Liberty Media generated 77.02 % of the combined sales of its peer group, down from 86.80 % a year earlier.
Liberty Media vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Liberty Media and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Liberty Media Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Liberty Media's competitor groups requires a Commercial License.
For context: the Broadcasting Media & Cable TV industry grew revenue 4.6% year over year, combined, vs -30.4% for Liberty Media. Liberty Media's share of combined industry revenue moved from 0.78% to 0.52%, a loss of 0.26 percentage points.
Liberty Media's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Liberty Media Corporation | Yes | Yes | Yes | Yes |
| Competitors combined (1) | ||||
| High-Confidence Competitors (7) | ||||
| Similar-Size Competitors (6) | ||||
| Similar Growth & Profitability (8) | 87.50 % (7 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FWONA Stock Performance relative to its Competitors
FWONA Stock Performance relative to High-Confidence Competitors
FWONA Stock Performance relative to Similar-Size Competitors
FWONA Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Madison Square Garden Sports Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Liberty Media's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Liberty Media's Comment on Competition and Industry Peers
Publicly Traded Peers of Liberty Media Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Liberty Media Corporation | - | 4,339.00 |
| Madison Square Garden Sports Corp | 10,084.95 | 1,153.82 |
| SUBTOTAL | 10,084.95 | 5,492.82 |
Sources: Liberty Media Corporation's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Liberty Media Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Liberty Media's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Apple | Named by the company | 85% |
| La Liga | Named by the company | 85% |
| Amazon | Named by the company | 85% |
| FIFA World Cup | Named by the company | 85% |
| Sirius XM Holdings | Named by the company | 85% |
| Champions League | Named by the company | 85% |
| Olympic Games | Named by the company | 85% |
| Amazon Prime | Named by the company | 85% |
| Named by the company | 85% | |
| Spotify | Named by the company | 85% |
| Named by the company | 85% | |
| Premier League | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Liberty Media's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Liberty Media's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Liberty Media Corporation | Formula One 86.78 % |
| Madison Square Garden Sports Corp | Single Operating 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Liberty Media's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Liberty Media Corporation | - | 2,591,995 | 243,130 |
| Madison Square Garden Sports Corp | 10,085 | 2,210,387 | 14,864 |
| PEERS TOTAL | 10,085 | 2,210,387 | 14,864 |
Liberty Media's Position in Industry Market Structure
Market-capitalization share and concentration across all 42 companies in Liberty Media's industry classification, broader than the peer set above. Market cap in millions of $.Liberty Media ranks #2 of 42 companies by market capitalization in its industry, holding 17.65 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,682, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Netflix Inc | 300,379 | 32.41 % |
| 2 | Liberty Media Corporation | 163,609 | 17.65 % |
| 3 | Spotify Technology S a | 103,201 | 11.13 % |
| 4 | Warner Bros Discovery Inc | 79,477 | 8.57 % |
| 5 | Comcast corporation | 1,234 | 5.2% |
| 6 | Everpure Inc | 1,234 | 5.2% |
| 7 | Fox Corporation | 1,234 | 5.2% |
| 8 | Tencent Music Entertainment Group | 1,234 | 5.2% |
| 9 | Roku Inc | 1,234 | 5.2% |
| 10 | Charter Communications Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Liberty Media's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Liberty Media's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 1 | Netflix Inc | 300,379 | -41.77 % |
| 2 | Liberty Media Corporation | 163,609 | -9.33 % |
| 3 | Spotify Technology S a | 103,201 | -31.58 % |
| 4 | Warner Bros Discovery Inc | 1,234 | 12.3% |
| 5 | Comcast corporation | 1,234 | 12.3% |
| 6 | Everpure Inc | 1,234 | 12.3% |
| 7 | Fox Corporation | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Liberty Media's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Liberty Media's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Broadcasting Media & Cable TV industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (64 companies). See the full Broadcasting Media & Cable TV industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 46.38 % (avg) | - |
| Operating Margin | 11.68 % | industry median | +8.6 pp |
| EBITDA Margin | 24.89 % | 7.12 % (avg) | +17.8 pp |
| Capital Intensity (Capex / Revenue) | 2.97 % | 6.60 % (avg) | -3.6 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Liberty Media's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 31.22 % | 20.65 % | 25.91 % | -9.03 % | 21.76 % | 6.70 % | -36.18 % | -43.93 % |
| Operating Margin | 18.38 % | 18.39 % | 14.28 % | 1.89 % | 17.34 % | 16.97 % | 14.51 % | 12.43 % |
| Return on Invested Capital | 2.01 % | 2.28 % | 2.15 % | 0.27 % | 3.42 % | 3.58 % | 2.90 % | 2.64 % |
| P/E | - | 59.0x | 43.2x | - | - | - | 82.8x | 39.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Liberty Media's Strategic Group Map
Every company in Liberty Media's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Liberty Media is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Liberty Media's BCG Growth-Share Matrix
Relative market share (vs Liberty Media's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Liberty Media falls in the Dog quadrant: relative market share of 0.54x vs its largest competitor, in an industry growing revenue -1.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Liberty Media's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,682 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.97 % vs industry average 6.60 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Liberty Media's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Liberty Media's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Liberty Media's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Liberty Media falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Liberty Media's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 8.6 points above the industry median.
Weaknesses
- Return on equity 10.8 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-13.9% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-3.4% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Liberty Media's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Liberty Media Corporation | 0.72 | 1.03 | 0.73 |
| Madison Square Garden Sports Corp | 0.19 | 0.45 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Liberty Media's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Liberty Media Corporation | Q2 2026 | -30.4 % | -96.1 % |
| Madison Square Garden Sports Corp | Q2 2026 | +36.7 % | - |
| PEERS TOTAL | -21.5 % | -82.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Liberty Media's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Liberty Media Corporation | Q2 2026 | - | +104.5 % |
| Madison Square Garden Sports Corp | Q2 2026 | +3.0 % | -90.3 % |
Liberty Media's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Liberty Media Corporation | 2.51% | 2.65% | 5.34% |
| Madison Square Garden Sports Corp | 0.51% | 0.80% | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Liberty Media's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Liberty Media Corporation | 39.82 | - |
| Madison Square Garden Sports Corp | 1,341.42 | 8.74 |
| PEERS AVERAGE | 24.32 | 1.84 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.