FWONK — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-07

• ●our ability to realize the benefits of acquisitions or other strategic investments;

• ●the impact of weak and uncertain economic conditions on consumer demand for products, services and events offered by our businesses;

• ●our overlapping directors with QVC Group, Inc. (“QVC Group”), Liberty Broadband Corporation (“Liberty Broadband”), GCI Liberty, Inc. (“GCI Liberty”) and Liberty Live Holdings, Inc. (“Liberty Live Holdings”) and overlapping management with Liberty Broadband, GCI Liberty and Liberty Live Holdings;

• ●the operational risks of our subsidiaries with operations outside of the United States (“U.S.”);

• ●termination of or changes in any of the agreements, commitments or policies Formula 1 and MotoGP Sports Entertainment Group, S.L. (“MotoGP”) rely on to operate and the limitations such agreements, commitments and policies impose on Formula 1 and MotoGP;

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• ●the historical financial information of the Liberty Formula One Group (the “Formula One Group”) and the Liberty Live Group may not necessarily reflect their results had they been separate companies;

• ●the success of businesses attributed to each of our tracking stock groups and their popularity with audiences;

• ●our ability to realize the benefits of acquisitions or other strategic investments;

• ●the impact of weak and uncertain economic conditions on consumer demand for products, services and events offered by our businesses attributed to our tracking stock groups;

• ●our overlapping directors and management with QVC Group, Inc., formerly known as Qurate Retail, Inc. (“QVC Group”), Liberty Broadband Corporation and GCI Liberty, Inc.;

Text added vs the prior filing · source: 10-Q · 2026-05-07

• MotoGP’s functional currency is the Euro. Fluctuations in the Euro / U.S. dollar exchange rate impact the amount of total assets, liabilities, earnings and cash flows for MotoGP included in our condensed consolidated financial statements for, and as of the end of, each reporting period. For example,…

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• The Company is exposed to changes in stock prices primarily as a result of our significant holdings in publicly traded securities. We continually monitor changes in stock markets, in general, and changes in the stock prices of our holdings, specifically. We believe that changes in stock prices can b…

• Additionally, our stock in Live Nation (an equity method affiliate), a publicly traded security, is not reflected at fair value in our balance sheet. This security is also subject to market risk that is not directly reflected in our condensed consolidated statement of operations, and had the market …

• MotoGP’s functional currency is the Euro. Fluctuations in the Euro / U.S. dollar exchange rate impact the amount of total assets, liabilities, earnings and cash flows for MotoGP included in our condensed consolidated financial statements for, and as of the end of, each reporting period. For example,…

Text added vs the prior filing · source: 10-Q · 2026-05-07

• There has been no change in the Company’s internal control over financial reporting that occurred during the three months ended March 31, 2026 that has materially affected, or is reasonably likely to materially affect, its internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• In July 2025, the Company acquired MotoGP. As a result of the acquisition, the Company is reviewing the internal controls of MotoGP and is making appropriate changes as deemed necessary. Except for changes in internal control at MotoGP, there has been no change in the Company’s internal control over…

Text added vs the prior filing · source: 10-Q · 2026-05-07

• The following risk factors are hereby replaced in their entirety as set forth below.

• Risks Relating to our Corporate History, Macroeconomic Conditions and Industry

• Weak and uncertain economic conditions may reduce consumer demand for products, services and events offered by our businesses.

• A weak or uncertain economy in the U.S. or globally could adversely affect demand for our products, services and events. A substantial portion of our revenue is affected by discretionary spending by individuals, which typically declines during times of economic recession or instability. A reduction …

• Events beyond Formula 1 or MotoGP’s control may cause one or more Events to be cancelled or postponed or prevent Formula 1 or MotoGP from providing an international television feed, each of which could result in the loss of revenue under Formula 1 or MotoGP’s respective commercial contracts.

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• The unaudited pro forma financial information of Liberty and MotoGP included in this Quarterly Report on Form 10-Q are presented for illustrative purposes only and does not purport to represent the actual results of operations of Liberty or MotoGP had the acquisition of MotoGP occurred on January 1,…

• The unaudited pro forma financial information of Liberty and MotoGP included in this Quarterly Report on Form 10-Q are presented for illustrative purposes only and does not purport to represent the actual results of operations of Liberty or MotoGP had the acquisition of MotoGP occurred on January 1,…