FWONANasdaqTelevision Broadcasting Stations

Liberty Media Corp (FWONA) earnings date, market-implied expected move, and options open interest by expiry

85.12

−1.63 · −1.88%

post 87.81 +3.16%

Closed15:57 ET

Open86.05Volume168,631Mkt cap$22.0BP/E53.98

Day86.05 – 88.3078%52-wk73.70 – 98.7956%

FWONA

Liberty Media Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Nov 4

after close · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+2.96%

vs ±4.7% implied · ×0.63

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

filed ties

13F top-10 QoQ

−0.94%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

296 managers

Top fund weight

—

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Liberty Media (FWONA) is expected to report on Nov 4 after close (estimated date).

Implied vs realized

1 report

—≥ implied

Q2 FY26Aug 6 '26confirmed±4.7%▲+2.96%×0.63

quarterimplied−5%0+5%realized×

Q2 FY26±4.7%▲+2.96%×0.63

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 2 close

0.00OI · 4 expiries · Nov 2 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

0—Nov 2017d70%

0—Dec 1845d—0——

10%Jan 1573d0.04240%0.04

10%Apr 16164d0.03320%0.03

ExpiryPutsCallsP/C

Nov 2017d0—70%0.00

Dec 1845d0—0——

Jan 1573d10%240%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No linked exposure.

Linked exposure

Revenue flow

as filedQ2 FY26

0.86%as filednet margin · revenue +31.36% QoQ · −30.35% YoY

Revenue

$934M+31.36% QoQ

Gross profit

$329M+10.40% QoQ

35.22% margin

Operating income

$88M+37.50% QoQ

9.42% margin

Pre-tax income

$33M−43.10% QoQ

Net income

$8M−84.91% QoQ

0.86% margin

Cost of revenue

$605M+46.49% QoQ

Operating expenses

$241M+2.99% QoQ

SG&A $129M

Depreciation $112M

Other expense

$55M

Tax

$25M+400.00% QoQ

Revenue$934M+31.36%

Gross profit

$329M+10.40%

35.22% margin

Operating income

$88M+37.50%

9.42% margin

Pre-tax income

$33M−43.10%

Net income

$8M−84.91%

0.86% margin

Cost of revenue

$605M+46.49%

Operating expenses

$241M+2.99%

SG&A $129M

Depreciation $112M

Other expense

$55M

Tax$25M+400.00%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:45 ET

Intraday

Event sensitivity

PPI ×1.24· ±1.5% vs ±1.2% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±1.5%4 of 10×1.24

PCEpersonal income & outlays±1.2%9 of 19×1.02

FOMCrate decision±1.2%12 of 24×0.96

GDPgross domestic product±1.2%8 of 19×0.95

NFPjobs report±1.0%5 of 10×0.84

CPIconsumer prices±1.0%6 of 10×0.82

CPROFcorporate profits±0.8%5 of 12×0.64

Bar = avg |move| to ±2% · tick = ±1.2% avg day · ×base = |move| ÷ ±1.2% · min 6 releases

Earnings history

EPS — · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 6 '26 · confirmed	—	—
Q1 FY26	—	—	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod