Liberty Media, parent company of Formula 1, reports strong Q3 earnings amid CEO transition and DOJ investigation.

Formula 1's parent company, Liberty Media, reported strong Q3 2024 financials, including a revenue of $861 million and operating income of $110 million. CEO Greg Maffei, who led the acquisition of F1 in 2017, is stepping down by year-end, with John Malone taking over interim leadership. Liberty Media faces a DOJ investigation over denying Andretti Global's bid to join F1, while also expanding into MotoGP.

November 13, 2024
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