Definitive proxy statements

Pay vs Performance Disclosure

v3.26.1
Pay vs Performance Disclosure - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2025
Jul. 14, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
PAY VERSUS PERFORMANCE
This section provides information about the relationship between compensation actually paid to our Principal Executive Officer and other named executive officers and certain financial performance measures of our company. For purposes of this section, the amount of compensation actually paid to our Principal Executive Officer and other named executive officers is determined using the valuation methods prescribed by the SEC in Item 402(v) of Regulation S-K. Although the rules describe such amount as compensation actually paid, these amounts are not reflective of the taxable compensation actually paid to our named executive officers in a covered year. As described in more detail below, to determine the amount of compensation actually paid in a covered year, Item 402(v) of Regulation S-K requires that in each covered year we (1) deduct the grant date value of equity awards reported in the Stock Awards or Option Awards columns in the Summary Compensation Table from the Total column in the Summary Compensation Table; (2) add, for awards granted in the covered year, the fair value of the equity awards (i) as of the end of a covered year or (ii) as of the vesting date, as applicable; and (3) add or subtract, for awards granted in, and outstanding at the end of, a prior year (i) the change in the fair value from the end of the prior year to the end of the current year or (ii) from the end of the prior year to the date the awards vest in the covered year, as applicable.
​
Year
​ ​
Current PEO(1)
​ ​
Former PEO(1)
​ ​
Non-PEO NEOs(1)
​ ​
Value of initial
fixed $100
investment based on:
​ ​
(millions)
​
​
Summary
Compensation
Table Total for
Current PEO
($)(2)
​ ​
Compensation
Actually Paid to
Current PEO
($)(3)
​ ​
Summary
Compensation
Table Total for
Former PEO
($)(2)
​ ​
Compensation
Actually Paid to
Former PEO
($)(3)
​ ​
Average
Summary
Compensation
Table Total for
non-PEO NEOs
($)(2)
​ ​
Average
Compensation
Actually Paid to
non-PEO NEOs
($)(3)
​ ​
Total
Shareholder
Return (“TSR”)
($)(4)
​ ​
Peer
Group
TSR
($)(5)
​ ​
Net
Income
($)(6)
​ ​
Adjusted
OIBDA
($)(7)
​
​
2025
​ ​ ​ ​ 1,194,406 ​ ​ ​ ​ ​ 863,467 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 902,127 ​ ​ ​ ​ ​ 246,343 ​ ​ ​ ​ ​ LBRDA ​ ​ ​ ​ ​ 32.70 ​ ​ ​ ​ ​ 213.25 ​ ​ ​ ​ ​ (2,676) ​ ​ ​ ​ ​ N/A ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LBRDK ​ ​ ​ ​ ​ 32.78 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2024
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 8,648,553 ​ ​ ​ ​ ​ 11,027,407 ​ ​ ​ ​ ​ 1,615,793 ​ ​ ​ ​ ​ 1,579,059 ​ ​ ​ ​ ​ LBRDA ​ ​ ​ ​ ​ 47.19 ​ ​ ​ ​ ​ 159.67 ​ ​ ​ ​ ​ 869 ​ ​ ​ ​ ​ 7,554 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LBRDK ​ ​ ​ ​ ​ 47.21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2023
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 10,301,633 ​ ​ ​ ​ ​ 9,563,710 ​ ​ ​ ​ ​ 2,083,750 ​ ​ ​ ​ ​ 2,192,434 ​ ​ ​ ​ ​ LBRDA ​ ​ ​ ​ ​ 51.17 ​ ​ ​ ​ ​ 113.86 ​ ​ ​ ​ ​ 688 ​ ​ ​ ​ ​ 7,134 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LBRDK ​ ​ ​ ​ ​ 50.89 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2022
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 14,480,848 ​ ​ ​ ​ ​ (14,142,513) ​ ​ ​ ​ ​ 826,137 ​ ​ ​ ​ ​ (395,501) ​ ​ ​ ​ ​ LBRDA ​ ​ ​ ​ ​ 48.13 ​ ​ ​ ​ ​ 73.08 ​ ​ ​ ​ ​ 1,257 ​ ​ ​ ​ ​ 7,045 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LBRDK ​ ​ ​ ​ ​ 48.16 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
2021
​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 18,018,126 ​ ​ ​ ​ ​ 19,576,914 ​ ​ ​ ​ ​ 1,021,262 ​ ​ ​ ​ ​ 1,060,999 ​ ​ ​ ​ ​ LBRDA ​ ​ ​ ​ ​ 102.11 ​ ​ ​ ​ ​ 121.57 ​ ​ ​ ​ ​ 732 ​ ​ ​ ​ ​ 6,687 ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LBRDK ​ ​ ​ ​ ​ 101.72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​
(1)
Gregory Maffei was our Principal Executive Officer (PEO) from 2021 through 2024 and is listed in the “Former PEO” column for such years. In 2025, Mr. Malone served as our interim PEO until Mr. Patterson was appointed as our PEO effective July 14, 2025. For 2025, Mr. Malone and Mr. Patterson are listed in the “Former PEO” and “Current PEO” columns, respectively. Our named executive officers other than our PEO (non-PEO NEOs) for (a) each of the fiscal years 2021, 2022 and 2023 were Messrs. Wendling and Albert Rosenthaler (our company’s former Chief Corporate Development Officer) and Ms. Wilm and (b) 2024 and 2025 were Mr. Wendling and Ms. Wilm.
​
(2)
Reflects, for Messrs. Patterson, Malone and Maffei, the total compensation reported in the Summary Compensation Table and for the non-PEO NEOs, the average total compensation reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(3)
Represents the compensation actually paid to Messrs. Patterson, Malone and Maffei and the non-PEO NEOs in each of the fiscal years indicated as computed in accordance with Item 402(v) of Regulation S-K and related SEC guidance, as set forth below:
​
​
Compensation actually paid to PEO and Non-PEO NEOs
​
​ ​ ​ ​
As Reported in Summary
Compensation Table(a)
​ ​
Equity Award Adjustments(b)
​ ​ ​ ​ ​ ​ ​
​
Year
​ ​
Total
​ ​
Stock
Awards
​ ​
Option
Awards
​ ​
Fair Value
at Year End
of Awards
Granted
During Year
that Remain
Outstanding
and
Unvested at
Year End(c)
​ ​
Year-over-
Year Change
in Fair Value
of Awards
Granted in
Prior Year
that Remain
Outstanding
and
Unvested at
Year End(d)
​ ​
Fair Value
at Vesting
Date of
Awards
Granted
and Vested
in Same
Year(e)
​ ​
Change in
Fair Value
from Prior
Year End to
Vesting
Date of
Awards
Granted in
Prior Year
and Vested
in Covered
Year(f)
​ ​
Total
Compensation
Actually Paid
​
​
PEO
​
​ 2025 ​ ​ ​ ​ 1,194,406 ​ ​ ​ ​ ​ (1,028,236) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 812,689 ​ ​ ​ ​ ​ (57,540) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (57,852) ​ ​ ​ ​ ​ 863,467 ​ ​
​
Former PEO
​
​ 2025 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2024 ​ ​ ​ ​ 8,648,553 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,694,616) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,459,107 ​ ​ ​ ​ ​ (385,637) ​ ​ ​ ​ ​ 11,027,407 ​ ​
​ 2023 ​ ​ ​ ​ 10,301,633 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,594,317) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (305,684) ​ ​ ​ ​ ​ 3,473,110 ​ ​ ​ ​ ​ (311,031) ​ ​ ​ ​ ​ 9,563,710 ​ ​
​ 2022 ​ ​ ​ ​ 14,480,848 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,321,505) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (24,486,413) ​ ​ ​ ​ ​ 1,184,557 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (14,142,513) ​ ​
​ 2021 ​ ​ ​ ​ 18,018,126 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (6,697,562) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 325,584 ​ ​ ​ ​ ​ 7,930,766 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 19,576,914 ​ ​
​
Non-PEO NEOs
​
​ 2025 ​ ​ ​ ​ 902,127 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (326,692) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (329,092) ​ ​ ​ ​ ​ 246,343 ​ ​
​ 2024 ​ ​ ​ ​ 1,615,793 ​ ​ ​ ​ ​ (303,733) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (168,562) ​ ​ ​ ​ ​ 404,040 ​ ​ ​ ​ ​ 31,521 ​ ​ ​ ​ ​ 1,579,059 ​ ​
​ 2023 ​ ​ ​ ​ 2,083,750 ​ ​ ​ ​ ​ (546,135) ​ ​ ​ ​ ​ (1,160,817) ​ ​ ​ ​ ​ 1,570,231 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 240,561 ​ ​ ​ ​ ​ 4,843 ​ ​ ​ ​ ​ 2,192,434 ​ ​
​ 2022 ​ ​ ​ ​ 826,137 ​ ​ ​ ​ ​ (360,950) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (545,469) ​ ​ ​ ​ ​ 199,116 ​ ​ ​ ​ ​ (514,334) ​ ​ ​ ​ ​ (395,501) ​ ​
​ 2021 ​ ​ ​ ​ 1,021,262 ​ ​ ​ ​ ​ (455,888) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 13,238 ​ ​ ​ ​ ​ 482,387 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,060,999 ​ ​
​
(a)
Reflects, for Messrs. Patterson, Malone and Maffei, the applicable amounts reported in the Summary Compensation Table and for the non-PEO NEOs, the average of the applicable amounts reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(b)
No equity award adjustments are made for Mr. Malone as he did not hold any equity awards in 2025.
​
(c)
Reflects, with respect to Messrs. Patterson and Maffei, the fair value and, with respect to the non-PEO NEOs, the average of the fair values, as of the end of the covered fiscal year of awards granted in, and remaining outstanding and unvested (in whole or in part) as of the end of, the covered fiscal year.
​
(d)
Reflects, with respect to Messrs. Patterson and Maffei, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the end of the covered fiscal year of awards granted in prior fiscal years that remained outstanding and unvested (in whole or in part) as of the end of the covered fiscal year.
​
(e)
Reflects, with respect to Messrs. Patterson and Maffei, the fair value, and with respect to the non-PEO NEOs, the average of the fair values, as of the day awards became vested in the covered fiscal year, when such awards were also granted in the covered fiscal year.
​
(f)
Reflects, with respect to Messrs. Patterson and Maffei, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the day awards became vested in the covered fiscal year, when such awards were granted in a prior fiscal year.
​
(4)
For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in each of LBRDA and LBRDK from December 31, 2020 through December 31 of each covered fiscal year.
​
(5)
For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in the S&P 500 Communication Services Index from December 31, 2020 through December 31 of each covered fiscal year.
​
(6)
Represents the amount of net income reflected in our consolidated financial statements for each covered fiscal year.
​
(7)
Due to the restrictions in the Merger Agreement, in 2025, we did not grant or pay our named executive officers any compensation based on any financial performance measures. In prior years, our most important financial performance measure tied to our named executive officers’ compensation was Adjusted OIBDA. We define Adjusted OIBDA as operating income (loss) plus depreciation and amortization, stock-based compensation, separately reported litigation settlements, transaction related costs (including acquisition, restructuring, integration, and advisory fees), and impairment charges. For purposes of this disclosure, Adjusted OIBDA includes our attributable interests in our equity investments.
​
        
Company Selected Measure Name     Adjusted OIBDA        
Named Executive Officers, Footnote    
(1)
Gregory Maffei was our Principal Executive Officer (PEO) from 2021 through 2024 and is listed in the “Former PEO” column for such years. In 2025, Mr. Malone served as our interim PEO until Mr. Patterson was appointed as our PEO effective July 14, 2025. For 2025, Mr. Malone and Mr. Patterson are listed in the “Former PEO” and “Current PEO” columns, respectively. Our named executive officers other than our PEO (non-PEO NEOs) for (a) each of the fiscal years 2021, 2022 and 2023 were Messrs. Wendling and Albert Rosenthaler (our company’s former Chief Corporate Development Officer) and Ms. Wilm and (b) 2024 and 2025 were Mr. Wendling and Ms. Wilm.
(2)
Reflects, for Messrs. Patterson, Malone and Maffei, the total compensation reported in the Summary Compensation Table and for the non-PEO NEOs, the average total compensation reported in the Summary Compensation Table in each of the fiscal years indicated.
       
Peer Group Issuers, Footnote    
(5)
For each covered fiscal year, represents the cumulative total stockholder return on an initial fixed $100 investment in the S&P 500 Communication Services Index from December 31, 2020 through December 31 of each covered fiscal year.
       
Adjustment To PEO Compensation, Footnote    
(3)
Represents the compensation actually paid to Messrs. Patterson, Malone and Maffei and the non-PEO NEOs in each of the fiscal years indicated as computed in accordance with Item 402(v) of Regulation S-K and related SEC guidance, as set forth below:
​
​
Compensation actually paid to PEO and Non-PEO NEOs
​
​ ​ ​ ​
As Reported in Summary
Compensation Table(a)
​ ​
Equity Award Adjustments(b)
​ ​ ​ ​ ​ ​ ​
​
Year
​ ​
Total
​ ​
Stock
Awards
​ ​
Option
Awards
​ ​
Fair Value
at Year End
of Awards
Granted
During Year
that Remain
Outstanding
and
Unvested at
Year End(c)
​ ​
Year-over-
Year Change
in Fair Value
of Awards
Granted in
Prior Year
that Remain
Outstanding
and
Unvested at
Year End(d)
​ ​
Fair Value
at Vesting
Date of
Awards
Granted
and Vested
in Same
Year(e)
​ ​
Change in
Fair Value
from Prior
Year End to
Vesting
Date of
Awards
Granted in
Prior Year
and Vested
in Covered
Year(f)
​ ​
Total
Compensation
Actually Paid
​
​
PEO
​
​ 2025 ​ ​ ​ ​ 1,194,406 ​ ​ ​ ​ ​ (1,028,236) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 812,689 ​ ​ ​ ​ ​ (57,540) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (57,852) ​ ​ ​ ​ ​ 863,467 ​ ​
​
Former PEO
​
​ 2025 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2024 ​ ​ ​ ​ 8,648,553 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,694,616) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,459,107 ​ ​ ​ ​ ​ (385,637) ​ ​ ​ ​ ​ 11,027,407 ​ ​
​ 2023 ​ ​ ​ ​ 10,301,633 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,594,317) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (305,684) ​ ​ ​ ​ ​ 3,473,110 ​ ​ ​ ​ ​ (311,031) ​ ​ ​ ​ ​ 9,563,710 ​ ​
​ 2022 ​ ​ ​ ​ 14,480,848 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,321,505) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (24,486,413) ​ ​ ​ ​ ​ 1,184,557 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (14,142,513) ​ ​
​ 2021 ​ ​ ​ ​ 18,018,126 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (6,697,562) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 325,584 ​ ​ ​ ​ ​ 7,930,766 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 19,576,914 ​ ​
​
Non-PEO NEOs
​
​ 2025 ​ ​ ​ ​ 902,127 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (326,692) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (329,092) ​ ​ ​ ​ ​ 246,343 ​ ​
​ 2024 ​ ​ ​ ​ 1,615,793 ​ ​ ​ ​ ​ (303,733) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (168,562) ​ ​ ​ ​ ​ 404,040 ​ ​ ​ ​ ​ 31,521 ​ ​ ​ ​ ​ 1,579,059 ​ ​
​ 2023 ​ ​ ​ ​ 2,083,750 ​ ​ ​ ​ ​ (546,135) ​ ​ ​ ​ ​ (1,160,817) ​ ​ ​ ​ ​ 1,570,231 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 240,561 ​ ​ ​ ​ ​ 4,843 ​ ​ ​ ​ ​ 2,192,434 ​ ​
​ 2022 ​ ​ ​ ​ 826,137 ​ ​ ​ ​ ​ (360,950) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (545,469) ​ ​ ​ ​ ​ 199,116 ​ ​ ​ ​ ​ (514,334) ​ ​ ​ ​ ​ (395,501) ​ ​
​ 2021 ​ ​ ​ ​ 1,021,262 ​ ​ ​ ​ ​ (455,888) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 13,238 ​ ​ ​ ​ ​ 482,387 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,060,999 ​ ​
​
(a)
Reflects, for Messrs. Patterson, Malone and Maffei, the applicable amounts reported in the Summary Compensation Table and for the non-PEO NEOs, the average of the applicable amounts reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(b)
No equity award adjustments are made for Mr. Malone as he did not hold any equity awards in 2025.
(c)
Reflects, with respect to Messrs. Patterson and Maffei, the fair value and, with respect to the non-PEO NEOs, the average of the fair values, as of the end of the covered fiscal year of awards granted in, and remaining outstanding and unvested (in whole or in part) as of the end of, the covered fiscal year.
​
(d)
Reflects, with respect to Messrs. Patterson and Maffei, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the end of the covered fiscal year of awards granted in prior fiscal years that remained outstanding and unvested (in whole or in part) as of the end of the covered fiscal year.
​
(e)
Reflects, with respect to Messrs. Patterson and Maffei, the fair value, and with respect to the non-PEO NEOs, the average of the fair values, as of the day awards became vested in the covered fiscal year, when such awards were also granted in the covered fiscal year.
​
(f)
Reflects, with respect to Messrs. Patterson and Maffei, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the day awards became vested in the covered fiscal year, when such awards were granted in a prior fiscal year.
       
Non-PEO NEO Average Total Compensation Amount     $ 902,127 $ 1,615,793 $ 2,083,750 $ 826,137 $ 1,021,262
Non-PEO NEO Average Compensation Actually Paid Amount     $ 246,343 1,579,059 2,192,434 (395,501) 1,060,999
Adjustment to Non-PEO NEO Compensation Footnote    
(3)
Represents the compensation actually paid to Messrs. Patterson, Malone and Maffei and the non-PEO NEOs in each of the fiscal years indicated as computed in accordance with Item 402(v) of Regulation S-K and related SEC guidance, as set forth below:
​
​
Compensation actually paid to PEO and Non-PEO NEOs
​
​ ​ ​ ​
As Reported in Summary
Compensation Table(a)
​ ​
Equity Award Adjustments(b)
​ ​ ​ ​ ​ ​ ​
​
Year
​ ​
Total
​ ​
Stock
Awards
​ ​
Option
Awards
​ ​
Fair Value
at Year End
of Awards
Granted
During Year
that Remain
Outstanding
and
Unvested at
Year End(c)
​ ​
Year-over-
Year Change
in Fair Value
of Awards
Granted in
Prior Year
that Remain
Outstanding
and
Unvested at
Year End(d)
​ ​
Fair Value
at Vesting
Date of
Awards
Granted
and Vested
in Same
Year(e)
​ ​
Change in
Fair Value
from Prior
Year End to
Vesting
Date of
Awards
Granted in
Prior Year
and Vested
in Covered
Year(f)
​ ​
Total
Compensation
Actually Paid
​
​
PEO
​
​ 2025 ​ ​ ​ ​ 1,194,406 ​ ​ ​ ​ ​ (1,028,236) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 812,689 ​ ​ ​ ​ ​ (57,540) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (57,852) ​ ​ ​ ​ ​ 863,467 ​ ​
​
Former PEO
​
​ 2025 ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​
​ 2024 ​ ​ ​ ​ 8,648,553 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,694,616) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 6,459,107 ​ ​ ​ ​ ​ (385,637) ​ ​ ​ ​ ​ 11,027,407 ​ ​
​ 2023 ​ ​ ​ ​ 10,301,633 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (3,594,317) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (305,684) ​ ​ ​ ​ ​ 3,473,110 ​ ​ ​ ​ ​ (311,031) ​ ​ ​ ​ ​ 9,563,710 ​ ​
​ 2022 ​ ​ ​ ​ 14,480,848 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (5,321,505) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (24,486,413) ​ ​ ​ ​ ​ 1,184,557 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (14,142,513) ​ ​
​ 2021 ​ ​ ​ ​ 18,018,126 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (6,697,562) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 325,584 ​ ​ ​ ​ ​ 7,930,766 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 19,576,914 ​ ​
​
Non-PEO NEOs
​
​ 2025 ​ ​ ​ ​ 902,127 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (326,692) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (329,092) ​ ​ ​ ​ ​ 246,343 ​ ​
​ 2024 ​ ​ ​ ​ 1,615,793 ​ ​ ​ ​ ​ (303,733) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (168,562) ​ ​ ​ ​ ​ 404,040 ​ ​ ​ ​ ​ 31,521 ​ ​ ​ ​ ​ 1,579,059 ​ ​
​ 2023 ​ ​ ​ ​ 2,083,750 ​ ​ ​ ​ ​ (546,135) ​ ​ ​ ​ ​ (1,160,817) ​ ​ ​ ​ ​ 1,570,231 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 240,561 ​ ​ ​ ​ ​ 4,843 ​ ​ ​ ​ ​ 2,192,434 ​ ​
​ 2022 ​ ​ ​ ​ 826,137 ​ ​ ​ ​ ​ (360,950) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (545,469) ​ ​ ​ ​ ​ 199,116 ​ ​ ​ ​ ​ (514,334) ​ ​ ​ ​ ​ (395,501) ​ ​
​ 2021 ​ ​ ​ ​ 1,021,262 ​ ​ ​ ​ ​ (455,888) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 13,238 ​ ​ ​ ​ ​ 482,387 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 1,060,999 ​ ​
​
(a)
Reflects, for Messrs. Patterson, Malone and Maffei, the applicable amounts reported in the Summary Compensation Table and for the non-PEO NEOs, the average of the applicable amounts reported in the Summary Compensation Table in each of the fiscal years indicated.
​
(b)
No equity award adjustments are made for Mr. Malone as he did not hold any equity awards in 2025.
(c)
Reflects, with respect to Messrs. Patterson and Maffei, the fair value and, with respect to the non-PEO NEOs, the average of the fair values, as of the end of the covered fiscal year of awards granted in, and remaining outstanding and unvested (in whole or in part) as of the end of, the covered fiscal year.
​
(d)
Reflects, with respect to Messrs. Patterson and Maffei, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the end of the covered fiscal year of awards granted in prior fiscal years that remained outstanding and unvested (in whole or in part) as of the end of the covered fiscal year.
​
(e)
Reflects, with respect to Messrs. Patterson and Maffei, the fair value, and with respect to the non-PEO NEOs, the average of the fair values, as of the day awards became vested in the covered fiscal year, when such awards were also granted in the covered fiscal year.
​
(f)
Reflects, with respect to Messrs. Patterson and Maffei, the change in fair value, and with respect to the non-PEO NEOs, the average of the change in fair values, from the end of the prior fiscal year to the day awards became vested in the covered fiscal year, when such awards were granted in a prior fiscal year.
       
Compensation Actually Paid vs. Total Shareholder Return    
Relationship Between Compensation Actually Paid and Cumulative Total Shareholder Return
[MISSING IMAGE: bc_tsrpeo-pn.jpg]
[MISSING IMAGE: bc_tsrnonpeo-pn.jpg]
       
Compensation Actually Paid vs. Net Income    
Relationship Between Compensation Actually Paid and Net Income
[MISSING IMAGE: bc_netincpeo-pn.jpg]
[MISSING IMAGE: bc_netincnonpeo-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure    
Relationship Between Compensation Actually Paid and Adjusted OIBDA
[MISSING IMAGE: bc_oibdapeo-pn.jpg]
[MISSING IMAGE: bc_oibdanonpeo-pn.jpg]
       
Total Shareholder Return Vs Peer Group    
[MISSING IMAGE: bc_tsrpeo-pn.jpg]
[MISSING IMAGE: bc_tsrnonpeo-pn.jpg]
       
Tabular List, Table    
2025 Key Performance Measures
Key Financial Performance Measures
Revenue
Adjusted OIBDA
Free Cash Flow
       
Peer Group Total Shareholder Return Amount     $ 213.25 159.67 113.86 73.08 121.57
Net Income (Loss)     (2,676,000,000) $ 869,000,000 $ 688,000,000 $ 1,257,000,000 $ 732,000,000
Company Selected Measure Amount       7,554,000,000 7,134,000,000 7,045,000,000 6,687,000,000
PEO Name Mr. Patterson Mr. Malone          
Total Shareholder Return Amount, LBRDA     32.7 $ 47.19 $ 51.17 $ 48.13 $ 102.11
Total Shareholder Return Amount LBRDK     $ 32.78 47.21 50.89 48.16 101.72
Measure:: 1              
Pay vs Performance Disclosure              
Name     Revenue        
Measure:: 2              
Pay vs Performance Disclosure              
Name     Adjusted OIBDA        
Non-GAAP Measure Description    
(7)
Due to the restrictions in the Merger Agreement, in 2025, we did not grant or pay our named executive officers any compensation based on any financial performance measures. In prior years, our most important financial performance measure tied to our named executive officers’ compensation was Adjusted OIBDA. We define Adjusted OIBDA as operating income (loss) plus depreciation and amortization, stock-based compensation, separately reported litigation settlements, transaction related costs (including acquisition, restructuring, integration, and advisory fees), and impairment charges. For purposes of this disclosure, Adjusted OIBDA includes our attributable interests in our equity investments.
       
Measure:: 3              
Pay vs Performance Disclosure              
Name     Free Cash Flow        
Mr. Patterson [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 1,194,406
PEO Actually Paid Compensation Amount     863,467
Mr. Malone [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount            
PEO Actually Paid Compensation Amount            
Gregory Maffei [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount       8,648,553 10,301,633 14,480,848 18,018,126
PEO Actually Paid Compensation Amount       11,027,407 9,563,710 (14,142,513) 19,576,914
PEO | Mr. Patterson [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     812,689        
PEO | Mr. Patterson [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (57,540)        
PEO | Mr. Patterson [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Patterson [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (57,852)        
PEO | Mr. Patterson [Member] | Stock Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,028,236)        
PEO | Mr. Patterson [Member] | Option Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Malone [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Malone [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Malone [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Malone [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Malone [Member] | Stock Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Mr. Malone [Member] | Option Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount            
PEO | Gregory Maffei [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount      
PEO | Gregory Maffei [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (305,684) (24,486,413) 325,584
PEO | Gregory Maffei [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       6,459,107 3,473,110 1,184,557 7,930,766
PEO | Gregory Maffei [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (385,637) (311,031)
PEO | Gregory Maffei [Member] | Stock Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount      
PEO | Gregory Maffei [Member] | Option Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (3,694,616) (3,594,317) (5,321,505) (6,697,562)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,570,231
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (326,692) (168,562) (545,469) 13,238
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     404,040 240,561 199,116 482,387
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (329,092) 31,521 4,843 (514,334)
Non-PEO NEO | Stock Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (303,733) (546,135) (360,950) (455,888)
Non-PEO NEO | Option Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ (1,160,817)