Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Liberty Media Corporation Series A Liberty Formula One (FWONA)
NASDAQ:FWONA
RESEARCH TOOLSreports
Holding FWONA?
Track your performance easily
Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.41Last Year’s EPS
$0.25Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 11.13%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in Formula One's financial performance, successful partnership expansions, and sustainability efforts. However, it also noted challenges in sponsorship revenue and ticket sales in Las Vegas, as well as the impact of flooding on MotoGP. Overall, the positive aspects, particularly the strong financial performance and strategic partnerships, outweigh the negatives.Company Guidance
During the Liberty Media Corporation's Q3 2024 earnings call, several key metrics and guidance points were discussed. The Formula One Group reported a 15% increase in revenue and a 21% rise in adjusted OIBDA year-to-date, attributed to double-digit growth across all revenue streams and two additional races. The refinancing of the Formula One Group's debt resulted in a term loan B margin reduction to 200 basis points above SOFR, with a potential step-down to 175 basis points post-MotoGP transaction. The acquisition of MotoGP is expected to close by year-end, with Formula One's leverage anticipated between 3.5x to 4x. The season has seen significant attendance, with 5.8 million attendees through Brazil and several races setting attendance records. Sponsorship revenue is set to grow, with new partnerships, including LVMH, Amex, and Lenovo, commencing in 2025, highlighting continued commercial momentum. Additionally, the Las Vegas Grand Prix remains a focus, with ongoing adjustments to enhance profitability, despite a reduction in ticket prices compared to initial expectations. The company maintains a strong outlook, with strategic expansions and sustainability initiatives in place, including investments in sustainable aviation fuels.Strong Financial Performance in Formula One
Formula One's revenue increased by 15% and adjusted OIBDA rose by 21% year-to-date, driven by double-digit growth across all revenue streams and two additional races.
Successful MotoGP Acquisition and Attendance Growth
Liberty Media completed funding for the MotoGP acquisition and reported a 9% increase in year-to-date attendance, with six races setting all-time attendance records.
Expansion of Commercial Partnerships
New partnerships with LVMH, American Express, and Lenovo, with an expanded deal for 2025. These partners are attracted by Formula One's growth and young demographic.
F1 TV Subscriber Growth
F1 TV subscribers increased by 10% year-over-year, with particularly strong growth in the U.S. market.
Sustainability Initiatives
Investments in sustainable aviation fuels, covering approximately 11% of estimated carbon emissions for the 2024 season.
---
Liberty Media Liberty Formula One (FWONA) Earnings, Revenues Date & History
FWONA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
FWONA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $76.74 | $73.99 | -3.58% |
| Aug 08, 2024 | $70.66 | $67.40 | -4.61% |
| May 08, 2024 | $64.31 | $64.26 | -0.08% |
| Feb 28, 2024 | $62.16 | $62.81 | +1.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Liberty Media Corporation Series A Liberty Formula One (FWONA) report earnings?
Liberty Media Corporation Series A Liberty Formula One (FWONA) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Liberty Media Corporation Series A Liberty Formula One (FWONA) earnings time?
Liberty Media Corporation Series A Liberty Formula One (FWONA) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FWONA EPS forecast?
FWONA EPS forecast for the fiscal quarter 2024 (Q4) is $0.41.
---