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Liberty Media Corporation Series B Liberty Formula One (FWONB)
OTHER OTC:FWONB
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 12.51%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The call highlighted strong financial performance and growth in Formula One, successful partnerships, and sustainability efforts. However, there were challenges with Las Vegas Grand Prix revenue and sponsorship revenue in the third quarter.Company Guidance
During the Q3 2024 earnings call for Liberty Media (FWONA), the company provided guidance on several key metrics and transactions. Formula One's financial performance was highlighted, with year-to-date revenue up by 15% and adjusted OIBDA increasing by 21%, driven by double-digit growth across all revenue streams and two additional races. The company also completed funding for its MotoGP acquisition, expecting F1 leverage to be between 3.5 to 4x by year-end. F1's refinancing activities included raising an $850 million Term Loan B and $150 million Term Loan A, with the expectation of reducing the margin from SOFR plus 200 bps to 175 bps post-deleveraging. Additionally, Liberty Media reported a cash balance of $1.4 billion for the Formula One Group, with a principal debt of $2.9 billion, indicating strong liquidity and strategic management of their financial obligations. Given these updates, the company remains optimistic about future sponsorship revenue growth, particularly in 2025, with new partnerships and expanded agreements with major brands contributing to a positive outlook.Strong Financial Performance
Formula One's revenue up 15% and adjusted OIBDA up 21% year-to-date, with double-digit growth across all revenue streams.
Successful MotoGP Transaction
Refinancing and acquisition funding complete for MotoGP, with expected F1 leverage between 3.5 to 4x assuming year-end close.
New Commercial Partnerships
Signed new partnerships with LVMH, American Express, and Lenovo starting in 2025, indicating strong sponsorship momentum.
Increased Race Attendance
Attendance up 9% year-to-date with 2.9 million attendees, and six races setting all-time attendance records.
Sustainability Progress
Investment in sustainable aviation fuels with DHL, covering approximately 11% of estimated carbon emissions for 2024 season.
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Liberty Media Liberty Formula One (FWONB) Earnings, Revenues Date & History
FWONB 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
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FWONB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $72.65 | $75.88 | +4.45% |
| Aug 08, 2024 | $72.00 | $68.00 | -5.56% |
| May 08, 2024 | $64.76 | $66.50 | +2.69% |
| Feb 28, 2024 | $63.88 | $64.70 | +1.28% |
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.
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FAQ
When does Liberty Media Corporation Series B Liberty Formula One (FWONB) report earnings?
Liberty Media Corporation Series B Liberty Formula One (FWONB) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Liberty Media Corporation Series B Liberty Formula One (FWONB) earnings time?
Liberty Media Corporation Series B Liberty Formula One (FWONB) 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 FWONB EPS forecast?
Currently, no data Available
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