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Liberty Media Corporation Series C Liberty Formula One (FWONK)
NASDAQ:FWONK
RESEARCH TOOLSreports
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -5.98%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in Formula One's revenue, sponsorship, and fan engagement. However, there were notable challenges with the Las Vegas Grand Prix's financial performance and uncertainties in the US media rights negotiations. The company is taking steps to address these issues, showing a proactive approach.Company Guidance
During Liberty Media Corporation's 2024 year-end earnings call, guidance for the upcoming year included several key priorities and financial metrics. The company is focused on closing the Dorna acquisition, with the MotoGP season commencing in March 2025 and featuring a 22-race calendar, up from 20 races in 2024. Liberty Media aims to simplify its structure and highlight the value of its Live Nation equity stake. Formula One's 2024 season set records, and efforts to enhance the Las Vegas Grand Prix's financial performance for 2025 are underway, despite standalone 2024 event economics missing internal expectations on revenue and OIBDA. The company is leveraging two years of data to revise ticketing and cost strategies. Financially, Liberty Media reported $2.6 billion in cash and liquid investments at year-end, with Formula One Group having $2.4 billion in debt. F1's total revenue grew by 6% in 2024, with a 10% increase in sponsorship revenue. Adjusted OIBDA margin improved by nearly 70 basis points year-over-year. The company is in compliance with its debt covenants and is optimistic about continued growth in 2025, especially with 24 F1 races planned and an emphasis on sustainability and diversity.Formula One Revenue Growth
Total revenue grew 6% in 2024, driven by two additional races, contractual increases, and a 10% increase in sponsorship revenue year-over-year.
Strong Financial Position
F1 Group had attributed cash and liquid investments of $2.6 billion at year-end, with a ratio of leverage at 1.3 times.
F1 Sponsorship Success
F1 announced new sponsorship deals with LVMH, Lenovo, and others, contributing to a robust pipeline and strong sponsorship revenue growth for 2025.
Growing F1 Fan Engagement
F1 fanbase reached over 750 million globally, with a 9% increase in unique TV viewers and 38% growth in social media followers.
Sustainable Growth Initiatives
F1 is on track for a net zero carbon footprint by 2030, with sustainable aviation fuel initiatives providing a 19% reduction in emissions.
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Liberty Media Liberty Formula One (FWONK) Earnings, Revenues Date & History
FWONK 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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FWONK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $94.94 | $91.92 | -3.18% |
| Nov 07, 2024 | $82.86 | $80.54 | -2.80% |
| Aug 08, 2024 | $77.31 | $73.35 | -5.12% |
| May 08, 2024 | $72.06 | $72.07 | +0.01% |
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 C Liberty Formula One (FWONK) report earnings?
Liberty Media Corporation Series C Liberty Formula One (FWONK) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Liberty Media Corporation Series C Liberty Formula One (FWONK) earnings time?
Liberty Media Corporation Series C Liberty Formula One (FWONK) earnings time is at May 02, 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 FWONK EPS forecast?
FWONK EPS forecast for the fiscal quarter 2025 (Q1) is -0.09.
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