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Liberty Media Corporation Series C Liberty Formula One (FWONK)
NASDAQ:FWONK
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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
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 11.13%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects significant positive momentum in Formula One's financial performance and partnership growth, offset by some challenges in sponsorship revenue recognition and Las Vegas ticket sales. The strong expansion of commercial agreements and record attendance highlight the optimistic outlook for the company.Company Guidance
During the Liberty Media Corporation's Q3 2024 earnings call, several key metrics and guidance points were provided. Formula One Group reported a year-to-date revenue increase of 15% and a 21% rise in adjusted OIBDA, supported by the addition of two races and robust financial performance across all revenue streams. The F1 leverage is expected to be between 3.5 to 4 times, assuming the MotoGP deal closes by year-end. Sponsorship revenue saw notable expansion, with new partnerships announced for 2025, including LVMH and American Express, reflecting a positive commercial outlook. The Las Vegas Grand Prix remains the last uncontracted revenue segment for the year, with efforts to optimize the product ladder and cost structure. The call also highlighted the successful refinancing of F1's debt and the completion of necessary funding for the MotoGP transaction. Additionally, the company emphasized the strategic importance of maintaining a balanced race calendar while exploring potential market expansions.Strong Financial Performance in Formula One
Formula One (F1) revenue up 15% and adjusted OIBDA up 21% year-to-date. Double-digit growth across all revenue streams, boosted by two additional races.
New Commercial Partnerships
Several new commercial agreements signed, including with LVMH and American Express, set to begin in 2025, showcasing strong sponsorship momentum.
Record Attendance and Engagement
F1 season attendance up with 5.8 million attendees through Brazil. Seven races set new attendance records, and social media followers grew 38% year-over-year.
Successful Completion of MotoGP Financing
All acquisition-related financing for the MotoGP transaction is complete, and the regulatory process is progressing well, with the deal expected to close by year-end.
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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 |
|---|---|---|---|
| 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% |
| Feb 28, 2024 | $68.88 | $69.89 | +1.47% |
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 Feb 26, 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 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 FWONK EPS forecast?
FWONK EPS forecast for the fiscal quarter 2024 (Q4) is $0.41.
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