Want to see FWONA full AI Analyst Report?
Liberty Media Liberty Formula One (FWONA) AI Stock Analysis
Liberty Media Liberty Formula One
(NASDAQ:FWONA)
FWONA scores above average primarily on strong financial quality (healthy margins, strong free cash flow, and very low reported TTM leverage), but the overall score is held back by weak near-term technical momentum, a high P/E valuation, and earnings-call near-term pressure from calendar-driven revenue/OIBDA declines and leverage sensitivity to race timing.
Liberty Media Liberty Formula One Key Performance Indicators (KPIs)
Liberty Media Liberty Formula One (FWONA) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $21.33B
- Dividend Yield
- ―
- Average Volume (3M)
- 186.23K
- Price to Earnings (P/E)
- 46.3
- Beta (1Y)
- 0.65
- Revenue Growth
- 12.23%
- EPS Growth
- 47.39%
- Country
- US
- Employees
- 1,674
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Entertainment
Liberty Media Liberty Formula One Business Overview & Revenue Model
Company Description
Formula One Group is involved in the motorsports industry, conducting business both in the United States and globally. Its primary function is holding the commercial rights to the Formula One World Championship, an extensive motor racing series that...
How the Company Makes Money
The Formula One Group primarily makes money by commercializing the Formula 1 World Championship across several major revenue streams. (1) Race promotion fees: F1 enters into agreements with race promoters (often local organizers and/or government-bac...
Liberty Media Liberty Formula One Earnings Call Summary
The call presents a mix of meaningful operational and commercial progress — strong audience and engagement growth (digital, social, attendance), sponsorship and licensing momentum, strategic deals (Las Vegas extension, MotoGP team/manufacturer agreements), and prudent liquidity/debt refinancing actions — counterbalanced by short-term financial impacts driven primarily by calendar timing and recognition issues at F1 that produced material year-to-date revenue (-15%) and adjusted OIBDA (-30%) declines, modestly higher SG&A and a small uptick in net leverage (3.4x). Management frames the declines as timing/calendar-related and highlights underlying growth trends; accordingly, the positives and negatives are roughly balanced in significance.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Liberty guided to a 23‑race 2026 calendar (Bahrain rescheduled to Malaysia) with season‑based revenue costs and true‑ups to begin accruing in Q3 and an expectation to return to a full 24‑race calendar next season; F1’s Q2 race count fell 44% (5 vs. 9) and YTD race count fell 27% (8 vs. 11), driving YTD revenue down ~15% and adjusted OIBDA down ~30% as only ~36% of season‑based revenue has been recognized (8/22 races) versus ~46% prior year (11/24). Management said team payments were 61.7% of pre‑team‑share adjusted OIBDA YTD with an expected ~200 basis‑point improvement for the full year and relatively stable payout percentages thereafter, Liberty ended the quarter with ~ $1.5B cash/liquid investments (F1 $1.0B, MotoGP $142M), ~ $5.0B total debt (F1 $3.3B, MotoGP $1.0B, corporate $497M), undrawn revolvers (F1 $500M, MotoGP €100M) and net leverage of ~3.4x, and noted MotoGP (closed July 3, 2025) has manufacturer/team agreements through 2031, reported YTD revenue and adjusted OIBDA growth on a constant‑currency basis, and completed debt repricing (EUR 720M TLB, USD 200M TLA, EUR 100M revolver) with expected future margin reductions as the business delevers.
Liberty Media Liberty Formula One Financial Statement Overview
Summary
Overall fundamentals are strong: solid TTM profitability (EBITDA margin ~31%, EBIT margin ~22%, net margin ~11%), a very strong TTM balance sheet with extremely low debt-to-equity (~0.01), and robust cash generation (TTM operating cash flow ~$1.27B; free cash flow ~$1.12B; FCF ~88% of net income). Key risks are the TTM revenue decline (~-8.6%) after prior growth and the notable leverage shift versus 2025 that warrants monitoring.
Income Statement
74PositiveBalance Sheet
83Very PositiveCash Flow
79Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.34B | 4.48B | 3.65B | 3.22B | 2.57B | 2.14B |
| Gross Profit | 1.42B | 1.12B | 1.17B | 982.00M | 823.00M | 647.00M |
| EBITDA | 1.40B | 1.15B | 577.00M | 794.00M | 762.00M | 363.00M |
| Net Income | 461.00M | 555.00M | -30.00M | 185.00M | 558.00M | -190.00M |
Balance Sheet | ||||||
| Total Assets | 15.88B | 15.40B | 11.76B | 10.27B | 11.02B | 11.66B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 1.05B | 2.63B | 1.41B | 1.73B | 2.07B |
| Total Debt | 4.92B | 5.12B | 2.99B | 2.91B | 2.95B | 3.63B |
| Total Liabilities | 7.50B | 6.95B | 4.37B | 3.85B | 4.08B | 4.72B |
| Stockholders Equity | 7.62B | 7.76B | 7.39B | 6.42B | 6.91B | 6.34B |
Cash Flow | ||||||
| Free Cash Flow | 786.00M | 751.00M | 492.00M | 193.00M | 243.00M | 464.00M |
| Operating Cash Flow | 915.00M | 870.00M | 567.00M | 619.00M | 534.00M | 481.00M |
| Investing Cash Flow | -3.16B | -3.20B | -292.00M | -683.00M | 394.00M | -600.00M |
| Financing Cash Flow | 221.00M | 408.00M | 951.00M | -435.00M | -1.27B | 512.00M |
Liberty Media Liberty Formula One Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FWONA, the sentiment is Neutral. The current price of 85.13 is above the 20-day moving average (MA) of 84.72, below the 50-day MA of 87.18, and above the 200-day MA of 84.37, indicating a neutral trend. The MACD of -0.83 indicates Negative momentum. The RSI at 50.57 is Neutral, neither overbought nor oversold. The STOCH value of 83.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FWONA.
Liberty Media Liberty Formula One Risk Analysis
Liberty Media Liberty Formula One disclosed 106 risk factors in its most recent earnings report. Liberty Media Liberty Formula One reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksLiberty Media Liberty Formula One Peers Comparison
Overall Rating
DIS77Outperform
FOX72Outperform
LYV70Outperform
TKO66Neutral- FWONA66Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DIS | 77Outperform | $191.56B | 22.83 | 7.87% | 1.35% | 5.31% | -23.96% |
| FOX | 72Outperform | $25.12B | 14.45 | 14.74% | 1.01% | 5.07% | -20.95% |
| LYV | 70Outperform | $41.92B | -161.72 | 73.28% | ― | 10.75% | -146.20% |
| TKO | 66Neutral | $34.20B | 59.83 | 6.41% | 1.74% | 35.92% | 15.44% |
| FWONA | 66Neutral | $23.00B | 46.27 | 5.94% | ― | 12.23% | 47.39% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FWONA | Liberty Media Corporation Series A Liberty Formula One | 85.13 | -5.50 | -6.07% | |
| LYV | Live Nation Entertainment | 177.89 | 28.05 | 18.72% | |
| DIS | Walt Disney Company | 110.94 | 0.42 | 0.38% | |
| TKO | TKO Group Holdings, Inc. | 180.68 | -4.10 | -2.22% | |
| FOX | Fox Corporation Class B | 56.20 | -0.53 | -0.94% |
Liberty Media Liberty Formula One Corporate Events
Liberty Media Appoints New Chief Legal Officer, Advisor
PositiveOn September 2, 2026, Liberty Media Corporation announced that Philip J. Boeckman will become Chief Legal Officer effective October 1, 2026, overseeing the company’s legal functions. Boeckman, a longtime partner at Cravath, Swaine & Moore L...
Liberty Formula One Completes $690 Million Convertible Notes Offering
PositiveOn August 13, 2026, Liberty Media Corporation closed a private offering of $690 million in 2.375% senior convertible notes due 2032, sold to institutional buyers and convertible into its Series C FWONK shares at an initial price of about $138.68 per...
Liberty Formula One announces new convertible notes offering
NeutralOn August 10, 2026, Liberty Media Corporation announced a proposed private offering of $600 million in convertible senior notes due 2032, with an option for initial purchasers to buy up to an additional $90 million in notes. The notes will be senior...
MotoGP Unit Reprices Loans, Reduces Net Debt Load
PositiveOn June 17, 2026, Liberty Media said its Spanish subsidiary MotoGP Sports Entertainment Group closed a repricing of its first lien Term Loan B, Term Loan A and multicurrency revolving credit facility, cutting the Term Loan B principal from €800...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 06, 2026