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EarningsQ2 2026 Earnings Report
FWONB Q2 2026 EPS Results
Actual EPS$0.02
Consensus EPS―
Beat/Miss―
One Year Ago EPS$1.52
FWONB Q2 2026 Revenue Results
Actual Revenue$934.00M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth-30.35%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
FWONB Upcoming Earnings
Liberty Media Liberty Formula One's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
FWONB Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted substantial commercial momentum across Formula One and MotoGP — including strong digital growth, record live attendance, licensing and sponsorship wins, MotoGP structural deals, and a solid liquidity position. These positives were tempered by near-term financial impacts from calendar variability (fewer staged races), which drove a 15% YTD revenue decline and a 30% YTD adjusted OIBDA decline at F1, modest SG&A increases, and a small net leverage uptick to 3.4x. Management characterized the revenue/OIBDA weakness as largely timing-driven and emphasized underlying growth trends, long-term contractual renewals, and operational fixes (rescheduled Bahrain GP, debt refinancing). Overall, the strategic and operational positives appear to outweigh the transitory financial headwinds resulting from calendar and market timing effects.Company Guidance
U.S. Apple TV Viewership Growth
Formula One U.S. viewership on Apple TV: total hours watched up 13% year-over-year season-to-date; attracted a younger and more female audience, strengthening distribution and sponsor satisfaction.
Strong Digital and Social Engagement
F1 social media followers grew 19% year-over-year; total YouTube views surpassed 13 billion, up 30% year-over-year; YouTube Highlights ~200 million views and over 15 million hours watched, indicating expanding digital reach.
Robust Live Attendance and Premium Demand
F1 attendance to date: 3.3 million; all 10 races sold out through Belgium; five races set new attendance records; Silverstone drew 564,000 (sport record). Paddock Club sold out for the season and House 44 sold out, with House 44 expanding from 9 to 13 locations next year.
Las Vegas Grand Prix Milestones
LVGP secured a 10-year extension through 2037; ticket sales are trending ahead of prior-year levels (comparable to Sept 2025 month-end as of July); Grand Prix Plaza shows strong rental/event performance and is on track to surpass 2025 attendance.
Licensing and Sponsorship Momentum
F1 reported continued licensing and sponsorship wins (DK Books, Hasbro MONOPOLY special edition, Automobilist renewal, Gentle Monster, Uniqlo, Pirelli extension to 2028, Flexjet partnership, Fever ticketing). F1 TV revenue (ex-U.S.) increased 18% year-to-date.
MotoGP Commercial and Sporting Progress
MotoGP completed manufacturer and team agreements through 2031, established stability ahead of new technical regulations, and signed new media deals (DAZN in Spain/Portugal, Sky DACH, RTBF). Year-to-date revenue and adjusted OIBDA increased on a constant currency basis.
MotoGP Fan and Digital Growth
MotoGP attendance up 4% across first 11 races with record crowds in Thailand and Germany; TV viewership up 3% through Mugello; social followers reached 63 million (+3% YoY), TikTok engagement +80%, China social followers +26%.
Cash Position and Liquidity
Liberty Media cash and liquid investments approx $1.5 billion (including $1.0 billion at F1 and $142 million at MotoGP); F1 $500M revolver and MotoGP EUR100M revolver undrawn; refinanced MotoGP debt with EUR 720M Term Loan B, $200M Term Loan A and EUR100M revolver at attractive terms.
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