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Liberty Media Liberty Formula One (FWONB) AI Stock Analysis
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Liberty Media Liberty Formula One
(Other OTC:FWONB)
FWONB scores well primarily due to strong financial quality (healthy profitability, robust free cash flow, and a solid balance sheet profile in the latest period) and a constructive technical trend with neutral momentum. The score is held back by moderate valuation (P/E 26.8, no dividend support) and near-term revenue/OIBDA softness tied to race-calendar timing and disruption, despite management emphasizing strong underlying commercial momentum.
Liberty Media Liberty Formula One Key Performance Indicators (KPIs)
Liberty Media Liberty Formula One (FWONB) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $21.33B
- Dividend Yield
- ―
- Average Volume (3M)
- 150
- Price to Earnings (P/E)
- 46.3
- Beta (1Y)
- 0.32
- 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 operates within the global motorsports sector, managing the commercial rights for the acclaimed Formula 1 World Championship. This premier motor racing competition unfolds over roughly nine months, featuring teams contending for the...
How the Company Makes Money
The Formula One Group generates revenue primarily by commercializing the rights and demand surrounding the Formula 1 championship. Its core revenue streams generally include: (1) Media rights: F1 sells the right to broadcast and distribute races and...
Liberty Media Liberty Formula One Earnings Call Summary
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.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that F1 will end 2026 with a 23‑race calendar (22 races assumed at June 30; Bahrain rescheduled to Malaysia in October and season‑based revenue true‑ups to begin in Q3) and expects to return to a full 24‑race calendar next season; the Q2 race count fell 44% (5 vs 9) and YTD race count was down 27% (8 vs 11), contributing to F1 YTD revenue down 15% and adjusted OIBDA down 30% and season‑based revenue recognized ~36% YTD vs ~46% a year ago. Team payments were 61.7% of pre‑team‑share adjusted OIBDA YTD with an expected ~200 bps full‑year improvement and payout percentages projected to remain relatively stable through 2030. Liberty finished the quarter with ~$1.5B of cash and liquid investments (including $1.0B at F1 and $142M at MotoGP), ~ $5.0B total debt ($3.3B F1, $1.0B MotoGP, $497M corporate), undrawn $500M F1 revolver and EUR100M MotoGP revolver, and net leverage of 3.4x; MotoGP debt was repriced (EUR720M TLB, $200M TLA, EUR100M revolver) with anticipated margin reductions as the business delevers. MotoGP (presented pro forma) showed YTD revenue and adjusted OIBDA growth with race count unchanged, attendance +4% (first 11 races), TV viewership +3% through Mugello, 63M social followers (+3% YoY; TikTok engagement +80%; China +26%). On engagement and commercial metrics, F1 reported Apple TV U.S. viewership and hours watched up 13% season‑to‑date, F1 TV revenue +18% YTD (ex‑U.S.), social followers +19% YoY, YouTube views >13B (+30% YoY), 3.3M attendees to date (Silverstone 564k; five races set attendance records), Paddock Club and certain premium hospitality offerings sold out and poised for further expansion. Corporate & other revenue was $12M YTD with adjusted OIBDA loss of $16M.
Liberty Media Liberty Formula One Financial Statement Overview
Summary
Overall financials are solid: profitability has recovered with healthy TTM margins (~33% gross, ~11% net) and free cash flow is robust ($1.12B TTM) with strong recent improvement. Balance sheet strength is mixed—TTM leverage looks very conservative (low debt vs equity), but prior annual filings showed materially higher debt, indicating capital structure can swing. The key near-term risk is the recent top-line decline (TTM revenue growth -8.6%).
Income Statement
72PositiveBalance Sheet
84Very PositiveCash Flow
78Positive| 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 FWONB, the sentiment is Positive. The current price of 87.58 is above the 20-day moving average (MA) of 86.72, below the 50-day MA of 89.30, and above the 200-day MA of 86.05, indicating a neutral trend. The MACD of -0.92 indicates Negative momentum. The RSI at 52.17 is Neutral, neither overbought nor oversold. The STOCH value of 62.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FWONB.
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
MSGE76Outperform- FWONB74Outperform
LYV70Outperform
FOXA68Neutral
MANU43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| MSGE | 76Outperform | $3.81B | 57.80 | 5.95% | ― | 12.52% | 82.30% |
| FWONB | 74Outperform | $23.00B | 46.27 | 5.94% | ― | 12.23% | 47.39% |
| LYV | 70Outperform | $41.92B | -161.72 | 73.28% | ― | 10.75% | -146.20% |
| FOXA | 68Neutral | $25.12B | 14.45 | 14.74% | 0.90% | 5.07% | -20.95% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| MANU | 43Neutral | $3.63B | -62.24 | -24.51% | ― | 5.46% | -34.39% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FWONB | Liberty Media Corporation Series B Liberty Formula One | 87.58 | -4.32 | -4.70% | |
| LYV | Live Nation Entertainment | 177.89 | 28.05 | 18.72% | |
| MANU | Manchester United Plc | 21.06 | 5.03 | 31.38% | |
| FOXA | Fox Corporation Class A | 63.24 | 0.21 | 0.33% | |
| MSGE | Madison Square Garden Entertainment Corp. | 80.35 | 36.13 | 81.71% |
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: Aug 07, 2026