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Adjusted OIBDA By Segment
Shows earnings before depreciation and amortization for each segment, highlighting which parts of the business are most profitable and efficient in generating cash flow.F1 is driving real margin momentum via sponsorship, media and hospitality, but its profitability is lumpy—race-count and calendar mix create sharp quarterly swings and explain recent troughs and rebounds. MotoGP begins to contribute meaningful adjusted OIBDA only in late‑2025, validating commercial upside from additional races while keeping MotoGP relatively leveraged and investment‑hungry. Management’s focus on deleveraging, ~200bp team‑payment improvement in 2026 and healthy liquidity means near‑term volatility is manageable and upside hinges on continued commercial monetization.
Date | Formula 1 | MotoGP | Corporate & Other |
|---|---|---|---|
Mar 31, 2026 | $172.00M | $16.00M | -$7.00M |
Dec 31, 2025 | $266.00M | $51.00M | $12.00M |
Sep 30, 2025 | $234.00M | $66.00M | -$3.00M |
Jun 30, 2025 | $361.00M | $0.00 | $8.00M |
Mar 31, 2025 | $85.00M | $0.00 | -$12.00M |
Dec 31, 2024 | $202.00M | $0.00 | -$2.00M |
Sep 30, 2024 | $221.00M | $0.00 | -$14.00M |
Jun 30, 2024 | $160.00M | $0.00 | $5.00M |
Mar 31, 2024 | $208.00M | $0.00 | -$6.00M |
Dec 31, 2023 | $238.00M | $0.00 | $5.00M |