EarningsQ2 2026 Earnings Report
MX:FWONK1 Q2 2026 EPS Results
Actual EPS$0.36
Consensus EPS$4.33
Beat/MissMissed by -$3.97
One Year Ago EPS$27.33
MX:FWONK1 Q2 2026 Revenue Results
Actual Revenue$16.79B
Expected Revenue$17.13B
Beat/MissMissed by -$337.59M
YoY Revenue Growth-30.35%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:FWONK1 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
MX:FWONK1 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 presented a generally positive operational and commercial outlook — strong digital audience growth, robust demand for premium experiences, meaningful licensing and sponsorship momentum, MotoGP top-line and OIBDA improvement, and active balance-sheet management. These positives were tempered by near-term financial headwinds driven largely by calendar variability (fewer staged F1 races), which caused notable year-to-date revenue (-15%) and adjusted OIBDA (-30%) declines, a modest uptick in net leverage (~3.4x), and some one-time comparability issues. Management framed the financial weakness as timing/calendar-driven while highlighting durable underlying growth trends and long-term opportunities across F1 and MotoGP.Company Guidance
Strong Digital & Audience Growth
U.S. viewership on Apple TV up year-over-year with total hours watched up 13%; F1 social media followers grew 19% YoY; YouTube total views surpassed 13 billion, up 30% YoY; YouTube Highlights ~200 million views and >15 million hours watched.
Formula One Premium Experiences & Monetization
Paddock Club sold out for the season and House 44 sold out; plan to expand House 44 from 9 to 13 locations next year; strong demand for premium hospitality and new premium products (e.g., 'The Out Lap' with LVMH), retail flagship expansion and licensing deals (DK Books, Hasbro MONOPOLY, Automobilist, Gentle Monster, Uniqlo).
Las Vegas Grand Prix Momentum and Long-Term Commitment
10-year extension of Las Vegas Grand Prix through 2037; ticket sales trending well ahead of prior year and month-end September ’25 levels as of end of July; Grand Prix Plaza revenue contributing and expected to surpass 2025 attendance levels.
MotoGP Revenue and OIBDA Growth (Constant Currency)
MotoGP reported year-to-date revenue growth and adjusted OIBDA growth driven by race promotion (event mix) and sponsorship gains; cost reductions from lower freight and a new hospitality agreement (net recognition) supported margin improvement.
MotoGP Engagement & Commercial Momentum
MotoGP attendance +4% through first 11 races with record crowds in Thailand and Germany; TV viewership up 3% through Mugello; social followers reached 63 million (+3% YoY) with TikTok engagement up ~80% and China social followers +26%.
Balance Sheet Liquidity and Debt Actions
Liberty Media held ~$1.5 billion in cash and liquid investments at quarter end ($1.0B at F1, $142M at MotoGP); refinanced and repriced MotoGP debt (EUR 720M TLB, USD 200M TLA, EUR 100M revolver) with expectations of margin reductions as deleveraging occurs; revolvers undrawn.
F1 Commercial & Media Wins
F1 TV revenue (ex-U.S.) increased 18% year-to-date; new/renewed media agreements (e.g., ServusTV Austria) and ongoing strong sponsorship and licensing momentum; race promotion pipeline remains robust despite calendar constraints.
MX:FWONK1 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