Liberty Media Corporation Series A Liberty Formula One ( (FWONA) ) has released its Q4 earnings. Here is a breakdown of the information Liberty Media Corporation Series A Liberty Formula One presented to its investors.
Liberty Media Corporation Series A Liberty Formula One is a media and entertainment company primarily engaged in the promotion and commercialization of Formula One racing, a leading global motorsport series. The company operates in the sports and entertainment sector, leveraging its unique position in the Formula One industry to drive growth and engagement.
Liberty Media Corporation reported its financial results for the fourth quarter and full year of 2024, highlighting significant achievements in fan engagement and strategic partnerships. The company saw a 9% increase in F1 fan attendance, reaching 6.5 million, and maintained strong media presence with 1.6 billion cumulative TV viewers and 97 million social media followers. Key partnerships were renewed, and new agreements were signed, including a notable extension with Crypto.com through 2030.
The Formula One Group, a major segment of Liberty Media, reported a 6% increase in total revenue for the year, reaching $3.653 billion. This growth was driven by increases in primary F1 revenue streams such as race promotion, media rights, and sponsorship fees. Operating income for the year grew by 26% to $492 million, despite a slight decline in the fourth quarter. The company also highlighted the successful hosting of 24 races in 2024, contributing to the overall revenue growth.
Liberty Media’s strategic focus remains on capitalizing on Formula One’s success, with plans to continue expanding its race calendar and enhancing its sponsorship portfolio. The company is also progressing with its acquisition of MotoGP, expected to close by mid-2025, which is anticipated to further strengthen its position in the motorsport industry.
Looking ahead, Liberty Media’s management is optimistic about 2025, with plans to leverage the 75th anniversary of Formula One to boost brand momentum. The company aims to maintain its growth trajectory by executing strategic priorities and enhancing shareholder value through its diverse portfolio of media and entertainment assets.