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Liberty Media Corporation Series C Liberty Formula One (FWONK)
NASDAQ:FWONK
Earnings Data
Report Date
May 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.07Last Year’s EPS
0.09Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and commercial performance with broad growth across revenue, attendance and digital engagement for both F1 and MotoGP, meaningful commercial momentum (new/renewed media and sponsorship deals), progress on deleveraging and a multi-year Concorde Agreement providing financial stability. Lowlights were largely operational and timing-related (calendar mix volatility, elevated MotoGP leverage, and rising SG&A linked to growth) and represent manageable near- to medium-term headwinds rather than structural declines. Overall, positive momentum and strategic clarity dominate the call.Company Guidance
F1 Revenue and Adjusted OIBDA Growth
Full-year Formula 1 revenue grew 14% year-over-year and adjusted OIBDA increased 20%, driven by growth across sponsorship, media rights (including F1 TV and one-time movie revenue), race promotion, hospitality and licensing.
Audience and Digital Engagement Surge for F1
F1 reported record engagement with 6.75 million attendances (up 4% YoY), global Live TV viewership up 21% YoY across sessions, YouTube views of 1.65 billion (up 48% YoY), qualifying viewership up 23%, Sprint viewership up 10%, and social followers reaching 150 million (up nearly 20% YoY).
Commercial Momentum and Strategic Media Deals
F1 closed multiple renewals and new partnerships (e.g., Apple for U.S. rights, beIN in Pan-Asia, ESPN in Latin America, Standard Chartered sponsorship) and extended promoter agreements, supporting both reach and monetization initiatives.
Las Vegas Grand Prix: Strong Performance and Ecosystem Benefits
Las Vegas Grand Prix sold out the weekend (>300,000 fans), generated 1.8 billion impressions over the weekend, and delivered improved financial performance year-over-year with material benefits to sponsorship, hospitality and licensing across the F1 ecosystem.
MotoGP Attendance and Fanbase Expansion
MotoGP attendance reached a record 3.6 million (up 21% YoY), first-time attendees rose to 27% of total (from 18%), global fan base grew to 632 million (up 12% YoY), social followers increased by over 3 million to ~61 million, and social engagement rose 61%.
MotoGP Revenue and Adjusted OIBDA Growth (Pro Forma)
Pro forma for the full year, MotoGP revenue grew across primary streams (benefitting from two additional races vs. 2024) and adjusted OIBDA increased, driven by higher race promotion fees, Media Rights (VideoPass subscription growth) and hospitality revenue.
Balance Sheet Liquidity and Deleveraging Progress
Liberty Media reported $1.1 billion of cash and liquid investments (including $539 million at F1 and $197 million at MotoGP). F1 OpCo net leverage improved to 2.8x (from 3.3x pro forma), MotoGP net leverage reduced to 4.7x (from 5.6x at 9/30), and overall Liberty net leverage was 3.6x with undrawn revolvers at F1 and MotoGP.
Concorde Agreement and Longer-Term Financial Stability
Liberty/F1 finalized the new Concorde Agreement covering 2026–2030, providing durable financial economics and a stable framework for team payouts; team payments were 59.7% of pre-team share adjusted OIBDA in 2025 and management expects roughly 200 bps of leverage improvement in 2026 (approx. 57.7%).
Liberty Media Liberty Formula One (FWONK) Earnings, Revenues Date & History
FWONK 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
FWONK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $89.29 | $86.54 | -3.08% |
Nov 05, 2025 | $100.75 | $101.41 | +0.66% |
Aug 07, 2025 | $99.69 | $97.10 | -2.60% |
May 07, 2025 | $91.37 | $93.54 | +2.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Liberty Media Corporation Series C Liberty Formula One (FWONK) report earnings?
Liberty Media Corporation Series C Liberty Formula One (FWONK) is schdueled to report earning on May 01, 2026, Before Open (Confirmed).
What is Liberty Media Corporation Series C Liberty Formula One (FWONK) earnings time?
Liberty Media Corporation Series C Liberty Formula One (FWONK) earnings time is at May 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FWONK EPS forecast?
FWONK EPS forecast for the fiscal quarter 2026 (Q1) is -0.07.