Liberty Media Corporation Series A Liberty Formula One (FWONA)
NASDAQ:FWONA
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.3Last Year’s EPS
1.52Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum across Liberty Media's core assets, particularly Formula One, with significant top-line and adjusted OIBDA growth, expanding audiences, and meaningful partner wins (Apple, Sky, major sponsors). MotoGP showed encouraging early progress under Liberty ownership with growing engagement and sponsorship traction. Offsetting these positives were near-term disruptions from canceled/postponed Middle East races, some cost pressures (freight, fuel, SG&A/FX), a modest corporate level loss, and a relatively high debt balance that could be sensitive to calendar volatility. Overall, the positives (robust revenue/OIBDA growth, audience expansion, strategic media and sponsorship deals, healthy liquidity) outweigh the near-term operational challenges and calendar uncertainty.Company Guidance
Strong Q1 Financial Growth
Consolidated revenue grew 53% year-over-year in Q1 and adjusted OIBDA increased 102% year-over-year, driven by an extra race in the quarter, season-based revenue recognition, contractual fee increases, and growth across media, sponsorship, hospitality, licensing, and premium products.
Formula One Audience and Engagement Expansion
F1 reported notable audience growth and engagement: over 120 million social media followers (nearly +20% YoY), F1 YouTube content generated almost 600 million views (+46% YoY), Instagram followers up ~30% YoY, 1.3 million live attendees to date with all first four races sold out, and the Australian Grand Prix set a new attendance record.
Media & Distribution Momentum (Apple and Sky)
Apple launched as the exclusive U.S. media rights partner with early signs of higher average viewership across sessions, improved fan demographics (younger and more female), and increased viewing hours. F1 TV revenue increased 28% YoY and Liberty announced multi-year renewals with Sky in the UK (through 2034) and Italy (through 2032).
MotoGP Early Progress and Engagement
MotoGP's first full season under Liberty showed growth: pro forma revenue and adjusted OIBDA increased in Q1 (constant currency basis), U.S. Grand Prix broadcast on FOX averaged 500k viewers (increase vs prior year on cable/broadcast), U.S. social followers up 16% since Jan 2025, nearly 62 million total social followers, and digital video reels up ~40% YoY.
Commercial Momentum and Sponsorship Wins
Continued sponsorship momentum with new and renewed partners including Apple, Standard Chartered, FanDuel, Marsh, Salesforce, Fanatec, and others; promoter and hospitality expansion (Paddock Club capacity increases at Silverstone, Austin, Monza) and record-level deposits for Las Vegas Grand Prix ticketing.
Retail and On-Site Revenue Upside
Retail sales during the quarter rose sharply (overall retail up 125% with China retail up nearly 80% YoY) driven by activations like Disney/F1 stores at Chinese and Japanese Grands Prix and reopening of Grand Prix Plaza in Las Vegas with encouraging weekly attendance and sold-out F1 Drive weekends.
Solid Balance Sheet Liquidity
Liberty Media ended the quarter with $1.3 billion of cash and liquid investments (including $862 million at F1 and $186 million at MotoGP). Revolving credit facilities for F1 ($500 million) and MotoGP (€100 million) were undrawn at quarter end.
Operating Leverage and Team Payments Guidance
Team payments were 51.7% of pre-team share adjusted OIBDA in 2026 Q1. Management expects roughly a 200 basis point improvement in leverage for the full year (consistent with the average over the past four years) and expects the payout percentage to remain relatively stable for the remainder of the Concorde Agreement term.
Liberty Media Liberty Formula One (FWONA) Earnings, Revenues Date & History
FWONA 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
FWONA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $81.67 | $85.71 | +4.95% |
Feb 26, 2026 | $81.59 | $79.96 | -2.00% |
Nov 05, 2025 | $91.43 | $92.11 | +0.74% |
Aug 07, 2025 | $89.16 | $86.47 | -3.02% |
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 A Liberty Formula One (FWONA) report earnings?
Liberty Media Corporation Series A Liberty Formula One (FWONA) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is Liberty Media Corporation Series A Liberty Formula One (FWONA) earnings time?
Liberty Media Corporation Series A Liberty Formula One (FWONA) earnings time is at Jul 31, 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 FWONA EPS forecast?
FWONA EPS forecast for the fiscal quarter 2026 (Q2) is 0.3.