Liberty Media Corporation Series A Liberty Formula One (FWONA)
NASDAQ:FWONA
Want to see FWONA full AI Analyst Report?
Top Page
Liberty Media Liberty Formula One
(NASDAQ:FWONA)
Select Model
Select Model
Rating:60Neutral
Price Target:
$86.00
▲(3.29% Upside)
Action:ReiteratedDate:04/25/26
The score is primarily held back by financial-statement volatility and a concerning 2025 annual datapoint (zero revenue and unusual balance-sheet figures), despite strong underlying cash generation. Earnings-call commentary was constructive with solid F1/MotoGP growth metrics and a clear deleveraging focus, while technicals are mixed and valuation is relatively expensive (P/E ~40 with no dividend yield provided).
Positive Factors
Cash Generation
Consistent positive operating cash flow since 2021 and improved free cash flow in 2024 provide durable internal funding. That cash flexibility supports investment in commercial growth, targeted deleveraging, and cushions seasonality and quarter-to-quarter race‑mix volatility without relying solely on external financing.
Negative Factors
High Absolute Debt
A $5.0B principal debt load limits financial flexibility and raises interest and refinancing risk, especially if commercial revenues or margins weaken. Even as leverage ratios improve, absolute debt increases sensitivity to cyclical swings in event revenues and raises capital costs for future investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent positive operating cash flow since 2021 and improved free cash flow in 2024 provide durable internal funding. That cash flexibility supports investment in commercial growth, targeted deleveraging, and cushions seasonality and quarter-to-quarter race‑mix volatility without relying solely on external financing.
Read all positive factors
Liberty Media Liberty Formula One (FWONA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.54B
Dividend YieldN/A
Average Volume (3M)178.06K
Price to Earnings (P/E)40.3
Beta (1Y)0.57
Revenue Growth23.95%
EPS GrowthN/A
CountryUS
Employees6,667
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.33
Shares Outstanding23,991,058
10 Day Avg. Volume137,907
30 Day Avg. Volume178,061
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)2.88
Price to Sales (P/S)4.99
P/FCF Ratio29.75
Enterprise Value/Market Cap1.10
Enterprise Value/Revenue5.28
Enterprise Value/Gross Profit16.99
Enterprise Value/Ebitda18.34
Forecast
1Y Price Target
$107.00Price Target Upside28.51% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.53
Revenue Forecast (FY)$4.68B
Liberty Media Liberty Formula One Business Overview & Revenue Model
Company Description
Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the cons...
How the Company Makes Money
Formula One generates revenue primarily by commercializing the championship’s global rights and event-related economics. The largest revenue stream is typically media rights, where F1 licenses live race broadcasting and related content rights to b...
Liberty Media Liberty Formula One Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call emphasized broad top-line growth, strong fan and digital engagement trends, successful strategic transactions (MotoGP acquisition and Liberty Live split-off), and improving leverage metrics. Management acknowledged rising operating and SG&A costs, race-mix variability, and a meaningful debt load (particularly at MotoGP) but outlined a clear plan to continue deleveraging and to invest in long-term commercial initiatives. Overall, the positive operational momentum, sizable audience and engagement gains, and improving leverage outweigh the noted challenges.Positive Updates
Strong Full-Year Financial Performance at F1
Formula One revenue grew 14% year-over-year and adjusted OIBDA grew 20% for full-year 2025, driven by growth across sponsorship, media rights (including F1 TV), race promotion, hospitality and licensing.
Negative Updates
Elevated Absolute Debt Load
Liberty Media's principal amount of debt was $5.0 billion at year-end (F1 $3.4 billion, MotoGP $1.2 billion, corporate $499 million), representing a meaningful leverage footprint despite improvement in leverage ratios.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year Financial Performance at F1
Formula One revenue grew 14% year-over-year and adjusted OIBDA grew 20% for full-year 2025, driven by growth across sponsorship, media rights (including F1 TV), race promotion, hospitality and licensing.
Read all positive updates
Company Guidance
Liberty’s guidance and near‑term priorities focused on continued deleveraging, disciplined capital allocation, and operational investment: year‑end cash and liquid investments were $1.1B (including $539M at F1 and $197M at MotoGP) versus $5.0B principal debt ($3.4B F1, $1.2B MotoGP, $499M corporate) with undrawn revolvers of $500M (F1) and €100M (MotoGP); OpCo net leverage was 2.8x at F1 (down from 3.3x pro forma) and 4.7x at MotoGP (down from 5.6x), with Liberty overall net leverage 3.6x and both businesses covenant‑compliant, and management said it expects to continue delevering MotoGP this year. Financially, F1 revenue grew 14% and adjusted OIBDA grew 20% in 2025, with full‑year team payments at 59.7% of pre‑team‑share adjusted OIBDA (about 185 bps of leverage vs. 2024) and an approximate 200 bps improvement expected in 2026 (implying ~57.7%), thereafter remaining relatively stable through 2030; corporate revenue was $414M and corporate adjusted OIBDA $5M (including ~ $33M Grand Prix Plaza rent). Operational and commercial guidance emphasized growth/monetization opportunities—F1 attendance 6.75M (+4% y/y), Paddock Club 65,000 guests (+10%), F1 social 150M followers (+~20%) and YouTube 1.65B views (+48%)—and MotoGP momentum with record attendance 3.6M (+21%), a 632M global fan base (+12%), ~61M social followers (added 3M), VideoPass subs +5% and social engagement +61%.Liberty Media Liberty Formula One Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
56
Neutral
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.48B | 3.65B | 3.22B | 2.57B | 2.14B |
| Gross Profit | 1.12B | 1.17B | 982.00M | 823.00M | 647.00M |
| EBITDA | 1.15B | 577.00M | 666.00M | 535.00M | 437.00M |
| Net Income | 555.00M | -30.00M | 185.00M | 558.00M | -190.00M |
Balance Sheet | |||||
| Total Assets | 15.40B | 11.76B | 10.27B | 11.02B | 11.66B |
| Cash, Cash Equivalents and Short-Term Investments | 1.05B | 2.63B | 1.41B | 1.73B | 2.07B |
| Total Debt | 5.12B | 2.99B | 2.91B | 2.95B | 3.63B |
| Total Liabilities | 6.95B | 4.37B | 3.85B | 4.08B | 4.72B |
| Stockholders Equity | 7.76B | 7.39B | 6.42B | 6.91B | 6.34B |
Cash Flow | |||||
| Free Cash Flow | 751.00M | 492.00M | 193.00M | 243.00M | 464.00M |
| Operating Cash Flow | 870.00M | 567.00M | 619.00M | 534.00M | 481.00M |
| Investing Cash Flow | -3.20B | -292.00M | -510.00M | 394.00M | -600.00M |
| Financing Cash Flow | 408.00M | 965.00M | -435.00M | -1.27B | 512.00M |
Liberty Media Liberty Formula One Technical Analysis
Positive
83.26
Price Trends
79.21
Positive
82.03
Positive
86.77
Negative
Market Momentum
1.29
Negative
62.56
Neutral
74.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FWONA, the sentiment is Positive. The current price of 83.26 is above the 20-day moving average (MA) of 79.32, above the 50-day MA of 79.21, and below the 200-day MA of 86.77, indicating a neutral trend. The MACD of 1.29 indicates Negative momentum. The RSI at 62.56 is Neutral, neither overbought nor oversold. The STOCH value of 74.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FWONA.
Liberty Media Liberty Formula One Risk Analysis
Liberty Media Liberty Formula One disclosed 106 risk factors in its most recent earnings report. Liberty Media Liberty Formula One reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Liberty Media Liberty Formula One Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $25.65B | 34.54 | 16.22% | 0.75% | 9.20% | -10.54% | |
62 Neutral | $36.15B | 86.44 | 4.89% | 1.07% | 68.85% | 1638.30% | |
62 Neutral | $21.54B | 44.38 | 10.50% | ― | 23.95% | ― | |
62 Neutral | $67.23B | 98.11 | 2.05% | ― | -5.02% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $21.54B | 40.26 | 10.50% | ― | 23.95% | ― | |
59 Neutral | $36.36B | 66.61 | 157.65% | ― | 8.83% | -107.91% |
* Communication Services Sector Average
FWONA
Liberty Media Liberty Formula One
79.57
-0.98
-1.22%
LYV
Live Nation Entertainment
154.75
22.30
16.84%
TKO
TKO Group Holdings
184.58
23.91
14.88%
FWONK
Liberty Media Liberty Formula One
86.04
-2.63
-2.97%
FOXA
Fox
63.15
13.83
28.04%
WBD
Warner Bros
26.95
18.28
210.84%
Liberty Media Liberty Formula One Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Liberty Media CEO to Present at J.P. Morgan Conference
Positive
Apr 24, 2026
On April 23, 2026, Liberty Media Corporation announced that President and CEO Derek Chang would present at the J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 19, 2026, at 9:25 a.m. E.T. During this appearance, ...
Financial Disclosures
Liberty Media Sets Date for Q1 2026 Results
Neutral
Apr 21, 2026
On April 20, 2026, Liberty Media Corporation announced it would release its first-quarter 2026 results before U.S. markets open on Thursday, May 7, 2026, followed by a conference call at 10:00 a.m. ET. The call will feature prepared remarks and a ...
Shareholder Meetings
Liberty Media Sets Virtual 2026 Annual Stockholder Meeting
Neutral
Mar 9, 2026
Liberty Media Corporation announced on March 6, 2026, that it will hold its virtual Annual Meeting of Stockholders on May 11, 2026, at 11:45 a.m. Mountain Time, with stockholders of record as of 5:00 p.m. New York City time on March 23, 2026 eligi...
Business Operations and StrategyExecutive/Board Changes
Liberty Media Restructures Executive Roles, Wilm Becomes Senior Advisor
Neutral
Mar 6, 2026
On March 5, 2026, Liberty Media Corporation announced that Renee L. Wilm will move from her role as Chief Legal Officer and Chief Administrative Officer of Liberty Media, Liberty Live Holdings, Inc., and Liberty Broadband Corporation to become Sen...
Business Operations and StrategyFinancial Disclosures
Liberty Media CEO to Present at Morgan Stanley Conference
Positive
Feb 25, 2026
On February 24, 2026, Liberty Media Corporation announced that President and CEO Derek Chang would present at the Morgan Stanley Technology, Media Telecom Conference in San Francisco on March 3 at 1:50 p.m. P.T. The appearance places Liberty Medi...
Financial Disclosures
Liberty Media Sets Date for Q4 2025 Earnings Release
Neutral
Jan 26, 2026
On January 23, 2026, Liberty Media Corporation announced it will release its fourth-quarter 2025 results before U.S. markets open on Thursday, February 26, 2026, and will host a conference call at 10:00 a.m. Eastern Time that day, accompanied by a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.