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Liberty Media Corporation Series A Liberty Formula One (FWONA)
NASDAQ:FWONA

Liberty Media Liberty Formula One (FWONA) AI Stock Analysis

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FWONA

Liberty Media Liberty Formula One

(NASDAQ:FWONA)

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Neutral 68 (OpenAI - 5.2)
Rating:68Neutral
Price Target:
$97.00
▲(18.22% Upside)
The score is primarily supported by strong cash generation and improved operating performance with manageable leverage. It is tempered by a very expensive valuation (high P/E) and mixed technicals with near-term overbought signals, while the earnings call and the Liberty Live split-off add a positive strategic and growth backdrop despite cost pressure at MotoGP.
Positive Factors
Revenue Growth
Consistent revenue growth demonstrates the company's ability to expand its market reach and enhance its financial performance, supporting long-term business sustainability.
Strategic Partnerships
The partnership with Apple enhances distribution capabilities and market presence, potentially driving further audience engagement and revenue growth.
Cash Generation
Strong cash generation supports liquidity and provides financial flexibility for strategic investments and debt management, bolstering long-term stability.
Negative Factors
Leadership Change
Leadership changes can introduce uncertainty in strategic direction and decision-making, potentially impacting the company's long-term strategic initiatives.
Net Income Volatility
Volatile net income undermines confidence in the company's earnings stability, potentially affecting investor sentiment and long-term financial planning.
MotoGP Cost Pressure
Rising costs in MotoGP can pressure overall profitability, necessitating careful cost management to maintain margins and support sustainable growth.

Liberty Media Liberty Formula One (FWONA) vs. SPDR S&P 500 ETF (SPY)

Liberty Media Liberty Formula One Business Overview & Revenue Model

Company DescriptionFormula 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 constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.
How the Company Makes MoneyLiberty Formula One generates revenue through multiple streams, primarily from race promotion fees, broadcasting rights, advertising, and sponsorship deals. A significant portion of revenue comes from hosting fees paid by race promoters for the rights to host a Grand Prix event. Additionally, the company earns substantial income from selling exclusive broadcasting rights to television networks and digital platforms across the globe. Sponsorship and advertising also play a crucial role, as brands seek to associate themselves with the high-profile sport, leading to lucrative commercial partnerships. Merchandise sales and licensing agreements further contribute to the company's earnings, capitalizing on the sport's global fanbase. These revenue streams are supported by strategic partnerships with racing teams, sponsors, and media companies, enhancing the overall value proposition of Formula One.

Liberty Media Liberty Formula One Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 04, 2026
Earnings Call Sentiment Positive
The earnings call presented a positive outlook with significant achievements in sponsorship deals, strategic partnerships, and revenue growth, particularly in Formula One. However, there were some challenges with increased costs in MotoGP affecting OIBDA and the impact of having fewer races on financial comparisons. Overall, the highlights outweigh the lowlights.
Q3-2025 Updates
Positive Updates
Strong Financial Performance in Formula One
Formula One's revenue is up 9% and adjusted OIBDA is up 15% year-to-date, with growth across all revenue streams despite having one fewer race.
Successful Sponsorship and Media Rights Deals
F1 renewed with global partner Heineken and signed a landmark distribution partnership with Apple in the U.S. Additionally, there is growth in sponsorship with Hello Kitty, Pottery Barn, and other consumer names.
MotoGP Strategic Investments
Early days in identifying partnership areas between Formula 1 and MotoGP, with a focus on enhancing the Grand Prix experience and scaling sponsorship.
Strong Attendance and Engagement at F1 Events
F1 events saw 5.8 million attendees with a 4% increase, record female and under-35 attendees, and a sold-out Paddock Club for the remainder of the season.
Debt Refinancing and Strong Liquidity
Successful refinancing of MotoGP's debt and F1's incremental term loans, reducing interest expenses and extending maturities.
Negative Updates
MotoGP Adjusted OIBDA Decline
MotoGP's adjusted OIBDA declined year-to-date due to increased costs from the mix of races, higher freight and travel expenses, and higher personnel costs.
Fewer Races Impact Financial Comparisons
Having one fewer race impacted F1's year-over-year financial comparisons, with race promotion revenue slightly down despite underlying contract growth.
Company Guidance
In the 2025 Third Quarter Earnings Call for Liberty Media Corporation, several key metrics and strategic updates were highlighted. Liberty Media President and CEO Derek Chang announced the planned split-off of Liberty Live, expected to be completed by December 15, with a shareholder vote on December 5. This move aims to enhance trading dynamics and highlight Liberty's position in Live Nation. Formula One continues to show strong financial performance, with revenue up 9% and adjusted OIBDA up 15% year-to-date despite holding one less race. F1's commercial momentum includes renewing media rights agreements and signing a landmark distribution partnership with Apple in the U.S. MotoGP, acquired on July 3, is focused on expanding its global footprint and enhancing sponsorships, with adjusted OIBDA reflecting elevated costs due to ongoing investments. At quarter-end, Formula One Group had attributed cash and liquid investments of $1.3 billion, and a total debt principal amount of $5.1 billion. The company anticipates continued growth in its cost base to support commercial functions and sponsorship capabilities.

Liberty Media Liberty Formula One Financial Statement Overview

Summary
Liberty Media's Liberty Formula One exhibits strong revenue growth and a solid balance sheet, but faces challenges with profitability due to recent net losses. Cash flow management is robust, supporting operations effectively.
Income Statement
68
Positive
Liberty Media's Liberty Formula One shows a mixed performance in its income statement. The revenue growth from 2020 to the TTM is strong, with a notable increase from $1.145 billion in 2020 to $3.513 billion in TTM. However, the company posted a net loss in the most recent period, leading to a negative net profit margin. While gross profit margin remains healthy, the negative net income indicates challenges in maintaining profitability. The EBIT margin has been volatile but shows improvement over the years.
Balance Sheet
62
Positive
The balance sheet reveals a stable financial structure with a manageable debt-to-equity ratio. The equity ratio is robust, indicating a strong equity base relative to assets. However, the high total debt level could pose potential risks if cash flows are insufficient to cover liabilities. The return on equity has been fluctuating, impacted by the variability in net income.
Cash Flow
84
Very Positive
Cash flow analysis shows a positive trajectory with consistent free cash flow generation in recent years, suggesting effective cash management. The operating cash flow to net income ratio is strong, highlighting efficient conversion of earnings into cash. Despite historical fluctuations, the free cash flow growth rate is positive, reflecting improved operational efficiency.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue4.04B3.65B3.22B2.57B2.14B1.15B
Gross Profit1.33B1.17B982.00M823.00M647.00M171.00M
EBITDA553.00M577.00M666.00M535.00M437.00M-119.00M
Net Income222.00M-30.00M185.00M558.00M-190.00M-596.00M
Balance Sheet
Total Assets16.36B11.76B10.27B11.02B11.66B11.19B
Cash, Cash Equivalents and Short-Term Investments1.29B2.63B1.41B1.73B2.07B1.68B
Total Debt5.16B2.99B2.91B2.95B3.63B3.76B
Total Liabilities7.74B4.37B3.85B4.08B4.72B4.64B
Stockholders Equity7.93B7.39B6.42B6.91B6.34B6.55B
Cash Flow
Free Cash Flow1.25B492.00M193.00M243.00M464.00M-160.00M
Operating Cash Flow1.30B567.00M619.00M534.00M481.00M-139.00M
Investing Cash Flow-3.14B-292.00M-510.00M394.00M-600.00M75.00M
Financing Cash Flow1.00B965.00M-435.00M-1.27B512.00M1.16B

Liberty Media Liberty Formula One Technical Analysis

Technical Analysis Sentiment
Negative
Last Price82.05
Price Trends
50DMA
87.29
Negative
100DMA
89.75
Negative
200DMA
88.38
Negative
Market Momentum
MACD
-1.45
Positive
RSI
32.89
Neutral
STOCH
8.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FWONA, the sentiment is Negative. The current price of 82.05 is below the 20-day moving average (MA) of 86.40, below the 50-day MA of 87.29, and below the 200-day MA of 88.38, indicating a bearish trend. The MACD of -1.45 indicates Positive momentum. The RSI at 32.89 is Neutral, neither overbought nor oversold. The STOCH value of 8.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$30.41B16.2017.33%0.75%14.91%9.30%
71
Outperform
$39.65B81.235.82%1.07%56.31%
69
Neutral
$33.54B105.4279.63%5.39%36.94%
68
Neutral
$29.85B131.242.25%9.81%-42.40%
68
Neutral
$70.83B152.351.36%-4.29%
66
Neutral
$29.85B142.792.25%9.81%-42.40%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FWONA
Liberty Media Liberty Formula One
82.05
-0.83
-1.00%
LYV
Live Nation Entertainment
144.43
5.52
3.97%
TKO
TKO Group Holdings
203.27
60.54
42.42%
FWONK
Liberty Media Liberty Formula One
89.28
-1.70
-1.87%
FOXA
Fox
71.99
24.54
51.72%
WBD
Warner Bros
28.58
18.81
192.53%

Liberty Media Liberty Formula One Corporate Events

Business Operations and StrategyDelistings and Listing Changes
Liberty Media Completes Split-Off of Liberty Live
Neutral
Dec 15, 2025

On December 15, 2025, Liberty Media Corporation completed the split-off of its subsidiary, Liberty Live Holdings, Inc., making it an independent, publicly traded company. The split-off involved several agreements, including reorganization, tax sharing, and services agreements, and resulted in Liberty Live Holdings’ shares trading on Nasdaq and OTC Markets. This strategic move allows both companies to focus on their respective market areas, potentially enhancing their operational efficiency and market positioning.

The most recent analyst rating on (FWONA) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
Liberty Media Executes Reverse Exchange with Malone Group
Neutral
Dec 10, 2025

On December 8, 2025, Liberty Media Corporation executed a Reverse Exchange with the Malone Group to maintain John C. Malone’s voting power at 49% in Liberty Formula One. This exchange involved the transfer of 47,297 shares of Series B Liberty Formula One common stock from the JM Trust to the company, in return for an equivalent number of Series C shares, ensuring compliance with the Exchange Agreement and stabilizing the company’s voting structure.

The most recent analyst rating on (FWONA) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Business Operations and StrategyDelistings and Listing Changes
Liberty Media Announces Split-Off of Liberty Live Holdings
Positive
Dec 8, 2025

On December 8, 2025, Liberty Media Corporation and its subsidiary Liberty Live Holdings announced the approval of a split-off, effective December 15, 2025, which will result in Liberty Live Holdings becoming an independent, publicly traded company. This move involves the reattribution of assets and liabilities between the Formula One Group and the Liberty Live Group, each valued at $421.7 million, and the subsequent trading of Liberty Live Holdings’ stocks on Nasdaq and OTC Markets. The split-off is expected to enhance the operational focus and market positioning of both Liberty Media and Liberty Live Holdings.

The most recent analyst rating on (FWONA) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Liberty Media Announces Equity Awards for Key Executives
Neutral
Dec 5, 2025

On December 3, 2025, Liberty Media Corporation announced equity awards for Robert R. Bennett and Derek Chang, key figures in the company. Bennett was granted options related to his upcoming roles as Executive Chairman of Liberty Media and Chairman of Liberty Live Holdings, contingent on his assumption of these positions. Chang’s equity awards were adjusted to align with the company’s management team, with options granted ahead of schedule and allocated to different tracking stocks. Additionally, John C. Malone’s employment agreement was amended to reflect his transition to Chairman Emeritus, effective January 1, 2026. These strategic changes are part of Liberty Media’s efforts to strengthen its leadership and align executive incentives with company goals.

The most recent analyst rating on (FWONA) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Financial DisclosuresShareholder Meetings
Liberty Media Chairman Interview to Air on CNBC
Neutral
Nov 19, 2025

Liberty Media Corporation announced that an interview with its Chairman, John C. Malone, will be aired on CNBC on November 20, 2025, coinciding with the company’s annual Investor Meeting. The interview is expected to cover the company’s financial performance and future outlook, potentially impacting investor perceptions and market positioning.

The most recent analyst rating on (FWONA) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Business Operations and StrategyShareholder Meetings
Liberty Media Updates Investor Meeting Schedule
Neutral
Nov 14, 2025

On November 13, 2025, Liberty Media Corporation announced an update to the start time of its annual Investor Meeting scheduled for November 20, 2025. The meeting will feature presentations from Liberty Media, Formula 1, MotoGP, and Quint, followed by a Q&A session with company leaders. The event will be webcast, and an archive will be available post-event. Additionally, Formula 1 will host its F1 Business Summit in partnership with Liberty Media and CAA, featuring networking and panel discussions.

The most recent analyst rating on (FWONA) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Executive/Board Changes
Liberty Media Announces Leadership Change in Board
Neutral
Oct 29, 2025

On October 27, 2025, Liberty Media announced that John C. Malone will step down as Chairman of the Board effective December 31, 2025, transitioning to Chairman Emeritus. Robert R. Bennett will succeed him as Chairman starting January 1, 2026. This leadership change is part of a broader board restructuring, reducing its size from nine to eight directors and adjusting committee compositions. Malone’s decision is not due to any disagreement with the company, and he will remain actively involved as a strategic advisor and shareholder, maintaining significant voting power in the company’s stock.

The most recent analyst rating on (FWONA) stock is a Buy with a $106.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Business Operations and StrategyShareholder Meetings
Liberty Media Plans Split-Off for Liberty Live Group
Neutral
Oct 14, 2025

On October 14, 2025, Liberty Media Corporation announced a virtual special meeting for its Series A and B Liberty Live common stockholders on December 5, 2025. The meeting will address a proposal to separate the Liberty Live Group into a separate public company, Liberty Live Holdings, Inc., through a redemptive split-off. This strategic move involves reattributing certain assets and liabilities between the Formula One Group and the Liberty Live Group, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (FWONA) stock is a Buy with a $106.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

Financial DisclosuresShareholder Meetings
Liberty Media Announces Upcoming Investor Meeting
Neutral
Oct 14, 2025

On October 10, 2025, Liberty Media Corporation announced that its annual Investor Meeting will be held on November 20, 2025, with presentations from companies like Formula 1 and MotoGP, and will include discussions on financial performance and outlook. Additionally, the company will host a conference call on November 5, 2025, to discuss third-quarter results, which may impact stakeholders by providing insights into the company’s financial health and future prospects.

The most recent analyst rating on (FWONA) stock is a Buy with a $106.00 price target. To see the full list of analyst forecasts on Liberty Media Liberty Formula One stock, see the FWONA Stock Forecast page.

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.Date of analysis: Dec 31, 2025