Liberty Media Corporation Series C Liberty Formula One (FWONK)
NASDAQ:FWONK
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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 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and commercial momentum across Liberty’s core assets — notably robust Q1 financial results (revenue +53%, adjusted OIBDA +102%), audience and digital growth, successful commercial renewals, and encouraging early results from the Apple U.S. partnership. These positives are balanced against tangible short-term disruption from the cancellation/postponement of Middle East races (calendar reduced to 22 races), near-term revenue recognition impacts (notably a materially affected Q2), elevated SG&A and certain cost pressures (freight, fuel), and a meaningful debt load (~$5B) with net leverage of ~3x. Overall, the company appears resilient with healthy liquidity and strategic momentum, while managing discrete geopolitical and cost-related headwinds that are expected to be largely timing-related.Company Guidance
Strong Consolidated Financial Growth in Q1
Revenue grew 53% year-over-year in Q1 and adjusted OIBDA increased 102% year-over-year, driven by an extra race in the period, favorable season-based revenue recognition, and underlying contractual fee growth across F1 and MotoGP.
Formula One Momentum — Attendance and Demand
F1 reported 1.3 million attendees to date with all four early-season races sold out; the Australian Grand Prix set a new attendance record. Over 65,000 Paddock Club tickets sold (in line with 2025 total), and promoters are increasing premium capacity at Silverstone, Austin and Monza to meet strong demand.
Digital and Broadcast Audience Expansion
F1 TV revenue increased 28% year-over-year. YouTube content generated almost 600 million views through the Japanese Grand Prix (up 46% YoY). F1 social following grew nearly 20% YoY to over 120 million followers as of April; Instagram followers up ~30% YoY in key markets.
Apple U.S. Media Partnership Early Success
Apple's first season as exclusive U.S. media partner produced higher average viewership across track sessions versus last season, increased total viewing hours (versus linear), and attracted a younger, more female audience; Apple-enabled activations (multi-view, data feeds, original programming) enhanced engagement.
MotoGP Early-Stage Growth and Engagement
First full season under Liberty ownership showing progress: MotoGP global social followers ~62 million; U.S. social followers up 16% since January 2025; video reels across digital platforms increased ~40% YoY; U.S. Grand Prix broadcast on FOX averaged ~500k viewers and Brazil Sprint/GP averaged >1.6 million viewers.
Commercial Momentum and Strategic Renewals
Notable sponsorship and distribution wins and extensions: new and renewed partners include Apple, Sky (UK through 2034 and Italy through 2032), FanDuel, Marsh, Salesforce extension, Fanatec extension, and local broadcaster renewals (beIN, Foxtel, ServusTV, Quint).
Reopened Grand Prix Plaza and Other Revenue Streams
Grand Prix Plaza in Las Vegas reopened in January with encouraging early performance; corporate rental revenue recorded $6 million for the quarter. Licensing and retail performed strongly (China retail sales up ~80% YoY in quarter; overall retail sales up 125% at certain events).
Solid Liquidity and Covenant Compliance
Liberty Media reported $1.3 billion of cash and liquid investments at quarter end ($862M at F1, $186M at MotoGP). Revolving credit facilities (F1 $500M, MotoGP €100M) remained undrawn and both F1 and MotoGP were in compliance with debt covenants.
Operational Improvements and Long-Term Leverage Outlook
Team payments as a percent of pre-team share adjusted OIBDA were 51.7% for 2026; management expects an average ~200 basis point improvement in leverage for the full year, consistent with recent multi-year trends, and expects payout percentage to remain relatively stable after 2026 under the Concorde Agreement.
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 |
|---|---|---|---|
May 07, 2026 | $88.66 | $93.48 | +5.44% |
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% |
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 Jul 31, 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 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 FWONK EPS forecast?
FWONK EPS forecast for the fiscal quarter 2026 (Q2) is 0.3.