Profile
Sector:
Communication ServicesIndustry:
EntertainmentCountry:
United StatesIPO:
08 July 2014Website:
http://www.libertymedia.comNext earnings report:
28 February 2025Last dividends:
20 July 2023Next dividends:
N/APrice
after hours | 79 min agoAnalysts recommendations
Institutional Ownership
FWONK Latest News
Liberty Media Corporation - Liberty Formula One Series C (FWONK) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.39 per share a year ago.
Formula One Group (NASDAQ: FWONK) is poised for growth with rising sports media rights, expanded race calendar, and better monetization of sponsorships and digital mediums. F1's exclusive commercial rights, strong IP control, and strategic acquisitions like Moto-GP enhance its competitive edge and growth potential. Risks include potential changes in team profit-sharing agreements, reliance on government race fees, and variability in ad sponsorship growth.
Formula One Group (NASDAQ:FWONK ) Q2 2024 Results Conference Call August 8, 2024 10:00 AM ET Company Participants Clare Adams - Senior Manager, Investor Relations Greg Maffei - President & Chief Executive Officer, Liberty Media Corporation Brian Wendling - Chief Accounting & Principal Financial Officer, Liberty Media Corporation Stefano Domenicali - President & Chief Executive Officer Derek Schiller - President & Chief Executive Officer, Atlanta Braves Renee Wilm - Chief Legal Officer & Chief Administrative Officer Conference Call Participants Stephen Laszczyk - Goldman Sachs Barton Crockett - Rosenblatt Securities David Karnovsky - JPMorgan Vijay Jayant - Evercore ISI David Joyce - Seaport Research Partners Ben Swinburne - Morgan Stanley Peter Supino - Wolfe Research Bryan Kraft - Deutsche Bank Operator Welcome to Liberty Media Corporation 2024 Second Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference will be recorded today, August 8.
Sylvia Jablonski, Defiance ETFs, joins ‘Power Lunch' to discuss three stocks: Kellanova, Liberty Media Formula One and Zscaler.
Liberty Media (FWONK) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.35 per share a year ago.
Liberty Media (FWONK) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Renewed revenue growth has been driven by a strategic initiative to target new customers. Netflix's Drive to Survive, new tracks globally, and digital expansion are key growth drivers that have been highly successful.
What type of business is Formula One?
Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One 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. It is also involved in the operation of the Formula 1 Paddock Club hospitality program; and provision of freight, logistical, and travel related services for the teams and other third parties, as well as the F2 and F3 race series. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.
What sector is Formula One in?
Formula One is in the Communication Services sector
What industry is Formula One in?
Formula One is in the Entertainment industry
What country is Formula One from?
Formula One is headquartered in United States
When did Formula One go public?
Formula One initial public offering (IPO) was on 08 July 2014
What is Formula One website?
https://www.libertymedia.com/companies/formula-one-group.html
Is Formula One in the S&P 500?
No, Formula One is not included in the S&P 500 index
Is Formula One in the NASDAQ 100?
No, Formula One is not included in the NASDAQ 100 index
Is Formula One in the Dow Jones?
No, Formula One is not included in the Dow Jones index
When was Formula One the previous earnings report?
No data
When does Formula One earnings report?
The next expected earnings date for Formula One is 28 February 2025