Formula One Group (FWONK)

NASDAQ: FWONK · Real-Time Price · USD
91.59
+3.09 (3.49%)
Dec 4, 2024, 4:00 PM EST - Market closed
3.49%
Market Cap 22.78B
Revenue (ttm) 3.72B
Net Income (ttm) 278.00M
Shares Out 248.71M
EPS (ttm) 1.15
PE Ratio 79.37
Forward PE 107.31
Dividend n/a
Ex-Dividend Date n/a
Volume 2,051,748
Open 88.68
Previous Close 88.50
Day's Range 88.22 - 93.56
52-Week Range 61.23 - 93.56
Beta 1.12
Analysts Buy
Price Target 89.33 (-2.47%)
Earnings Date Nov 7, 2024

About FWONK

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 a... [Read more]

Industry Entertainment
Founded 1950
Country United States
Stock Exchange NASDAQ
Ticker Symbol FWONK
Full Company Profile

Financial Performance

In 2023, Formula One Group's revenue was $3.22 billion, an increase of 25.22% compared to the previous year's $2.57 billion. Earnings were $185.00 million, a decrease of -66.85%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for FWONK stock is "Buy." The 12-month stock price forecast is $89.33, which is a decrease of -2.47% from the latest price.

Price Target
$89.33
(-2.47% downside)
Analyst Consensus: Buy
Stock Forecasts

News

EU to decide on F1 owner Liberty Media's MotoGP deal by Dec. 19

Formula One's U.S.-based owner Liberty Media's planned takeover of MotoGP's parent company Dorna will be decided by EU antitrust regulators by Dec. 19, a European Commission filing showed.

15 days ago - Reuters

Liberty Media's next generation may not be in the media business, says chairman John Malone

John Malone, Liberty Media chairman, joins 'Squawk on the Street' to discuss what is to come with Liberty Media's ownership of Formula One, what the next generation of Liberty Media looks like, and mu...

Other symbols: LLYVALLYVK
20 days ago - CNBC Television

Liberty Media's Greg Maffei on stepping down as CEO, spinning off of assets

Greg Maffei, Liberty Media CEO, joins 'Squawk on the Street' to discuss why Maffei is deciding to stop down as CEO, what's next for Maffei, and insights into the Liberty Broadband deal.

Other symbols: LLYVALLYVK
20 days ago - CNBC Television

F1 Owner Liberty Media To Spin Off Entertainment Assets as CEO Steps Down

Liberty Media (FWONA, FWONK, LLYVA, LLYVK) said it plans to spin off most of its entertainment assets besides Formula One into a separately traded entity, Liberty Live, and announced CEO Greg Maffei i...

21 days ago - Investopedia

John Malone Moves to Simplify Empire with Liberty Live Spinoff

Liberty Media's CEO will step down as the company splits its Live Nation and Quint holdings from the motor sport businesses.

Other symbols: LLYVALLYVK
21 days ago - WSJ

Liberty Media to spin off assets, CEO Greg Maffei to step down at year-end

CNBC's David Faber joins 'Squawk Box' with the latest news.

Other symbols: LLYVALLYVK
21 days ago - CNBC Television

Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end

Liberty Media is spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live. CEO Greg Maffei is stepping down at year-end.

Other symbols: LLYVALLYVK
21 days ago - CNBC

Liberty Media Corporation Announces Plan to Split Off Liberty Live Group

ENGLEWOOD, Colo.--(BUSINESS WIRE)--LIBERTY MEDIA CORPORATION ANNOUNCES PLAN TO SPLIT OFF LIBERTY LIVE GROUP.

Other symbols: LLYVALLYVK
21 days ago - Business Wire

Atlanta Braves Holdings Announces Derek Schiller will Participate in Liberty Media Corporation's Annual Investor Meeting

ATLANTA--(BUSINESS WIRE)--Atlanta Braves Holdings, Inc. (Nasdaq: BATRA, BATRK) today announced that Derek Schiller, President and CEO of the Atlanta Braves will participate in Liberty Media Corporatio...

Other symbols: BATRA
22 days ago - Business Wire

Formula One Group (FWONK) Q3 2024 Earnings Conference Call Transcript

Formula One Group (FWONK) Q3 2024 Earnings Conference Call Transcript

27 days ago - Seeking Alpha

Liberty Media Corporation Reports Third Quarter 2024 Financial Results

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Reports Third Quarter 2024 Financial Results.

27 days ago - Business Wire

Formula One Group: IP Moats Are Not Recognized For Their Value

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 r...

4 weeks ago - Seeking Alpha

Liberty Media Corporation Announces Annual Investor Meeting

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Announces Annual Investor Meeting.

Other symbols: LLYVALLYVK
6 weeks ago - Business Wire

Liberty Media Corporation Announces Third Quarter Earnings Release and Conference Call

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (NASDAQ: FWONA, FWONK, LLYVA, LLYVK) will host a conference call to discuss results for the third quarter of 2024 on Thur...

Other symbols: LLYVALLYVK
7 weeks ago - Business Wire

Liberty Media Corporation Announces Refinancing and Maturity Extension of Formula 1 Debt Facilities and Incremental Funding Related to MotoGP™ Acquisition

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (Nasdaq: FWONA, FWONK, LLYVA, LLYVK) announced today that it closed the refinancing of the first lien Term Loan B and the matur...

Other symbols: LLYVALLYVK
2 months ago - Business Wire

Liberty Media Corporation Closed Offering of Series C Liberty Formula One Common Stock

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Closed Offering of Series C Liberty Formula One Common Stock.

3 months ago - Business Wire

Formula One Group (FWONK) Q2 2024 Earnings Call Transcript

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 Execu...

4 months ago - Seeking Alpha

Formula One Group (FWONA) Q2 2024 Earnings Call Transcript

Formula One Group (NASDAQ:FWONA) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Clare Adams - Senior Manager, Investor Relations Greg Maffei - President & Chief Exec...

4 months ago - Seeking Alpha

Liberty Media Corporation Reports Second Quarter 2024 Financial Results

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Reports Second Quarter 2024 Financial Results.

4 months ago - Business Wire

Liberty Media Corporation Announces Virtual Special Meeting of Stockholders and Expected Closing Date of Transaction with Sirius XM

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Announces Virtual Special Meeting of Stockholders and Expected Closing Date of Transaction with Sirius XM.

4 months ago - Business Wire

Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Announces Second Quarter Earnings Release and Conference Call.

5 months ago - Business Wire

Liberty Media Corporation to Hold Virtual Annual Meeting of Stockholders

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation to Hold Virtual Annual Meeting of Stockholders.

7 months ago - Business Wire

Formula One Group (FWONK) Q1 2024 Earnings Call Transcript

Formula One Group (NASDAQ:FWONK) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Clare Adams - Senior Manager, Investor Relations Greg Maffei - President & Chief Executi...

7 months ago - Seeking Alpha

Liberty Media Corporation Reports First Quarter 2024 Financial Results

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation Reports First Quarter 2024 Financial Results.

7 months ago - Business Wire

Liberty Media Corporation to Present at MoffettNathanson Media, Internet & Communications Conference

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation to Present at MoffettNathanson Media, Internet & Communications Conference.

7 months ago - Business Wire