Formula One Group Earnings Call Transcripts
Fiscal Year 2026
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F1 and MotoGP delivered strong operational results despite fewer races, with F1 seeing robust digital and hospitality growth and MotoGP achieving higher revenue and engagement. Both segments secured long-term agreements and expanded partnerships, supporting future growth.
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Operational focus remains on growing Formula 1 and MotoGP, with strong momentum in both. Media innovation with Apple and Sky is driving audience and engagement gains, while DTC and licensing strategies expand reach. Sponsorship and event revenues are rising, and MotoGP integration is accelerating with best practices from F1.
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Q1 2026 saw robust revenue and OIBDA growth, driven by additional races and strong fan engagement at both F1 and MotoGP, despite Middle East race cancellations. Media rights, sponsorships, and hospitality revenues surged, with digital and social metrics also up year-over-year.
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The company is focused on Formula One and MotoGP, with strong revenue growth, new media and sponsorship deals, and innovative partnerships like Apple and Netflix. The Las Vegas Grand Prix has enhanced brand value, while MotoGP is set for growth through commercialization and new deals. Financial strength supports disciplined investment.
Fiscal Year 2025
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F1 and MotoGP delivered record growth in revenue, attendance, and digital engagement, with F1 revenue up 14% and Adjusted EBITDA up 20% year-over-year. Strategic priorities were met, including the MotoGP acquisition and new Concorde Agreement, positioning the company for continued expansion and operational excellence.
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Liberty Media completed its simplification, spinning off Liberty Live to focus on Formula One and MotoGP. Formula One saw record financial and fan metrics, new partnerships, and nears a new Concorde Agreement. MotoGP refreshed its brand and expanded globally. Both are set for growth with strong cash flow and focus on innovation.
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Revenue and adjusted OIBDA grew strongly for F1, with robust fan engagement and new commercial deals, while MotoGP saw higher revenue but lower OIBDA due to increased costs. Strategic investments, major partnerships, and leadership changes position both segments for continued growth.
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Recent efforts focused on integrating MotoGP, expanding its global footprint, and leveraging Formula One expertise to accelerate commercialization and sponsorship. Formula One continues to grow through strategic media and race promotion deals, while capital allocation remains disciplined post-acquisition.
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F1 and MotoGP delivered strong financial and operational results, with F1 revenue up 14% and adjusted EBITDA up 21% year-to-date. MotoGP integration is underway, focusing on commercial growth and global expansion, while both segments are targeting leverage reduction and continued investment in fan engagement and sponsorships.
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Formula One is experiencing record growth in attendance, viewership, and cultural relevance, driven by strategic sponsorships, licensing, and media innovation. Expansion into new markets and the upcoming F1 film are expected to further boost global engagement.
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Q1 2025 saw strong operational and fan engagement momentum, with record attendance and digital growth, despite lower revenue and OIBDA due to race calendar timing. Sponsorship and media rights remain robust, and the business is tracking well against internal plans.
Fiscal Year 2024
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Formula One achieved record financial and fan engagement results in 2024, with revenue up 6% and major sponsorships secured for 2025. Operational improvements are underway for the Las Vegas Grand Prix, and the Dorna (MotoGP) acquisition is progressing through regulatory review.
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Liberty is executing a major structural simplification, spinning off Liberty Live and merging Liberty Broadband with Charter to create pure-play, asset-backed companies. Formula 1 and MotoGP are positioned for strong growth, while QVC pivots to live social shopping and Charter focuses on seamless connectivity. Leadership transitions and aggressive capital strategies support future expansion.
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Formula One Group delivered strong year-to-date growth, with revenue up 15% and adjusted OIBDA up 21%. New global sponsorships and robust fan engagement are driving momentum for 2025, while the MotoGP acquisition and Las Vegas Grand Prix remain key variables for year-end results.
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Recent portfolio moves include the MotoGP acquisition, Sirius transaction, and Braves spin-off, with a sharpened focus on live events and sports. F1 and MotoGP are positioned for global growth, while media and sports rights face evolving economics. Live entertainment demand and premium pricing remain strong.
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Liberty Media reported strong Q2 results across SiriusXM, Formula 1, Live Nation, and the Atlanta Braves, with robust revenue growth, record attendance, and high fan engagement. The SiriusXM merger and MotoGP acquisition are progressing, and capital projects are underway.