Liberty Media Corporation - Liberty Formula One Series C (FWONK) Q3 Earnings and Revenues Surpass Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 12 2024
0mins
Should l Buy FWONK?
Source: NASDAQ.COM
Earnings Performance: Liberty Media Corporation's Formula One Series C reported quarterly earnings of $0.48 per share, exceeding expectations and showing a 60% surprise, while revenues reached $848 million, slightly above estimates but down from the previous year.
Market Outlook: The stock has gained 29% this year, outperforming the S&P 500, but its future performance will depend on management's commentary and earnings estimate revisions, with current consensus for the next quarter at $0.46 EPS on $1.27 billion in revenues.
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Analyst Views on FWONK
Wall Street analysts forecast FWONK stock price to rise
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 84.800
Low
Averages
High
Current: 84.800
Low
Averages
High
About FWONK
Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shift in Consumer Spending: As traditional entertainment categories like cinemas and linear TV lose market share, live formats have shown greater resilience, with 2026 expected to highlight the scarcity value of live platforms that engage deeply with fans and have global reach.
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- Market Comparison: FWONK's RSI of 29.1 is significantly lower than the S&P 500 ETF (SPY) at 55.8, suggesting a more severe oversold condition that may attract investors looking for a rebound.
- Price Fluctuation Range: With a 52-week low of $75.26 and a high of $109.36, the current trading price of $89.44 places FWONK in the middle of its volatility range, potentially offering a buying opportunity for investors.
- Investor Sentiment: While the current RSI indicates oversold conditions, investors should cautiously assess market sentiment and fundamentals to avoid further downside risks before a rebound.
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- Moving Average Insight: The article mentions a link to find other stocks that have recently crossed above their 200-day moving average.
- Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
- Stock Performance Context: The information provided gives a snapshot of FWONK's stock performance within a specific timeframe.
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- World Cup Catalyst: Analysts believe that the 2026 FIFA World Cup, hosted across North America, will serve as a landmark catalyst for global attention on U.S. live entertainment, significantly boosting sports engagement and generating spillover effects across the industry.
- Shift in Consumer Spending: As traditional entertainment categories like cinemas and linear TV lose market share, live formats have shown greater resilience, with 2026 expected to highlight the scarcity value of live platforms that engage deeply with fans and have global reach.
- Liberty F1 Upgrade: The analyst upgraded Liberty Formula One to Outperform, arguing that 2026 will present multiple structural and event-driven tailwinds for the company, particularly in media rights negotiations and profitability recovery at key events like the Las Vegas Grand Prix.
- Positive Outlook for Live Nation and TKO: Analysts reiterated a positive view on Live Nation and TKO Group as core beneficiaries of strong live entertainment fundamentals, with 2026 expected to focus on execution and potential upside from media rights and partnership revisions.
See More
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- Oversold Signal: Liberty Media Corp (FWONK) shares fell to $89.14 on Wednesday, with an RSI of 29.1, indicating that the recent heavy selling may be nearing exhaustion, prompting investors to consider buying opportunities.
- Market Comparison: FWONK's RSI of 29.1 is significantly lower than the S&P 500 ETF (SPY) at 55.8, suggesting a more severe oversold condition that may attract investors looking for a rebound.
- Price Fluctuation Range: With a 52-week low of $75.26 and a high of $109.36, the current trading price of $89.44 places FWONK in the middle of its volatility range, potentially offering a buying opportunity for investors.
- Investor Sentiment: While the current RSI indicates oversold conditions, investors should cautiously assess market sentiment and fundamentals to avoid further downside risks before a rebound.
See More
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- Wealth Surge: Elon Musk's wealth increased by $187 billion in 2025, ending the year with a net worth of $619 billion, making him the first person to surpass $600 billion, highlighting his significant influence in the electric vehicle and aerospace sectors.
- Tesla Stock Performance: Tesla's stock rose by 18.6% in 2025, providing strong support for Musk's wealth growth, with a new pay package potentially awarding him nearly $1 trillion in shares, further accelerating his financial ascent.
- Potential SpaceX IPO: SpaceX is expected to pursue an IPO that could value the company at $1.5 trillion, bringing Musk closer to the goal of becoming the world's first trillionaire, reflecting his strategic positioning in the aerospace industry.
- Sports Team Valuation Comparison: Musk's wealth exceeds the combined valuation of all teams in the four major North American sports leagues, totaling $536.825 billion, illustrating the relative scale of his immense fortune and his potential influence in investment circles.
See More
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- Attractive Valuation: Wells Fargo upgraded ConocoPhillips to Overweight with a price target raised to $132, primarily based on an increase in dividend growth assumptions, reflecting the company's compelling valuation appeal within the oil and gas sector.
- Investment Opportunity: Bernstein upgraded Liberty Formula One to Outperform, advising investors to buy the dip, as favorable deal-making is anticipated to drive upward revisions in earnings estimates, showcasing the company's potential growth avenues in the market.
- Cloud Infrastructure Transformation: Morgan Stanley upgraded Akamai to Overweight, noting that its evolution from a content delivery provider to a cloud infrastructure and security platform is approaching an inflection point, underscoring the strategic significance of the company's technological advancements.
See More
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- 52 Week Range: FWONK's stock has a 52-week low of $75.26 and a high of $109.36, with the last trade recorded at $97.17.
- Moving Average Insight: The article mentions a link to find other stocks that have recently crossed above their 200-day moving average.
- Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
- Stock Performance Context: The information provided gives a snapshot of FWONK's stock performance within a specific timeframe.
See More
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- Stock Trading Arrangements: Liberty Live Holdings' Series A and Series C common stocks are set to begin trading on the Nasdaq on December 16, 2025, while Series B stocks are expected to quote on the OTC Markets starting December 17, providing diverse investment options for shareholders.
- Share Structure: Post-split, Liberty Live Holdings has approximately 25.6 million shares of Series A, 2.5 million shares of Series B, and 63.8 million shares of Series C common stock outstanding, enhancing the transparency and attractiveness of its capital structure.
- Asset Reallocation: In conjunction with the split-off, Liberty Media reattributed certain assets and liabilities between the Formula One Group and Liberty Live Group, aiming to optimize resource allocation to support future growth.
See More
