FWONA Research | Milton Maxwell

FWONA

Formula One Group

87.27

+0.15+0.17%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ Feb 26, 2026

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

FY Q3 '25

11/4/25Nov 4, 2025

Key Stats

Market Cap

23.72B

P/E (TTM)

Basic EPS (TTM)

-0.57

Dividend Yield

Recent Filings

8-K

Liberty splits off Live Holdings

12/15/25Dec 15, 2025

Liberty Media completed its split-off of Liberty Live Holdings on December 15, 2025, redeeming all Liberty Live common stock for corresponding shares of the new independent company at 4:05 p.m. ET. Liberty Live now trades separately (LLYVA, LLYVK), holding Live Nation stake, Quint, private assets, and cash, while Liberty retains Formula One focus. Split-off agreements cover taxes, services, facilities, aircraft, and Live Nation rights transfer. Pro forma balance sheet shrinks assets by $2.1B.

8-K

Malone voting power adjusted

12/10/25Dec 10, 2025

Liberty Media executed a Reverse Exchange on December 8, 2025, under its 2021 agreement with Chairman John Malone's trust. The JM Trust swapped 47,297 shares of high-vote FWONB for equivalent low-vote FWONK shares. Malone Group's voting power in Liberty Formula One drops to 49.0%. Unregistered issuance relies on Section 4(a)(2) exemption.

8-K

Split-Off approved, assets swapped

12/8/25Dec 8, 2025

Liberty Media's stockholders approved the Split-Off of Liberty Live Holdings on December 5, 2025, set for 4:05 p.m. ET December 15. Preceding it, a $421.7 million net asset reattribution swaps Formula One Group's QuintEvents, Meyer Shank Racing, and $171.7 million cash for Liberty Live Group's Kroenke Arena, Overtime Sports, and Griffin Gaming. Liberty Live shares delist from Liberty Media, relisting under Liberty Live Holdings December 16. Conditions remain.

8-K

Leadership equity awards granted

12/5/25Dec 5, 2025

Liberty Media granted Vice Chairman Robert Bennett 400,000 FWONB options for his Executive Chairman role effective January 1, 2026, and 100,000 LLYVA options for Liberty Live Chairman duties starting December 15, 2025 post-split-off. CEO Derek Chang received 287,504 FWONK and 88,584 LLYVK options, accelerating 2026-2029 grants with staggered vesting. John Malone shifts to Chairman Emeritus on January 1. Options feature single-trigger vesting on change of control.

8-K

Malone CNBC interview announced

11/19/25Nov 19, 2025

Liberty Media announced an upcoming CNBC interview with Chairman John Malone airing November 20, 2025, ahead of its annual Investor Meeting, potentially covering financial performance, outlook, and forward-looking matters. No specific details disclosed. Furnished under Regulation FD.

About

Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States and the United Kingdom. The company holds commercial rights for the FIA Formula One World Championship, an annual 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 provision of ticket and hospitality packages to sports and entertainment events; licensing, television production, and other ancillary activities; and provision and sale of freight, logistical, and travel services, as well as the operation of Formula 2, Formula 3 and F1 Academy series. The company was founded in 1950 and is headquartered in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.

CEO

Mr. Stefano Domenicali

IPO

1/10/2013

Website

https://www.libertymedia.com/tracking-stocks/formula-one-group

Sector

Communication Services

Industry

Entertainment