Liberty Media Corporation Series C Liberty Formula One (FWONK)

In the past six months, Liberty Media completed the acquisition of MotoGP and refinanced F1 debt facilities. The company reported its third-quarter 2025 financial results, with FWONK reporting earnings per share (EPS) of $0.24, missing analysts' consensus estimate of $0.42, although revenue of $1.09 billion surpassed expectations. Analyst ratings have been mixed but generally positive, with a consensus of "Moderate Buy" and an average target price of $112.11. Insider selling has also been noted. Liberty Media announced a virtual special meeting of stockholders for December 5, 2025, to vote on the proposed split-off of Liberty Live Group into a separate public company, expected to be completed on December 15, 2025.

Demand seasonality exists for some of Liberty Media Corp.'s products and services. Quint's revenue is seasonal, driven by events in the second and fourth quarters. Revenue from Formula 1 promotions is recognized on the day of each race, while media rights revenue is recognized pro-rata across the race calendar. The number of races held in a quarter can impact team payments and overall revenue recognition.

Liberty Media Corp. operates in the Entertainment industry, with the Formula One Group being a key player in global motorsports. The company holds commercial rights to the FIA Formula One World Championship and MotoGP. It manages operations such as the Formula 1 Paddock Club, logistical services for racing teams, and the F2 and F3 racing series. Liberty Media also owns QuintEvents and has minority investments in ventures like Meyer Shank Racing and F1 Arcade.

Liberty Media Corp. has a global geographic footprint, with operations spanning North America and the United Kingdom. Its core motorsports businesses, Formula 1 and MotoGP, are inherently international, involving events and audiences worldwide.

Liberty Media's brand reputation, particularly through its Formula 1 asset, appears strong. Formula 1 continues to capitalize on its global popularity, driving record attendance at races and expanding its reach to new and existing fans. Recent events contributing to its reputation include renewed agreements with major Grand Prix locations, a new US broadcast partnership with Apple, and licensing agreements with brands like LEGO, Mattel Hot Wheels, Pottery Barn Kids, Pottery Barn Teen, and Hello Kitty x F1 Academy. The acquisition of MotoGP also highlights the company's commitment to expanding its presence in global motorsports.

Institutional investors hold a significant portion of Liberty Media Corp. (FWONK) stock, with approximately 88.17% of shares owned by institutional investors. Major institutional holders include The Vanguard Group, Inc., BlackRock, Inc., Principal Global Investors, LLC, Janus Henderson Group plc, and T. Rowe Price Group, Inc. Insiders own a smaller percentage, around 0.15% to 0.97% of the company's stock. Public companies and individual investors hold approximately 13.83% to 15.17% of the stock.