Liberty Media Corporation Series C Liberty Formula One (FWONK)

Over the past six months, Liberty Media Corp. experienced several stock events. On December 15, 2025, the company completed the split-off of Liberty Live Holdings, Inc. On July 3, 2025, Liberty Media completed the acquisition of Dorna Sports, S.L. Liberty Media reported its Q3 2025 earnings on November 5, 2025, posting an EPS of $0.24, missing analysts' expectations of $0.34. The company reported Q2 2025 earnings on August 7, 2025, with an EPS of $1.52, significantly exceeding analyst estimates of $0.72. On October 29, 2025, John C. Malone transitioned to Chairman Emeritus of Liberty Media Corporation. FWONK's stock price reached a 52-week high of $109.36 on October 7, 2025, and recently fell by -2.19% on February 6, 2026.

Demand seasonality for Liberty Media's products and services is primarily influenced by the calendars of its major sporting events. Quint's revenue is seasonal, with its largest events generally occurring during the second and fourth quarters. Primary F1 revenue streams showed growth in the six months ended June 30, 2025, indicating a correlation with the racing season. The Formula 1 World Championship spans approximately nine months, leading to seasonal demand patterns.

Liberty Media Corp. operates in the media, entertainment, and sports industries, with a focus on global motorsports, audio entertainment, and live events. Its core business revolves around the Formula One Group, which holds exclusive commercial rights to the FIA Formula One World Championship and MotoGP after acquiring Dorna Sports, S.L. on July 3, 2025. Historically, Liberty Media had interests in Sirius XM and Live Nation, but completed the split-off of Liberty Live Holdings, Inc. on December 15, 2025.

Liberty Media Corp. has a significant global presence through its Formula 1 and MotoGP assets. While its operational base is in Englewood, Colorado, its motorsports businesses operate worldwide. The company also has operations in North America and the United Kingdom, with a notable portion of its revenue historically derived from the United Kingdom.

Liberty Media's brand reputation, particularly through Formula 1, has remained strong, benefiting from exciting racing and financial momentum driven by new commercial partnerships. Fan numbers for F1 were up 12.2% year-over-year in the first half of 2025, with significant growth in China. The acquisition of MotoGP on July 3, 2025, is expected to positively impact Liberty Media's brand reputation by expanding its motorsports portfolio.

Liberty Media Corp. has significant institutional ownership, with major holders including The Vanguard Group, Inc., BlackRock, Inc., and Principal Financial Group Inc. Institutional investors and hedge funds collectively own a substantial portion of the company's stock, accounting for approximately 95.93% of shares outstanding.