Liberty Media Corporation Series C Liberty Formula One (FWONK)

Over the past six months, FWONK experienced several events impacting its stock price. The company reported Q4 2025 and Q1 2026 financial results, with F1 revenue increasing 53% to $617 million and operating income reaching $107 million in Q1 2026. Wells Fargo & Company raised its price target on FWONK to $97.00. Formula One extended broadcast deals with Sky, Foxtel and beIN, and announced new sponsorship agreements with Marsh, FanDuel, and Betway. Liberty Media Corporation presented at the J.P. Morgan Global Technology, Media and Communications Conference on April 23, 2026. Renee Wilm transitioned to Senior Advisor on March 5, 2026. As of May 7, 2026, FWONK's year-to-date total return was -5.11%, and its total return over the past 12 months was -0.06%.

Demand seasonality for Liberty Media Corp.'s products and services is evident, particularly within its Formula One Group assets. Formula 1 revenue is impacted by the number of races held in a given quarter, as primary F1 revenue is derived from race promotion fees, media rights fees, and sponsorship fees. Quint's revenue, which includes premium hospitality offerings for events like F1 Experiences and MotoGP, is seasonal, with its largest events generally occurring during the second and fourth quarters. Similar to Formula 1, MotoGP's revenue is tied to the number of races held, and the postponement of events due to geopolitical tensions can impact quarterly revenue recognition.

Liberty Media Corporation (FWONK) is an American mass media company in the Communication Services sector, specifically the Media - Diversified industry. Headquartered in Englewood, Colorado, it focuses on media and entertainment, with interests in media, entertainment, and sports. FWONK represents the Formula One Group, with its major products and services revolving around global motorsport businesses, including Formula 1 and MotoGP.

Liberty Media Corp. operates in North America and the United Kingdom, with most revenue from the United Kingdom. Formula 1 and MotoGP have a global reach with races and broadcast agreements across various continents.

Liberty Media Corp.'s brand reputation, particularly for Formula 1, is strong, with growing audiences and fan engagement. This is supported by partnership extensions and new sponsorship agreements. The company is proactively expanding MotoGP's commercial reach. There were no explicitly reported negative events significantly impacting Liberty Media Corp.'s reputation in the past year.

The ownership of Liberty Media Corporation Series C Liberty Formula One (FWONK) includes institutional investors holding approximately 65.11% to 90.17% of the stock, with major holders like Vanguard Group Inc. and BlackRock, Inc. Individual investors/public companies hold approximately 14.56% to 20.27% of the stock. Insiders hold a small percentage, around 0.06% to 0.17%. R. Ted Weschler is a significant individual shareholder in Liberty Media Series A (FWONA), holding approximately 30.01% of the company's shares. Berkshire Hathaway Inc. also holds a considerable stake.