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Wednesday 4 November 2026
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Liberty Media Corporation - Liberty Formula One Series A
FWONA Communication Services Entertainment
Liberty Media Corporation - Liberty Formula One Series A’s revenue for fiscal 2022 (year ended December 2022) was $2.6 billion.
90.95
3.11
+3.54%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 1,827 | 2,022 | 1,145 | 2,136 | 2,573 | — | — | — | 2,746 | +8.9% | — | — | — | — | |
| Gross margin, % | — | — | 5.15 | 8.65 | (23.58) | 11.70 | 17.92 | — | — | — | 19.48 | +12.8 pt | ||||||
| EBT | — | — | (200) | (401) | (706) | (157) | 251 | — | — | — | 223 | n/m | ||||||
| EBT margin, % | — | — | (10.95) | (19.83) | (61.66) | (7.35) | 9.76 | — | — | — | 8.12 | +20.7 pt | ||||||
| Net income | — | — | (150) | (311) | (596) | (190) | 558 | — | — | — | 0 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 7.91 | 8.75 | 4.94 | 9.21 | 11.04 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | |||||
| Earnings | — | — | (0.65) | (1.35) | (2.57) | (0.82) | 2.39 | 0.79 | (0.13) | 2.41 | 1.04 | n/m | ||||||
| Cash flow | — | — | 1.16 | 1.27 | (0.60) | 2.07 | 2.29 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Capex | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Free cash flow | — | — | 1.16 | 1.27 | (0.60) | 2.07 | 2.29 | 0.00 | 0.00 | 0.00 | 0.00 | n/m | ||||||
| Book value | — | — | 24.03 | 22.68 | 28.23 | 27.33 | 29.66 | 0.00 | 0.00 | 0.00 | 27.08 | n/m | ||||||
| Shares, m | — | — | 231 | 231 | 232 | 232 | 233 | 234 | 231 | 250 | — | +1.1% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 36.27 | 36.27 | 36.27 | 36.27 | 36.27 | — | — | — | 84.42 | 36.3 | |||||
| P/S | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 7.48 | 0.0 | ||||||
| P/B | — | — | 1.79 | 1.79 | 1.79 | 1.79 | 1.77 | — | — | — | 3.02 | 1.8 | ||||||
| EV/Sales | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 7.98 | 0.0 | ||||||
| EV/FCF | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 32.62 | 0.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 268 | 294 | (139) | 481 | 534 | — | — | — | 672 | +18.8% | |||||
| Capex | — | — | (14) | (44) | (21) | (17) | (291) | — | — | — | — | +113.5% | ||||||
| Free cash flow | — | — | 268 | 294 | (139) | 481 | 534 | — | — | — | 672 | +18.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | (50) | 322 | 1,572 | 1,073 | 1,190 | — | — | — | 790 | n/m | |||||
| Net debt | — | — | 4,879 | 5,090 | 2,132 | 1,557 | 1,214 | — | — | — | 1,427 | (29.4%) | ||||||
| Shareholders’ equity | — | — | 5,550 | 5,239 | 6,550 | 6,340 | 6,910 | — | — | — | 6,813 | +5.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | 0.00 | (2.76) | (5.25) | (1.66) | 4.92 | 3.36 | 0.00 | 0.00 | 0.00 | 0.0 pt | |||||
| ROIC | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 0.00 | 0.0 pt | ||||||
| ROE | — | — | 0.00 | (5.77) | (10.11) | (2.95) | 8.42 | 0.00 | 0.00 | 0.00 | 7.74 | 0.0 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2022 · latest quarter Mar 2023 · fundamentals updated 26 Oct 2026
Business profile
Liberty Media Corporation - Liberty Formula One Series A vs peers in Entertainment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TKO TKO Group Holdings, Inc. | $35.4B | 62.5× | 40.7× | +18.24% (above 0%: growing) | +13.33% (above 0%: growing) | −6.77% (below 0%: shrinking) | 64.05% | 27.78% | Compare |
| FOXA Fox Corporation | $26.7B | 14.2× | 10.6× | +22.28% (above 0%: growing) | +69.39% (above 0%: growing) | +314.96% (above 0%: growing) | 48.30% | 33.32% | Compare |
| FOX Fox Corporation | $26.6B | 12.7× | 10.6× | +22.28% (above 0%: growing) | +66.67% (above 0%: growing) | +314.96% (above 0%: growing) | 48.30% | 0.00% | Compare |
| FWONA Liberty Media Corporation - Liberty Formula One Series A | $23.8B | 84.4× | — | +24.06% (above 0%: growing) | −98.69% (below 0%: shrinking) | +35.16% (above 0%: growing) | 20.97% | 0.00% | |
| FWONK Liberty Media Corporation - Liberty Formula One Series C | $23.8B | 91.8× | 89.9× | +24.06% (above 0%: growing) | −98.69% (below 0%: shrinking) | +35.16% (above 0%: growing) | 20.97% | 0.00% | Compare |
| ROKU Roku, Inc. | $23.1B | 46.4× | 52.9× | +24.07% (above 0%: growing) | +623.53% (above 0%: growing) | +72.39% (above 0%: growing) | 43.18% | 10.92% | Compare |
| NWSA News Corporation | $16.4B | 28.6× | 22.7× | +10.81% (above 0%: growing) | −74.81% (below 0%: shrinking) | +759.38% (above 0%: growing) | 57.60% | 12.62% | Compare |
| NWS News Corporation | $16.3B | 31.2× | — | +10.81% (above 0%: growing) | −74.81% (below 0%: shrinking) | +759.38% (above 0%: growing) | 57.60% | 12.62% | Compare |
| WMG Warner Music Group Corp. | $16.3B | 24.3× | 21.4× | +10.36% (above 0%: growing) | n/m | +1,528.57% (above 0%: growing) | 45.82% | 16.36% | Compare |
| Median of peers | $23.4B | 29.9× | 22.7× | +20.26% | +13.33% | +314.96% | 48.30% | 12.62% |
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
99.98%
Held by the ten largest
38.08%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 22.98m | 9.26% | −627.14k |
| BlackRock | 15.09m | 6.08% | −71.84k |
| Jupiter Topco | 10.09m | 4.06% | +10.09m |
| Principal Financial | 9.49m | 3.82% | −972.20k |
| Morgan Stanley | 7.91m | 3.19% | −890.31k |
| Bank of America | 6.68m | 2.69% | +1.53m |
| Ruane, Cunniff & Goldfarb L.P. | 5.92m | 2.38% | −161.84k |
| State Street | 5.66m | 2.28% | +223.00k |
| Manulife | 5.46m | 2.20% | +638.97k |
| NAYA CAPITAL MANAGEMENT UK LTD | 5.29m | 2.13% | +859.79k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Liberty Media Corporation - Liberty Formula One Series A (FWONA) Latest News
26 Oct
25 Oct
22 Oct
6 Aug
14 May
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7 May
FWONA metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Piotroski F-score
- Beneish M-score
Liberty Media is a motorsport and live entertainment company whose principal businesses are Formula 1 and MotoGP. Formula 1 holds the exclusive commercial rights to the FIA Formula One World Championship, a car racing series. MotoGP holds the exclusive commercial rights to the FIM Grand Prix World Championship, a motorcycle racing series. Liberty wholly owns Formula 1 and owns a majority interest in MotoGP.
Rather than manufacture race cars or employ the drivers, Formula 1 develops and sells the championship’s commercial rights. Its customers include race promoters that pay to host events, broadcasters that license races for their audiences, and sponsors that buy advertising and association with the sport. Formula 1 also sells hospitality, subscriptions to its own streaming service and other services. MotoGP operates a similar model for motorcycle racing.