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Friday 6 November 2026
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Liberty Media Corporation - Liberty Formula One Series C
FWONK Communication Services Entertainment
Liberty Media Corporation - Liberty Formula One Series C’s revenue for fiscal 2022 (year ended December 2022) was $2.6 billion.
106.25
7.32
+7.40%
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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% | 4,746 | 5,264 | 5,650 | +9.1% | |
| 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 | — | — | 40.44 | 40.44 | 40.44 | 40.44 | 40.44 | — | — | — | 102.16 | 40.4 | |||||
| P/S | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 9.05 | 0.0 | ||||||
| P/B | — | — | 2.05 | 2.05 | 2.05 | 2.05 | 1.98 | — | — | — | 3.65 | 2.0 | ||||||
| EV/Sales | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 9.55 | 0.0 | ||||||
| EV/FCF | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 39.04 | 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 C 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. | $35.8B | 63.1× | 40.7× | +18.24% (above 0%: growing) | +13.33% (above 0%: growing) | −6.77% (below 0%: shrinking) | 64.05% | 27.78% | Compare |
| FWONA Liberty Media Corporation - Liberty Formula One Series A | $27.0B | 95.8× | — | +24.06% (above 0%: growing) | −98.69% (below 0%: shrinking) | +35.16% (above 0%: growing) | 20.97% | 0.00% | Compare |
| FOX Fox Corporation | $26.9B | 12.6× | 10.6× | +22.28% (above 0%: growing) | +72.21% (above 0%: growing) | +314.96% (above 0%: growing) | 48.30% | 33.32% | Compare |
| FOXA Fox Corporation | $26.8B | 14.2× | 10.6× | +22.28% (above 0%: growing) | +72.21% (above 0%: growing) | +314.96% (above 0%: growing) | 48.30% | 33.32% | Compare |
| FWONK Liberty Media Corporation - Liberty Formula One Series C | $26.5B | 102× | 89.9× | +24.06% (above 0%: growing) | −98.69% (below 0%: shrinking) | +35.16% (above 0%: growing) | 20.97% | 0.00% | |
| ROKU Roku, Inc. | $23.9B | 46.4× | 52.9× | +24.07% (above 0%: growing) | +625.53% (above 0%: growing) | +72.39% (above 0%: growing) | 43.18% | 10.92% | Compare |
| WMG Warner Music Group Corp. | $16.7B | 24.9× | 21.4× | +10.36% (above 0%: growing) | n/m | +1,528.57% (above 0%: growing) | 45.82% | 16.36% | Compare |
| NWS News Corporation | $14.8B | 26.0× | — | +6.39% (above 0%: growing) | +45.00% (above 0%: growing) | +160.00% (above 0%: growing) | 56.69% | 0.00% | Compare |
| NWSA News Corporation | $14.8B | 23.9× | 22.7× | +6.39% (above 0%: growing) | +45.00% (above 0%: growing) | +160.00% (above 0%: growing) | 56.69% | 0.00% | Compare |
| Median of peers | $25.4B | 25.5× | 22.0× | +20.26% | +45.00% | +160.00% | 48.30% | 13.64% |
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 C (FWONK) Latest News
26 Oct
6 Aug
8 May
15 Apr
FWONK 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 global car-racing series. MotoGP holds the exclusive commercial rights to the FIM Grand Prix World Championship, a global motorcycle-racing series. Derek Chang is Liberty’s president and chief executive officer.
The businesses sell race-hosting rights to promoters, broadcast rights to media companies and advertising and sponsorship packages to brands. They also sell hospitality experiences and subscriptions to their own streaming services. Formula 1 operates the Paddock Club hospitality program, while MotoGP offers its own event hospitality programs. Both businesses also generate revenue from supporting race series, licensing and services associated with events.