Streetbeat News

FWONA

Formula One Group

https://www.libertymedia.com/companies/formula-one-group.html

Industry

Entertainment

Formula One Group engages in the motorsports business in the United States and internationally. It holds commercial rights for the world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group is a subsidiary of Liberty Media Corporation.

Open

73.99

Mkt cap

25B

Volume

96K

High

75.03

P/E Ratio

70.09

52-wk high

79.67

Low

73.45

Div yield

N/A

52-wk low

55.25

Sirius XM Holdings Inc reported a Q3 revenue decline of 4% to $2.17 billion, missing estimates. Adjusted EPS beat expectations. The company faced a $3.36 billion impairment charge related to Liberty Media, resulting in a net loss of $2.96 billion. Sirius XM revised its annual revenue outlook slightly downwards.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 6:02 pm

Liberty Formula One Gr's short interest has decreased by 8.29%, with 1.66% of shares sold short. This is lower than the peer group average of 8.38%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 3:30 pm

Hot Wheels and Formula 1 have announced a new partnership to launch a limited-edition die-cast line featuring F1 teams. The first product will be available on Mattel Creations, bringing the excitement of F1 racing to fans and collectors at a 1:64 scale.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:04 pm

LVMH, led by Bernard Arnault, has secured a 10-year sponsorship deal with Formula One, following its significant presence at the Paris Olympics. This move highlights LVMH's strategy to leverage global sports events for brand visibility.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 4:01 pm

Ryan Reynolds' marketing company, Maximum Effort Marketing, co-founded with George Dewey and owned by MNTN, plans a 2025 IPO. MNTN, a connected TV advertising company, raised $119 million in 2021 with BlackRock and Fidelity Management leading the round. Reynolds' involvement and the company's viral marketing success could drive growth.

Portfolio Pulse from Chris Katje

September 30, 2024 | 4:42 pm

Liberty Media and Sirius XM have completed their split-off and merger, resulting in Sirius XM becoming an independent public company. Sirius XM will trade under the symbol 'SIRI' on the Nasdaq starting September 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 10:04 pm

Liberty Media and Sirius XM have announced the final exchange ratio for their split-off, where Liberty SiriusXM shareholders will receive 0.8375 shares of new Sirius stock per share. This will be followed by a merger creating a new public company trading under the symbol 'SIRI'.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 12:20 pm

Formula 1 is planning to host a lender presentation for a proposed $850 million Term Loan B on September 3, 2024. Liberty Media Corporation disclosed that Formula 1's operating business cash and equivalents are approximately $1.457 billion as of August 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 1:10 pm

Liberty Formula One Gr (NYSE:FWONA) has seen a 20.31% decrease in short interest, with 354,000 shares sold short, representing 1.53% of its float. This is lower than its peers' average short interest of 7.47%.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 4:30 pm

Liberty Media shareholders have approved a redemptive split-off of Liberty SiriusXM Holdings. The new Sirius will merge with Sirius XM Holdings to form a new public company under the Sirius XM name.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:48 pm

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