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

80.54

Mkt cap

27B

Volume

115K

High

81.18

P/E Ratio

-667.33

52-wk high

95.33

Low

79.86

Div yield

N/A

52-wk low

57.43

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

Benchmark analyst Matthew Harrigan maintains a Buy rating on Liberty Formula One Group (NASDAQ:FWONA) and raises the price target from $77 to $81.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:54 pm

Liberty Media shares are trading lower following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 2:03 pm

Liberty Formula One Group (NASDAQ:FWONA) reported Q2 sales of $988.00 million, beating the analyst consensus estimate of $984.25 million by 0.38%. This represents a 36.46% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:21 pm

Liberty Formula One Group reported Q2 sales of $988 million, surpassing the estimated $984.25 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:19 pm

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