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

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

Liberty Media has received notification from the Department of Justice's Antitrust Division that an investigation has been opened regarding Formula 1's conduct concerning Andretti Formula Racing's application to enter the FIA Formula One World Championship.

Portfolio Pulse from charles@benzinga.com

August 08, 2024 | 10:13 am

The article highlights the 11 large-cap stocks that were the worst performers from June 1 to June 7. GameStop, NIO, Vistra, Bath & Body Works, VinFast Auto, Vertiv Holdings, Builders FirstSource, E.L.F. Beauty, NICE Ltd, Comfort Systems USA, and Dell Technologies saw significant declines due to various factors including disappointing earnings and other company-specific news.

Portfolio Pulse from Lekha Gupta

June 09, 2024 | 6:04 pm

Benchmark analyst Matthew Harrigan has reiterated a Buy rating on Liberty Formula One Group (NASDAQ:FWONA) and maintained a price target of $77.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 12:56 pm

Liberty Media's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:06 pm

Liberty Formula One Group (NASDAQ:FWONA) reported Q1 earnings of $0.07 per share, surpassing the $0.04 estimate, marking a 112.07% increase from last year's losses. Sales reached $587M, beating the $582.69M estimate, a 54.07% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:25 pm

Formula 1, owned by Liberty Formula One (FWONA, FWONK), halted a Trump fundraiser at the Miami Grand Prix, citing a violation of their suite license agreement. The event's cancellation and the connection to Miami Dolphins owner Stephen Ross, who also owns the Grand Prix, spotlight the race's significance. Ferrari (RACE) unveiled a special car design for the event, celebrating its 70th anniversary in North America. The race, airing on ABC and ESPN+ owned by Disney (DIS), is expected to draw significant viewership. DraftKings (DKNG) lists Max Verstappen as the favorite to win. The growth of Formula 1 in the U.S., partly attributed to Netflix (NFLX), enhances the value of related assets.

Portfolio Pulse from Chris Katje

May 01, 2024 | 7:04 pm

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