AMZNprintsminutestrendsdividendsdrawdownsP/E 28.4macronarrativesvolatilitybuybackssentiment+0.8%marginsMSFTPMI 52.1momentumdividendsflowsPMI 52.1digeststhreadsvolatilityearnings callsvolumesβ 1.24breakoutsnewsflow2s10sliquidityheadlines−1.2%breakoutsnoiseGOOGLbuybacksrevisionstrendsPMI 52.1briefstickersnoiseGDPsentimentchattertranscriptsGOOGLsentimentvolatilitybuybacksMSFTwhispersMETAsessionsyield curves13FfuturesdowngradesPMI 52.1headlinesthe tapeflowsdowngradesfutures+0.8%earnings callstranscriptsclosesgammacatalystsrevisionsvolatilitysentimentchatter+2.41%earnings callssentimentfilingstrends10y 4.21%cyclesbuybackswiresspx 0dtewhisperstickersQ3trendsnewsflowearnings callsWTI 78.2sentimentnoisethreadsrumorsnarrativesFOMCconsensusestimatesmomentumYoY +18%tickersmomentumprintsβ 1.24revisions

momentumheadlines52w hipositioning2s10sfilingstrendsprintstrendsmacrocyclesnoise2s10smacroQ3narrativesheadlinesflowscyclesnarrativesspreadstranscriptsdowngradesupgradeswhisperswhispersminutesthe tapeNDXfuturesminutesyield curves52w hithe tapeFOMCcatalystsbriefsthe tapeNVDAguidancetrends52w hidrawdowns2s10swhispersmomentumdrawdownsbuybacks

PCEliquiditysentimentbreakoutsdowngradesP/E 28.4threadsAAPLSPXvolatilityNDXflowscyclesliquidityestimatesEPS 4.12

FWONA · NASDAQ · Entertainment

Formula One Group Series A

Monetizes Formula 1 and MotoGP through media, race promotion, sponsorship and event services.

$93.42

After-hours close−0.07 (−0.07%)

At close$93.49(−0.64%)

Something off on this page? Send us feedback.

Profile

Formula One GroupFWONACommunication Services

Owns two separately managed global motorsport-rights businesses spanning Formula 1 and MotoGP. Revenue comes from race-promotion fees, media distribution, sponsorship, hospitality, licensing and event services, while operations depend on regulator-granted rights, team participation and a global network of promoters and broadcasters.

Owns Formula 1 and a majority stake in MotoGP, two separately managed global motorsport-rights businesses. Each packages championship access into race-promotion agreements, media distribution, sponsorship, hospitality, licensing and related event services.

Commercial execution centers on building international calendars and event experiences, distributing live content across territories and languages, and connecting global audiences with promoters, broadcasters, sponsors and teams. Formula 1 also operates feeder series and branded digital, production, logistics and travel services.

Formula 1's commercial rights are licensed by the FIA under a long-dated agreement, while Concorde arrangements govern participation, economics and coordination with teams. Calendar delivery depends on promoters and regulators, and portfolio expansion into MotoGP required competition clearance. The business remains shaped by championship-rights continuity, team participation and the availability of global sports-media and sponsorship demand.

Company facts

CEODerek Chang

ListedJan 10, 2013

ExchangeNASDAQ

HeadquartersEnglewood, CO

CountryUnited States

Employees1,674

CIK0001560385

ISINUS5312297717

Key statistics

Market cap$23.41B

EPS (ttm)$1.84

P/E (ttm)50.77

ROE5.9%

P/B3.07

P/S5.40

Dividend yield—

Beta0.24vs XLC 0.42

Year to date +5.0% · Average volume (30d) 133.1K

Analysts

Price target, next 12 months$119.50+27.9%Median of 20 analysts · vs the Aug 28 close

ConsensusBuy15 of 20 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $93.42

High$124.00+32.7%

Median$119.50+27.9%

Low$115.00+23.1%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Rating	Prior target	Target
Aug 14, 2026	Guggenheim	Reiterate	Buy		$124
Aug 14, 2026	Deutsche Bank	Reiterate	Buy	$108	$115
Dec 18, 2025	Deutsche Bank	Target		$83	$108

Earnings

EPS

Estimate$0.60

ReportedDue Nov 4, 2026

Revenue

Estimate$1.24B

ReportedDue Nov 4, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 6, 2026Q2 FY26	$0.24	$0.02	−91.7%	$954.4M	$934.0M	−2.1%	+3.34%
May 7, 2026Q1 FY26	−$0.05	$0.22	+517.3%	$675.9M	$711.0M	+5.2%	+0.28%
Feb 26, 2026Q4 FY25	$0.37	$0.39	+6.2%	$1.55B	$1.61B	+3.6%	+5.52%
Nov 5, 2025Q3 FY25	$0.25	$0.24	−4.6%	$1.04B	$1.09B	+4.6%	+1.74%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$447.0M	$1.34B	$1.09B	$1.61B	$711.0M	$934.0M
Gross profit	$122.0M	$474.0M	$421.0M	$376.0M	$298.0M	$329.0M
Operating income	−$67.0M	$280.0M	$158.0M	$225.0M	$64.0M	$88.0M
Net income	$22.0M	$382.0M	$66.0M	$333.0M	$57.0M	$5.0M
Diluted EPS	$0.05	$1.52	$0.26	$1.33	$0.23	$0.02
Gross margin	27.3%	35.3%	38.8%	23.4%	41.9%	35.2%
Operating margin	-15.0%	20.9%	14.6%	14.0%	9.0%	9.4%

Fiscal years (4-quarter sums)FY21 $2.14B · FY22 $2.57B · FY23 $3.22B · FY24 $3.65B · FY25 $4.48B

Revenue by product · Q2 FY26

Product And Service, Other$162.0M · 100%

Revenue by geography · FY24

United States$335.0M · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.47B · Total debt $4.92B · Total assets $15.88B · Shareholders' equity $7.62B

Dividends

No dividends on record.

Ownership

Institutions 9.40%Insiders —

Shares outstanding 250.61M · Float 242.64M

Insiders — no current Form 4 position.

This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% of company	Form	Filed
Linonia Partners Fund LP	2.50M	9.80% of class	13G	Oct 20, 2025
Linonia Partnership LP	2.12M	0.85%	13F	Aug 14, 2026
Principal Financial Group Inc	1.48M	0.59%	13F	Aug 4, 2026
Norges Bank	1.31M	0.52%	13F	Aug 12, 2026
State of Wisconsin Investment Board	1.20M	0.48%	13F	Aug 14, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.