Formula One Group Series C
Owns Formula 1 and MotoGP commercial rights across global motorsport calendars.
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Profile
Owns Formula 1 and a majority stake in MotoGP, monetizing global motorsport through race-promotion, media-rights and sponsorship agreements. Operations span international race calendars, while contract renewals depend on championship popularity and team participation.
Owns Formula 1 and a majority stake in MotoGP, pairing the commercial rights to major car and motorcycle world championships. Formula 1 and MotoGP generate revenue through race-promotion, media-rights and sponsorship contracts, with event and hospitality activities alongside.
Operations span international race calendars, while the Liberty Media parent remains based in Colorado. The commercial system coordinates governing bodies, teams, race promoters, broadcasters and sponsors through negotiated agreements.
Contract renewals depend on championship popularity and team participation. Race timing, geopolitical disruption and regulatory review can reshape event calendars or transactions, making the business structurally dependent on staging events and maintaining multi-party agreements.
Company facts
Categories
Key statistics
Year to date +3.8% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | Guggenheim | Target | $125 | $134 | |
| Jul 29, 2026 | Morgan Stanley | Reiterate | Overweight | $120 | $125 |
| Jul 29, 2026 | Capital One Financial | Target | $115 | $116 | |
| Jul 29, 2026 | Guggenheim | Reiterate | Buy | $124 | $125 |
| Jul 28, 2026 | Bernstein | Reiterate | Outperform | $115 | $119 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.24 | $0.02 | −91.7% | $952.8M | $934.0M | −2.0% | +3.79% |
| May 7, 2026Q1 FY26 | −$0.06 | $0.03 | +150.0% | $683.4M | $711.0M | +4.0% | +1.04% |
| Feb 26, 2026Q4 FY25 | $0.40 | $0.39 | −1.6% | $1.55B | $1.61B | +3.7% | +5.84% |
| Nov 5, 2025Q3 FY25 | $0.42 | $0.24 | −42.9% | $1.55B | $1.08B | −30.3% | +1.78% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $447.0M | $1.34B | $1.08B | $1.62B | $711.0M | $934.0M | |
| Gross profit | $122.0M | $474.0M | $414.0M | $108.0M | $298.0M | $329.0M | |
| Operating income | −$56.0M | $280.0M | $158.0M | $237.0M | $64.0M | $88.0M | |
| Net income | $5.0M | $382.0M | $66.0M | $102.0M | $57.0M | $5.0M | |
| Diluted EPS | $0.02 | $1.52 | $0.26 | $1.33 | $0.23 | $0.02 | |
| Gross margin | 27.3% | 35.3% | 38.4% | 6.7% | 41.9% | 35.2% | |
| Operating margin | -12.5% | 20.9% | 14.7% | 14.7% | 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
Revenue by geography · FY24
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
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 250.61M · Float 242.64M
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 |
|---|---|---|---|---|
| BlackRock, Inc. | 13.90M | 5.55% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 9.75M | 3.89% | 13F | Aug 13, 2026 |
| Jupiter Topco LLC | 9.07M | 3.62% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 8.90M | 3.55% | 13F | Aug 13, 2026 |
| Principal Financial Group Inc | 8.00M | 3.19% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Renee L. Wilm | officer: Chief Legal/Admin Officer | −11,597 | $90.09 |
| May 27, 2026 | Chase Carey | director | −100,000 | $90.28 |
| Mar 30, 2026 | John C. Malone | 10 percent owner | −250,000 | $71.75 |
| Dec 16, 2025 | Chase Carey | director | −83,500 | $95.79 |
| Dec 17, 2025 | Chase Carey | director | −83,536 | $96.95 |
Peers
- TKO Group
Competes for global sports audiences, rights, sponsors and host cities
- Liberty Global Class C
Controls Formula E across global electric motorsport and commercial rights
- Manchester United
Global football rival for audiences, sponsors and live-event spending
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Formula One Group Series C | $101.80 | +0.03% | $25.51B | 55.3 | 47.8 | 5.4 | −30.4% |
| TKO Group | $185.76 | +0.63% | $13.84B | 63.7 | 33.1 | 2.6 | +18.2% |
| Liberty Global Class C | $10.43 | −0.05% | $3.56B | — | — | 0.7 | −7.7% |
| Manchester United | $22.10 | −0.05% | $3.81B | — | — | 4.2 | +20.9% |
| Median | 63.7 | 33.1 | 2.6 | +18.2% |