FWONA · NASDAQ · Entertainment

Formula One Group Series A (FWONA)

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

$86.67
After-hours close+0.04 (+0.05%)
At close$86.63(−1.72%)
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Formula One GroupFWONA
Communication 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

Market cap$22.09B
EPS (ttm)$1.84
P/E (ttm)47.91
ROE5.9%
P/B2.90
P/S5.09
Dividend yieldDiv yield
Beta0.26vs XLC 0.44

Price target$119.50+36.7%Average of 20 analysts
ConsensusBuy15 of 20 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 14, 2026GuggenheimReiterate
Rating: Target:
Rating: BuyTarget: $124
Aug 14, 2026Deutsche BankReiterate
Rating: Target: $108
Rating: BuyTarget: $115
Dec 18, 2025Deutsche BankTarget
Target: $83
Target: $108

Next report
Nov 4, 26
in 43 days
EPS estimate
$0.60
Revenue estimate
$1.24B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$1.03$0.05$1.52$0.24$0.39$0.22$0.02Pending
Estimate$0.43−$0.10$0.63$0.25$0.37−$0.05$0.24$0.60
Surprise−339.5%+149.8%+143.2%−4.6%+6.2%+517.3%−91.7%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$1.17B$447.0M$1.34B$1.09B$1.61B$711.0M$934.0MPending
Estimate$1.35B$420.9M$1.25B$1.04B$1.55B$675.9M$954.4M$1.24B
Surprise−13.4%+6.2%+7.0%+4.6%+3.6%+5.2%−2.1%
Estimate$0.60
ReportedDue Nov 4, 2026
Estimate$1.24B
ReportedDue Nov 4, 2026
View details

Debt to equity64.60%
Current ratio126.70%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$911.0M$1.17B$447.0M$1.34B$1.09B$1.61B$711.0M$934.0M
Net income$117.0M−$248.0M$22.0M$382.0M$66.0M$333.0M$57.0M$5.0M
Net margin12.8%0.0%4.9%28.5%6.1%20.7%8.0%0.5%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$110.0M$23.0M−$67.0M$280.0M$158.0M$225.0M$64.0M$88.0M
YoY growth+2.8%−81.1%Turned loss+374.6%+43.6%+878.3%Turned profit−68.6%

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

Revenue
$934.0M
Operating income
$88.0M
Net income
$5.0M
View details

No dividends on record.

Institutions≈ 96.51%241.97M shares
644 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Other≈ 3.49%8.74M shares
remainder

250.71M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

This company has 3 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
6.02%1.19M A · 13.90M Cas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
4.32%1.09M A · 9.75M Cas of Jun 30, 2026
Jupiter Topco LLCInstitution
4.02%1.02M A · 9.07M Cas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
3.94%980,350 A · 8.90M Cas of Jun 30, 2026
Principal Financial Group IncInstitution
3.78%1.48M A · 8.00M Cas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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CompareAfter-hours close

CompanyPriceChange
Formula One Group Series A$86.67+0.05%$22.09B47.940.05.1−30.4%
TKO Group$188.870.00%$14.33B65.933.82.7+18.2%
Fox Class A$63.43−1.25%$28.41B16.910.81.7+28.1%
Walt Disney$103.90+0.07%$180.96B21.513.91.8+7.1%
Comcast$22.47+0.20%$81.37B7.46.50.7−1.2%
Live Nation Entertainment$169.84−0.06%$39.37B141.71.5+9.4%
Median19.213.91.7+9.4%