Formula One Group Series C (FWONK)
Owns Formula 1 and MotoGP commercial rights across global motorsport calendars.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Jefferies | Initiate | Rating: —Target: — | Target: $115 |
| Aug 14, 2026 | Guggenheim | Target | Target: $125 | Target: $134 |
| Jul 29, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $120 | Target: $125 |
| Jul 29, 2026 | Guggenheim | Reiterate | Rating: —Target: $124 | Target: $125 |
| Jul 29, 2026 | Capital One Financial | Target | Target: $115 | Target: $116 |
EPSReportedEstimate
RevenueReportedEstimate
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
No dividends on record.
| Institutions | ≈ 96.51% | 241.97M shares | |
|---|---|---|---|
| 644 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.06% | 148.5K shares | |
| 6 holders · as of Jun 16, 2026 | |||
| Other | ≈ 3.43% | 8.59M shares | |
| remainder | |||
250.71M company shares as of Sep 22, 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
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.02% | 1.19M A · 13.90M C | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.32% | 1.09M A · 9.75M C | as of Jun 30, 2026 |
Jupiter Topco LLCInstitution | 4.02% | 1.02M A · 9.07M C | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.94% | 980,350 A · 8.90M C | as of Jun 30, 2026 |
Principal Financial Group IncInstitution | 3.78% | 1.48M A · 8.00M C | as of Jun 30, 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 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Formula One Group Series C | $96.74 | +0.32% | $24.17B | 52.4 | 45.5 | 5.6 | −30.4% |
| TKO Group | $188.14 | −1.56% | $14.33B | 65.9 | 33.7 | 2.7 | +18.2% |
| Liberty Global Class C | $9.88 | +0.66% | $3.35B | — | — | — | −7.7% |
| Manchester United | $20.43 | +0.10% | $3.52B | — | — | 3.9 | +20.8% |
| Median | 65.9 | 33.7 | 3.3 | +18.2% |