Formula One Group to Announce Q4 Earnings on February 26
Liberty Media Corporation Series C Liberty Formula One shares rose by 6.69% as FWONK crossed above the 5-day SMA, indicating positive momentum despite broader market declines.
The Formula One Group is set to release its Q4 earnings on February 26, with a consensus EPS estimate of $0.36 and revenue expected to reach $1.55 billion. This announcement has generated investor interest, although there have been fluctuations in earnings estimates, reflecting market uncertainty. Additionally, a new partnership with IMAX and Apple TV to showcase F1 races in U.S. theaters is expected to enhance brand visibility and attract more viewers, further strengthening F1's market influence.
The upcoming earnings report and the new partnership are likely to keep investors engaged, as they reflect both the company's financial outlook and its strategic initiatives to boost viewership.
Trade with 70% Backtested Accuracy
Analyst Views on FWONK
About FWONK
About the author

- Price Adjustment: Deutsche Bank has raised its target price for Formula One Group from $108 to $110.
- Market Implications: This adjustment reflects a positive outlook on the financial performance and growth potential of Formula One.
- Cancellation Risk: Heightened security risks in the Middle East are likely to lead to the cancellation of F1 races in Bahrain and Saudi Arabia, particularly as the Bahrain International Circuit is just 22 km from a U.S. naval facility recently targeted by Iranian missiles and drones.
- Safety Considerations: Event organizers must assess the untenable safety risks for spectators and racing teams given the ongoing missile and drone attacks from Tehran, which could render the events unsafe under current conditions.
- Insurance Coverage: Should the events be canceled, organizers typically insure these events for up to $100 million, but the tight F1 schedule makes rescheduling unlikely, increasing potential financial losses.
- Audience Impact: Each event typically draws over 100,000 spectators, and the cancellation would not only affect the live audience experience but could also negatively impact F1's brand image and future market appeal.
- Brand Exposure Strategy: BYD's success in the electric vehicle market has allowed it to surpass Tesla, and it now plans to enhance global brand awareness by participating in Formula 1 racing, particularly in the U.S. and other countries.
- Event Expansion Opportunity: The return of F1 racing in Asia, especially with the Shanghai event, presents BYD with a prime opportunity to increase its influence in the Asian market.
- Investment Challenges: While BYD aims to acquire an existing team or create a new one, the substantial cost of $450 million for a team, along with operational expenses, poses significant challenges that could impact its investment decisions.
- Potential Acquisition Target: BYD may consider acquiring a minority stake in the Alpine team, which is not currently for sale, but opportunities for minority investments could still attract BYD's interest.
- Market Transformation: F1's exclusive streaming deal with Apple replaces ESPN, expected to generate around $150 million annually for Apple, while potentially impacting F1's US audience as viewers must pay $12.99 monthly for Apple TV.
- Audience Growth Potential: F1's US viewership surged from 554,000 in 2018 to 1.3 million in 2025, a 135% increase, although still below NASCAR's 2.7 million, F1's audience is more affluent and diverse, appealing to advertisers.
- Content Collaboration Innovation: Apple's deal with Netflix allows the “Drive to Survive” series to stream on both platforms simultaneously, a first in Netflix's history, which could attract more viewers to F1 and enhance brand visibility.
- Strategic Risks and Opportunities: F1's CEO noted that Apple's multi-platform ecosystem will provide fans with more ways to engage with the sport, although the shift to digital may lose traditional TV viewers, it also offers F1 a more flexible content distribution strategy.
- Betting Partnership: Formula 1 has announced a multi-year deal with Super Group's Betway to become the sport's first official betting operator starting in the 2026 season, covering Europe, the Middle East, Africa, Canada, and Mexico, marking a significant innovation in the F1 betting market.
- Market Value Decline: Since the onset of the Iran war, Formula 1 has seen a $1.9 billion reduction in market value, reflecting concerns over the safety of races in the Middle East, which could impact F1's overall business performance and future investments.
- Season Uncertainty: The 2026 season is set to kick off this weekend in Melbourne with 24 races planned, yet uncertainty looms over the upcoming races in Bahrain and Saudi Arabia due to escalating regional conflicts, potentially affecting fan engagement and attendance.
- Stock Price Drop: Formula 1 (FWONA) shares have fallen over 13% year-to-date, indicating market concerns regarding its future performance, particularly in light of the uncertain geopolitical landscape that may undermine investor confidence.
- Exclusive Streaming Partnership: F1 has announced a partnership with Apple TV for exclusive streaming, set to launch in March, marking a significant shift in F1's presence in the U.S. market and enhancing its digital influence.
- New Features Unveiled: The new platform will introduce several innovative streaming features aimed at enhancing user experience, attracting a younger audience, and further expanding F1's viewer base and market share.
- Strategic Market Shift: By collaborating with Apple, F1 can leverage Apple's technological advantages to improve the visual presentation of races while using data analytics to optimize content, thereby increasing viewer engagement.
- Enhanced Industry Impact: This move positions F1 more favorably in the competitive sports streaming market, likely attracting greater attention from advertisers and sponsors, which could drive overall revenue growth.











