FWONA Earnings Prediction
The chart below shows how FWONA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FWONA sees a +0.64% change in stock price 10 days leading up to the earnings, and a -0.93% change 10 days following the report. On the earnings day itself, the stock moves by -0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
FWONA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
911.00M
2.71%
-7.79%
Gross Margin
25.03%
19.36%
48.99%
Operating Margin
12.40%
2.82%
74.89%
Net Margin
12.84%
-3.46%
428.40%
EPS
0.47
-6.00%
370.00%
No Data Available
FWONA Earnings Analysis
Liberty Media Corporation Series A Liberty Formula One Common Stock Corporation (FWONA.O) Earnings Conference Call
Positive
Revenue Increase Drivers: 1. Strong Revenue Growth: Formula One's revenue increased by 15% year-to-date, driven by two additional races and new commercial agreements.
Adjusted OIBDA Increase: 2. Improved Adjusted OIBDA: Adjusted OIBDA for Formula One rose by 21% year-to-date, reflecting strong performance across all revenue streams.
Record Grand Prix Attendance: 3. Record Attendance: Formula One has seen 5.8 million fans attend Grand Prix events this season, with seven races setting new attendance records, including the British Grand Prix with 480,000 attendees.
F1 TV Subscriber Growth: 4. Increased F1 TV Subscribers: F1 TV subscriber growth was robust, with a 10% year-over-year increase, particularly strong in the U.S. market.
Partnerships Boosting Revenue: 5. Successful Partnerships: New partnerships with LVMH and American Express, along with expanded agreements with Lenovo and Santander, are set to enhance sponsorship revenue significantly starting in 2025.
Negative
Sponsorship Revenue Decline: 1. Decline in Sponsorship Revenue: Formula One's sponsorship revenue decreased due to a lower proportion of season-based income, with only 29% of races occurring in Q3 compared to 36% in the prior year, impacting revenue recognition.
Media Rights Revenue Decline: 2. Lower Pro Rata Media Rights Revenue: The decline in pro rata recognition of media rights revenue was noted, although it was partially offset by contractual fee increases and continued growth in F1 TV.
Hospitality Income Decline: 3. Decreased Hospitality and Experiences Income: Hospitality and experiences income decreased in Q3 due to the mix of events, despite strong year-to-date growth in the Paddock Club.
Team Payment Costs Increase: 4. Increased Team Payments: Team payments represented 62.2% of pre-team adjusted OIBDA year-to-date through Q3, an increase from 64.6% in the prior year, indicating higher costs associated with team payments.
Cash and Debt Analysis: 5. Cash and Debt Position: Formula One Group had attributed cash and liquid investments of $2.7 billion against a total debt of $2.9 billion, indicating a high leverage ratio of 1.1 times at quarter end.
FWONA FAQs
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FWONA Earning Call Sentiment
Formula One Group (FWONK) Q3 2024 Earnings Conference Call Transcript
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FWONA.O
0%Positive
The earnings call shows strong financial performance with 15% revenue growth and improved OIBDA margins. However, concerns arise from a significant debt load, market volatility, and competitive pressures. The Q&A reveals uncertainties in sponsorship growth and media rights, further dampening sentiment. Despite optimistic guidance and strategic initiatives, these mixed signals suggest a neutral stock price movement over the next two weeks.
