Liberty Media Corp. - Ordinary Shares (New Liberty Formula One) Series C

Liberty Media Corp. - Ordinary Shares (New Liberty Formula One) Series C

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Market Cap$22.75B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Liberty Media Corp. - Ordinary Shares (New Liberty Formula One) Series CLiberty Media Corp. - Ordinary Shares (New Liberty Formula One) Series C25.1-4%17.40.1

Earnings Call Q1 2026

May 7, 2026 - AI Summary

F1: very strong operating momentum, but April disruption creates near-term financial hit - Q1 2026 results (F1, 22-race calendar): Revenue +53% YoY; adjusted OIBDA +102% YoY (largely due to more races and timing/pro-ration effects from the calendar). - Key adjustment: F1 did not hold Bahrain + Saudi Arabia in April (safety/security in the Middle East). Company said it is exploring the possibility of rescheduling one race toward the end of the season, but nothing is confirmed. - Biggest financial impact expected in Q2: only 5 races expected vs 9 in 2025, so the largest hit is lost race promotion revenue, followed by hospitality, with limited sponsorship impact (management expects some offset from other races later).
F1: commercial/engagement upside—Apple U.S. media rights working; Sky renewal de-risks - U.S. Apple TV exclusive (first season underway): management reported viewership increased through first three races, fan engagement up, and younger/more female audience; early product enhancements include multi-view, data feeds, and onboard features. - Tracking demand & monetization: first four races sold out; Paddock Club nearly sold out for remaining races; Paddock Club capacity increases planned at Silverstone, Austin, Monza. - Sky extension announced: 5-year renewal in the UK through 2034 and Italy through 2032 (management emphasized no current economic impact; it’s mainly to lock in stronger future contribution/content investment).
F1: margin/leverage expectations—team payment leverage improving - Team payments discipline: management expects ~200 bps average improvement in leverage for full year 2026, in line with recent years; payout % expected to be relatively stable after 2026 for the remainder of the Concorde Agreement. - Budgeting note: guidance assumes a 22-race calendar for now; management said they are conservative around Vegas for team payments. - Accounting/forecast mechanics risk: if calendar changes later (e.g., rescheduling Middle East race), the incremental revenue/expense would flow into whichever quarter the race is recognized (no Q1 restatement mentioned—impact would be in the quarter of the change).

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Target Price by Analysts

31.2% upsideLiberty Media Target Price DetailsTarget Price
$103.79

Current Fair Value

19.5% upside

Undervalued by 19.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$22.75 Billion
Enterprise Value$22.29 Billion
Dividend Yield$- (-)
Earnings per Share$2.22
Beta0.67
Outstanding Shares250,044,515

Return

Return on Equity3.75%ROE
Return on Assets1.82%
Return on Invested Capital-1.42%

Valuation & Multiples

P/E Ratio25.06P/E Ratio
PEG-12.07PEG
Price to Sales17.38Price to Sales
Price to Book Ratio2.63Price to Book Ratio
Enterprise Value to Revenue17.21
Enterprise Value to EBIT-108.74
Enterprise Value to Net Income76
Total Debt to Enterprise0.04
Debt to Equity0.11Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$-0.06
Average shareholder expectation
Revenue Estimate
$683.42 M
Average shareholder expectation

Next Earnings Call

Expected Date
August 6, 2026
EPS Estimate
$0.30
Average shareholder expectation
Revenue Estimate
$962.85 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.6320▼ 5.60%
Total Calls417,000▼ 23.68%
Total Puts263,531▼ 29.89%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %88.00%▲ 0.10%
Total Invested$18.71B▼ 13.52%
Investors Holding621▼ 4.00%

ESG Score

No data

About Liberty Media Corp.

177 employees
CEO: Gregory Maffei

liberty media corporation owns interests in a broad range of media, communications and entertainment businesses. those interests are attributed to three tracking stock groups: the liberty braves group, the liberty media group and the lib...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the critical analytical and scoring expertise for all tax legislation, directly influencing corporate tax structures and policies. Its work underpins the decisions of the Finance Committee, making its impact on Liberty Media's corporate tax burden and valuation significant.

Finance

This powerful committee directly impacts corporate valuations through its control over taxation and trade policy. Changes in corporate tax rates or structures directly affect Liberty Media's profitability and financial outlook, as well as its capital allocation decisions.

Judiciary

This committee's oversight of antitrust laws and intellectual property is highly relevant. Liberty Media's strategy relies on acquisitions and its portfolio includes companies that have faced antitrust scrutiny (e.g., Live Nation), and intellectual property is crucial for media and entertainment assets.

Commerce, Science, and Transportation

This committee has direct jurisdiction over telecommunications (FCC) which significantly regulates Liberty Media's SiriusXM Holdings. It also oversees interstate commerce (FTC), impacting Live Nation Entertainment and other media investments through consumer protection and potentially antitrust oversight.