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$25.77B
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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 C51.1-1%34.30.2

Earnings Call Q2 2026

August 6, 2026 - AI Summary

F1 delivered strong underlying performance despite calendar disruption (main “good” + key “bad”) - Q2 race count down 44% YoY (5 races vs 9) and YTD down 27% (8 vs 11 races through 2Q), causing reported YTD revenue -15% and YTD adjusted OIBDA -30% primarily due to less season-based revenue being recognized (about 36% recognized vs ~46% prior year at the comparable YTD point). - Offset: underlying momentum remained solid—contractual fee increases at key revenue streams, plus sponsorship, licensing, and Grand Prix Plaza strength, and lower operating costs due to fewer events (travel/freight/hospitality delivery). - Negative/constraint: comparison and profitability optics are distorted by fewer events, so investors should focus on full-year basis.
F1 calendar outlook clarified: Bahrain moved to Malaysia; expected stable path to 24 races - Original plan: Saudi/Bahrain not held in April; subsequent actions reduced recognized revenue in the period. - Bahrain GP will be rescheduled to Malaysia in October, raising expected 2026 race count to 23 races. - Accruals/true-ups for a 23-race calendar begin in 3Q 2026; management stated no additional 2026 calendar changes expected. - Expect full 24-race calendar next season.
U.S. growth at F1 on Apple + strong fan/partner engagement (major opportunity) - Apple viewing momentum: viewership up 13% YoY (season-to-date and total hours watched +13%). - Reported audience quality improvements on Apple: “younger and more female” audience in the U.S. - Engagement expansion beyond race weekends: original content/licensing/experiential activations; e.g., “Passenger Princess” season 1 ~300M views and season 2 launched recently. - Business benefits: partners/sponsors “very happy” with distribution; management sees this as enabling broader discovery and direct fan relationships.

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$117.33

Target Price by Analysts

14.1% upsideLiberty Media Target Price DetailsTarget Price
$95.64

Current Fair Value

7% downside

Overvalued by 7% based on the discounted cash flow analysis.

Share Statistics

Market cap$25.77 Billion
Enterprise Value$25.50 Billion
Dividend Yield$- (-)
Earnings per Share$2.22
Beta0.66
Outstanding Shares250,044,515

Return

Return on Equity1.19%ROE
Return on Assets0.57%
Return on Invested Capital-1.60%

Valuation & Multiples

P/E Ratio51.07P/E Ratio
PEG-52.35PEG
Price to Sales34.28Price to Sales
Price to Book Ratio3.12Price to Book Ratio
Enterprise Value to Revenue28.71
Enterprise Value to EBIT-112.33
Enterprise Value to Net Income280
Total Debt to Enterprise0.05
Debt to Equity0.16Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 6, 2026
EPS Estimate
$0.24
Average shareholder expectation
Revenue Estimate
$952.78 M
Average shareholder expectation

Next Earnings Call

Expected Date
November 4, 2026
EPS Estimate
$0.56
Average shareholder expectation
Revenue Estimate
$1.26 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 63.20%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.15% 85.95%
Total Invested$507.96M 97.29%
Investors Holding189 437.00%

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...