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$26.3B
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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 C52.5-1%340.2

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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$120.67

Target Price by Analysts

18.3% upsideLiberty Media Target Price DetailsTarget Price
$96.72

Current Fair Value

5.2% downside

Overvalued by 5.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$26.30 Billion
Enterprise Value$26.02 Billion
Dividend Yield$- (-)
Earnings per Share$2.15
Beta0.66
Outstanding Shares250,044,379

Return

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

Valuation & Multiples

P/E Ratio52.46P/E Ratio
PEG-53.77PEG
Price to Sales34.01Price to Sales
Price to Book Ratio3.09Price to Book Ratio
Enterprise Value to Revenue29.3
Enterprise Value to EBIT-114.64
Enterprise Value to Net Income285
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
$0.59
Average shareholder expectation
Revenue Estimate
$1.24 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.9693 33.74%
Total Calls1,010,700 142.37%
Total Puts979,700 271.76%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %89.76% 1.66%
Total Invested$21.35B 14.02%
Investors Holding632 6.00%

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...