NASDAQ$FWONK

Liberty Media Corp-Liberty Formula One -C · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Liberty Media reported Q4 2024 financial results, showing mixed performance across its Formula One Group and Liberty Live Group.

Liberty Media's Q4 2024 results reflect a decrease in Formula One Group's revenue and operating income, offset by growth in corporate and other revenues. The fair value of Live Nation investment increased, contributing to Liberty Live Group's assets. Overall, the company is focusing on strategic priorities for 2025, including the MotoGP acquisition and Liberty Live structure.

  • Formula 1 fan attendance reached 6.5 million in 2024, up 9% compared to 2023.
  • Several race promotion agreements were renewed, extending key races through 2031.
  • Liberty Media extended the date for regulatory approval of the MotoGP acquisition to June 30, 2025.
  • Fair value of Live Nation investment was $9.0 billion as of December 31, 2024.

Headline financials

Total Revenue

$1.17B

Previous: $10.5B-88.9%
EPS

-$1.09

Previous: $0.25-535.3%
F1 Races in Period

6

No prior period
MotoGP Races in Period

5

No prior period
Consolidated Adjusted OIBDA

$200M

No prior period
F1 Adjusted OIBDA

$202M

No prior period
MotoGP Adjusted OIBDA

$21M

No prior period
Capital Expenditures

-$23M

Previous: -$803M+97.1%
Net Income

-$355M

Previous: $636M-155.8%
Operating Income

$23M

Previous: $122M-81.1%
Gross Profit

$223M

Previous: $4.29B-94.8%

Revenue & EPS history

Liberty Formula One · Revenue · Quarterly

$1.17B

Q4 2024-88.9%vs Q4 2023
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Liberty Media is optimistic about 2025, focusing on capitalizing on Formula 1's success, closing the acquisition of MotoGP, and addressing the Liberty Live structure to drive shareholder value.

Tailwinds

  • F1's 75th anniversary will provide incremental momentum for the brand.
  • Sponsorship roster is the strongest in the sport’s history.
  • Commercial pipeline remains robust.
  • Expect more intense competition after last season’s highly competitive Championship.
  • Welcoming several rookie drivers to the grid.

Headwinds

  • The document does not contain any negative forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-1.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.0%

Avg return

30 days after

39%

12 / 31 earnings

Positive

+7.8%

Q1 2023

Best reaction

-29.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.4%+2.3%-1.1%
Q4 2025-3.1%-0.5%-8.6%
Q3 2025+0.7%+1.1%-8.5%
Q2 2025-2.4%-3.1%+1.1%
Q1 2025+2.4%+3.0%+8.3%
Q4 2024-3.3%-4.1%-6.3%
Q3 2024-1.6%-2.3%+13.3%
Q2 2024+1.6%-1.0%-1.8%
Q1 2024-0.8%-4.3%-0.2%
Q4 2023-4.1%+5.8%-4.8%
Q3 2023-1.0%+0.5%-3.1%
Q2 2023-29.7%-3.6%-5.3%
Q1 2023+7.8%+0.4%+1.9%
Q4 2022-1.9%+8.6%+10.3%
Q3 2022-0.3%-6.8%+9.1%
Q2 2022+0.1%+4.0%-4.5%
Q1 2022-8.4%-3.9%+2.2%
Q4 2021+0.2%-3.4%+6.0%
Q3 2021+6.4%+3.7%+9.1%
Q2 2021-0.7%+2.1%+8.4%
Q1 2021-1.4%-5.2%-3.5%
Q3 2020+1.6%+6.5%+12.0%
Q2 2020-0.7%+1.8%+0.6%
Q1 2020-2.9%-6.1%+18.0%
Q3 2019+1.3%+2.3%+3.4%
Q2 2019+4.0%+2.5%+8.4%
Q1 2019+4.1%-0.5%+1.2%
Q3 2018-0.1%-5.1%-5.0%
Q2 2018-3.3%+0.3%-0.8%
Q1 2018-2.8%-4.1%+1.4%
Q1 2016-0.8%
Q4 2015
Q2 2015
Q3 2015
Q1 2015
Q2 2014
Q4 2014
Q3 2014
Q1 2014
Q4 2013
Q2 2013
Q3 2013
Q3 2012
Q1 2012
Q1 2013
Q4 2012
Q2 2012

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