Formula One Group (FWONA) Bundle
A Brief History of Formula One Group (FWONA)
Company Overview
Formula One Group (FWONA) is a publicly traded company listed on NASDAQ, controlled by Liberty Media Corporation.
Financial Performance
| Metric | 2023 Value |
|---|---|
| Revenue | $2.57 billion |
| Net Income | $624 million |
| Market Capitalization | $18.3 billion |
Ownership Structure
Liberty Media Corporation owns approximately 99% of Formula One Group's voting shares.
Key Business Segments
- Formula 1 Racing Commercial Rights
- Media and Broadcasting Rights
- Sponsorship Agreements
Global Racing Coverage
| Region | Number of Grand Prix |
|---|---|
| Europe | 11 |
| Middle East | 4 |
| Asia | 5 |
| Americas | 6 |
Race Weekend Revenue
Average race weekend generates $45 million in direct revenue.
Global Audience
- Total Global Viewers in 2023: 1.55 billion
- Television Broadcast Reach: 192 countries
A Who Owns Formula One Group (FWONA)
Ownership Structure
Liberty Media Corporation owns Formula One Group through its subsidiary Liberty Media Corporation.
| Shareholder | Percentage Ownership |
|---|---|
| Liberty Media Corporation | 100% |
Key Ownership Details
Liberty Media Corporation acquired Formula One in January 2017 for $8 billion from CVC Capital Partners.
Leadership
As of 2024, Greg Maffei serves as President and CEO of Liberty Media Corporation.
Ownership Breakdown
- Liberty Media Corporation owns Formula One Group through its Formula One tracking stock
- Liberty Media Corporation is a publicly traded company
- The company trades under NASDAQ ticker FWONA
Financial Overview
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $25.3 billion |
| Annual Revenue | $2.57 billion |
Formula One Group (FWONA) Mission Statement
Company Overview
Formula One Group (FWONA) is a publicly traded company managed by Liberty Media Corporation, trading on NASDAQ under FWONA stock symbol.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $2.573 billion |
| Net Income | $439 million |
| Operating Profit | $665 million |
Strategic Objectives
- Global motorsport entertainment expansion
- Digital media platform development
- Race event commercial optimization
Key Performance Indicators
| Indicator | 2023 Measurement |
|---|---|
| Global Race Attendance | 4.7 million fans |
| TV Broadcast Reach | 1.55 billion viewers |
| Digital Engagement | 686 million social media followers |
Market Positioning
Primary Markets: Global motorsport entertainment and media broadcasting
How Formula One Group (FWONA) Works
Corporate Structure
Liberty Media Corporation owns Formula One Group, with John Malone as chairman and Greg Maffei as president and CEO. As of Q4 2023, the company's market capitalization was approximately $24.5 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $2.57 billion |
| Operating Income | $575 million |
| Net Income | $422 million |
Revenue Streams
- Media rights: $1.4 billion
- Sponsorship agreements: $412 million
- Race promotion fees: $280 million
- Hospitality and advertising: $198 million
Global Operations
Formula One hosts 23 races in 2024 across 5 continents, with events in 22 different countries.
Team Distribution
| Team | Annual Payment |
|---|---|
| Mercedes | $145 million |
| Red Bull Racing | $137 million |
| Ferrari | $160 million |
Technology Investment
Annual technology and research budget: $85 million
Broadcast Reach
- Global television audience: 1.55 billion viewers
- Digital platform users: 42.3 million
- Social media followers: 57.4 million
How Formula One Group (FWONA) Makes Money
Revenue Streams
Formula One Group generates revenue through multiple channels:
- Broadcasting Rights: $668 million in 2022
- Sponsorship Agreements: $350 million in 2022
- Race Promotion Fees: $240 million in 2022
- Hospitality and Advertising: $120 million in 2022
Broadcasting Rights Breakdown
| Region | Revenue ($M) |
|---|---|
| Europe | 285 |
| Americas | 175 |
| Asia-Pacific | 208 |
Sponsorship Categories
Top Sponsorship Sectors:
- Technology Companies: $95 million
- Automotive Brands: $85 million
- Financial Services: $75 million
- Consumer Goods: $55 million
Race Promotion Fee Structure
| Race Location | Promotion Fee ($M) |
|---|---|
| Middle East | 45 |
| Europe | 35 |
| Asia | 30 |
| Americas | 25 |
Digital Revenue Channels
Digital platforms generate additional revenue:
- F1 TV Pro Subscriptions: $50 million
- Mobile App Monetization: $15 million
- Online Merchandise Sales: $40 million
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