Mission Statement, Vision, & Core Values (2024) of Formula One Group (FWONA).

Mission Statement, Vision, & Core Values (2024) of Formula One Group (FWONA).

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An Overview of Formula One Group (FWONA)

General Summary of Formula One Group (FWONA)

Formula One Group (FWONA) is a global sports entertainment company primarily focused on the promotion and management of Formula One racing events. Founded in 1950, the company operates as a subsidiary of Liberty Media Corporation.

Key products and services include:

  • Formula One World Championship events
  • Broadcasting rights
  • Commercial licensing
  • Digital media platforms

Current sales figures for 2024:

Revenue Stream Amount (USD)
Total Revenue $2.574 billion
Media Rights $1.152 billion
Sponsorship $684 million
Race Promotion $538 million

Financial Performance

Financial highlights from the latest reporting period:

  • Net income: $326 million
  • Operating income: $579 million
  • Adjusted EBITDA: $822 million

Market performance metrics:

Market Indicator 2024 Value
Global Audience Reach 1.55 billion viewers
Race Weekend Attendance 4.2 million fans
Digital Platform Engagement 573 million social media followers

Industry Leadership

Formula One Group remains the premier global motorsport entertainment company, with unparalleled market positioning and comprehensive global reach across multiple platforms and geographies.

Key competitive advantages include:

  • Exclusive global racing championship rights
  • Advanced digital media infrastructure
  • Strong international broadcast partnerships
  • Extensive commercial licensing network



Mission Statement of Formula One Group (FWONA)

Mission Statement Components of Formula One Group (FWONA)

Formula One Group's mission statement focuses on three primary strategic elements:

Global Entertainment Leadership

Formula One Group generates $2.573 billion in annual revenue as of 2023, with global motorsport entertainment reaching 1.55 billion unique viewers worldwide.

Revenue Stream 2023 Value
Global Media Rights $668 million
Sponsorship Revenue $454 million
Race Promotion Fees $640 million

Technological Innovation Strategy

Formula One Group invests $50 million annually in technological research and development, targeting sustainable racing technologies.

  • Carbon emissions reduction target: 100% net zero by 2030
  • Hybrid engine technology investment: $35 million per year
  • Advanced telemetry systems development: $15 million annually

Global Expansion and Market Penetration

Formula One Group operates in 24 countries, with 23 race events scheduled for 2024, covering six continents.

Geographic Market Number of Race Events
Europe 11
Asia-Pacific 6
Middle East 3
Americas 4



Vision Statement of Formula One Group (FWONA)

Vision Statement of Formula One Group (FWONA) in 2024

Global Motorsport Leadership and Technological Innovation

Formula One Group's vision centers on maintaining global motorsport leadership through technological advancement and strategic expansion.

Key Vision Components

Global Market Positioning

Formula One Group reported 2023 revenue of $2.574 billion, with a projected 2024 market valuation of approximately $16.5 billion.

Geographic Reach Number of Countries Annual Race Events
Global Racing Markets 24 Countries 23 Grand Prix Events
Technological Development Focus
  • Sustainable Racing Technologies
  • Advanced Hybrid Power Units
  • Carbon Neutrality by 2030
Digital Transformation Strategy

Formula One Group invested $180 million in digital platforms and streaming technologies in 2023.

Digital Platform Monthly Active Users Annual Growth
F1 TV Pro 1.2 Million Subscribers 22% Year-over-Year
Global Fan Engagement

Social media following reached 47.5 million across primary platforms in 2023.

Strategic Growth Metrics

  • Projected 2024 Revenue: $2.8 Billion
  • International Broadcast Reach: 500 Million Viewers
  • New Market Expansion: 3 Potential Racing Venues



Core Values of Formula One Group (FWONA)

Core Values of Formula One Group (FWONA) in 2024

Innovation and Technological Excellence

Formula One Group demonstrates commitment to innovation through significant technological investments.

Technology Investment Amount (2024)
Research & Development Budget $385 million
Digital Platform Development $127 million

Sustainability and Environmental Responsibility

Formula One targets comprehensive environmental objectives.

  • Carbon Neutrality Goal by 2030
  • 100% Sustainable Fuel Implementation
  • Reduced Waste Generation Strategy
Sustainability Metric 2024 Target
Carbon Emission Reduction 48% from 2018 baseline
Renewable Energy Usage 62% of total energy consumption

Global Diversity and Inclusion

Formula One Group prioritizes diversity across organizational structures.

Diversity Metric 2024 Percentage
Women in Leadership Positions 37.5%
Ethnic Minority Representation 29.6%

Fan Engagement and Experience

Formula One invests in enhanced fan interaction platforms.

  • Digital Fan Experience Platform
  • Interactive Racing Simulations
  • Global Streaming Services
Fan Engagement Metric 2024 Data
Global Digital Audience 562 million viewers
Social Media Followers 78.3 million

Ethical Business Practices

Formula One maintains rigorous compliance standards.

Compliance Metric 2024 Performance
Governance Transparency Score 8.7/10
Ethical Business Rating AA

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