FWONK
Liberty Media Corp
Next earnings ≈ Aug 6, 2026 · est. from filing cadence
Last earnings +5.4% on 2026-05-07
$98.50
▲ +5.37%$98.50▼ -6.43%
over 1Y
L $81.42H $108.33
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+5.4%
1W+8.9%
1M+10.3%
3M+12.1%
YTD+0.5%
1Y-6.4%
Hold
Conviction
Horizon
Long (>12mo)
Street · 18 analysts
Buy
Irreplaceable F1 + MotoGP rights with surging operating profit, but leveraged-up, low GAAP returns and earnings flattered by non-operating gains.
Revenue $4.48B · FY2025
The read
Middling fundamentals and a rich price (~93% above fair value) leave little margin of safety — a wait-and-see.
Liberty Media is now a focused live-motorsport holding built around Formula 1 and the July 2025 MotoGP acquisition. The operating story is genuinely strong: consolidated revenue rose to $4.48B (+22.7% YoY), driven by F1 revenue of $3,873M and a new $325M MotoGP contribution, while consolidated operating income doubled to $577M and Adjusted OIBDA grew to $1,068M from $774M. F1 alone produced $632M of operating income and $946M of Adjusted OIBDA, and the prior-year drag from QuintEvents' $73M goodwill impairment did not recur. These are scarce, globally franchised sports-rights assets with pricing power, which is the core reason to own the stock.
The quality of the headline result, however, is mixed. FY2025 net income of $555M (+126.9%) was meaningfully helped by $288M of realized and unrealized gains on financial instruments (versus a $139M loss in 2024) and $117M of other income — non-operating, mark-to-market items that can reverse. GAAP return on equity is only 7.2% and net margin 12.4%, modest for a business trading at a rich multiple. The provided P/E of 477.7 rests on a diluted EPS of $0.19 that is tagged to FY2015 in the data, so the headline multiple is not reliable; what is clear is that the price embeds substantial growth expectations.
Is FWONK a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $11.4B | $3.16B | $3.57B | $3.65B | $4.48B |
| Gross profit | — | — | — | — | — |
| Operating income | $1.98B | $145M | $266M | $287M | $577M |
| Net income | $398M | $1.81B | $761M | -$2.06B | $555M |
| Diluted EPS | — | — | — | — | — |
| Net margin | 3.5% | 57.4% | 21.3% | -56.5% | 12.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$28.7B
EV / EBITDA29.6
EV / Sales6.4
EV / FCF36.4
P / FCF31.3
PEG (trailing)4.09
Earnings yield2.2%
FCF yield3.2%
Quality & risk
ROIC (est.)3.5%
Free cash flow$789M
Total debt$5.10B
Net cash-$4.04B
Altman Z-Score3.29 safe
Piotroski F-Score6/8
Capital returns
Buyback yield0.1%
Dividend yield (est.)—
Shareholder yield0.1%
Shares Δ YoY-1.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-172026-06-18open ↗4Period ending 2026-06-152026-06-16open ↗4Period ending 2026-05-272026-05-28open ↗144Filing2026-05-27open ↗8-A12B/AFiling2026-05-12open ↗8-KPeriod ending 2026-05-122026-05-12open ↗SCHEDULE 13GFiling2026-05-12open ↗SCHEDULE 13G/AFiling2026-05-12open ↗8-KPeriod ending 2026-05-112026-05-11open ↗8-KPeriod ending 2026-05-072026-05-07open ↗10-QPeriod ending 2026-03-312026-05-07open ↗8-KPeriod ending 2026-04-232026-04-24open ↗
Frequently asked
- Is Liberty Media Corp (FWONK) a buy?
- FWONK currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Irreplaceable F1 + MotoGP rights with surging operating profit, but leveraged-up, low GAAP returns and earnings flattered by non-operating gains.
- What is FWONK's fair value?
- A Modified-Graham model based on FWONK's SEC fundamentals estimates a fair value of about $7.10. It is an estimate from reported earnings, not a price target.
- Is FWONK overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, FWONK currently appears overvalued relative to its SEC-grounded earnings power.
- What is Liberty Media Corp's quality score?
- FWONK scores 69.65329024290067/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001560385, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 6/21/2026, 7:09:45 PM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 3:09 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.