Financial Data and Key Metrics Changes - Formula One Group reported a revenue increase of 15% year-to-date and adjusted OIBDA growth of 21% [10] - At the end of Q3, Formula One Group had attributed cash and liquid investments totaling $2.7 billion, including $1.4 billion in cash at F1 [18] - Total attributed principal amount of debt was $2.9 billion, with F1's leverage at 1.1 times [19][20] Business Line Data and Key Metrics Changes - F1 recognized a lower proportion of season-based income with 29% of races occurring in Q3 compared to 36% in the prior year, leading to a decline in sponsorship revenue [22] - Race promotion revenue increased despite one less race held, attributed to a favorable mix of events [23] - Adjusted OIBDA margin improved from 24.4% to 25.8% year-to-date through Q3 [26] Market Data and Key Metrics Changes - Attendance at MotoGP events increased by 9% year-to-date, with 2.9 million attendees [14] - F1 TV subscriber growth was robust, with a 10% year-over-year increase, particularly strong in the U.S. market [37] Company Strategy and Development Direction - The company is focused on expanding partnerships with iconic brands, including a new 10-year deal with LVMH starting in 2025 [41] - Plans for the Las Vegas Grand Prix include leveraging the event for broader ecosystem benefits and enhancing fan experiences [72][74] - The company is exploring new markets and potential race calendar expansions, with Madrid confirmed for 2026 [82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financial security and stability of the ecosystem, with positive conversations regarding the Concord agreement [56] - The competitive nature of the F1 season is expected to drive fan engagement and attendance, with a strong outlook for sponsorship revenue in 2025 [60][66] - The company is optimistic about the Las Vegas race's contribution to the overall F1 ecosystem and its potential for future growth [74] Other Important Information - The MotoGP transaction is progressing with the European Commission, and a year-end close is expected [13] - The company is committed to sustainability, having made its first investment in sustainable aviation fuels [49] Q&A Session Summary Question: Updates on Concord negotiations - Management indicated that conversations are progressing well, with no urgent rush due to existing agreements [56][58] Question: Sponsorship revenue growth outlook - Management expressed optimism about the pipeline for commercial activity in 2025 and beyond, highlighting significant interest from high-value partners [60][66] Question: Media rights landscape and negotiations with ESPN - Management noted that negotiations with ESPN are ongoing, with a focus on balancing economic opportunities and fan experience [68][69] Question: Demand for the Las Vegas Grand Prix - Management reported an uptick in ticket sales and positive expectations for the event, benefiting from a competitive championship [72][74] Question: Expansion of the race calendar - Management confirmed plans for Madrid in 2026 and indicated ongoing discussions about potential new venues while maintaining exclusivity [82][106]

Core Viewpoint - Liberty Media Corporation - Liberty Formula One Series A shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, the earnings estimate is $0.31 per share, representing a decrease of 20.51% from the previous year, but the Zacks Consensus Estimate has increased by 10.64% over the last 30 days with no negative revisions [4]. - For the full year, the earnings estimate is $1.23 per share, indicating a substantial increase of 98.39% from the previous year, with a 7.89% increase in the consensus estimate over the past month [5]. Zacks Rank - The favorable estimate revisions have led Liberty Media Corporation - Liberty Formula One Series A to achieve a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance [6]. - Stocks with Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [7]. Investment Sentiment - Investors have shown confidence in Liberty Media Corporation - Liberty Formula One Series A, as evidenced by a 6.8% stock gain over the past four weeks, driven by solid earnings growth prospects [8].

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum [1][2]. Group 1: Stock Performance - Liberty Media Corporation's Formula One Series A (FWONA) has shown a solid price increase of 7.7% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - The stock has also increased by 6.8% over the last four weeks, suggesting that the upward trend is still intact [5]. - FWONA is currently trading at 97.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - FWONA holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with sufficient fundamental strength to sustain their recent uptrends, including FWONA [3][8]. - The article suggests that there are multiple stocks passing through this screen, providing additional investment opportunities for trend-focused investors [8].

Englewood, Colorado, May 8, 2024- Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today reported first quarter 2024 results. Headlines include (1): 1 Exhibit 99.1 LIBERTY MEDIA CORPORATION REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS ● Attributed to Liberty SiriusXM Group o SiriusXM reported first quarter 2024 operating and financial results ◾ First quarter 2024 revenue of $2.16 billion; up 1% year-over-year ◾ Ad revenue up 7% year-over-year ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Table of Contents OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35707 LIBERTY MEDIA CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware 37-1699499 (Sta ...

Key TakeawaysFormula One (F1) owner Liberty Media is expanding its investment in motorsports by purchasing Dorna Sports, the owner of the rights to the MotoGP World Championship.The entertainment and media company said it is paying $4.5 billion for the motorcycle racing franchise from private equity firm Bridgepoint and the Canada Pension Plan Investment Board.Warren Buffett's Berkshire Hathaway holds a stake in Liberty Media, with its latest 13F filing showing it held over 7 million of Liberty Media's Seri ...

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty”) (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today announced the payment of a quarterly interest payment and an Excess Regular Additional Distribution to the holders as of February 15, 2024 of its 2.75% Exchangeable Senior Debentures due 2049 (the “Debentures”). The amount of the quarterly interest payment is $6.8750 per $1,000 original principal amount of Debentures, and the amount of the Excess Regular Additional Distrib ...

Formula One Group (FWONK) stock is nearing its all-time high as the new season starts in Bahrain this week. It jumped by over 4% on Thursday as it closed at $72.76, the highest point since August 27th. It is now approaching its all-time high of $78.67.Formula 1 new season startsCopy link to sectionThe biggest event this weekend will be the start of the 2024 season of Formula One event in Bahrain. This event will be watched closely by millions of viewers around the world who will mostly focus on its competit ...

Exhibit 99.1 LIBERTY MEDIA CORPORATION REPORTS FOURTH QUARTER AND YEAR END 2023 FINANCIAL RESULTS Englewood, Colorado, February 28, 2024 - Liberty Media Corporation ("Liberty Media" or "Liberty") (NASDAQ: LSXMA, LSXMB, LSXMK, FWONA, FWONK, LLYVA, LLYVK) today reported fourth quarter and year end 2023 results. Headlines include (1): ● Attributed to Liberty SiriusXM Group o SiriusXM reported fourth quarter and full year 2023 operating and financial results ◾ 2023 full year revenue of $8.95 billion ◾ Full year ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35707 LIBERTY MEDIA CORPORATION (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdiction o ...