Liberty Media Corporation - Liberty Formula One Series A (FWONA) Surpasses Q3 Earnings and Revenue Estimates

Core Viewpoint - Liberty Media Corporation - Liberty Formula One Series A reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of$ 0.31 per share, and showing an increase from $0.39 per share a year ago [1][2] Financial Performance - The company achieved revenues of$ 848 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.79%, although this represents a decline from $887 million in the same quarter last year [3] - The earnings surprise for the quarter was 54.84%, while the previous quarter saw a significant negative surprise of -70.59% [2] Stock Performance - Liberty Media Corporation - Liberty Formula One Series A shares have increased approximately 29.9% since the beginning of the year, outperforming the S&P 500's gain of 25.8% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.62 on revenues of $1.24 billion, and for the current fiscal year, it is$ 1.54 on revenues of $3.53 billion [8] - The estimate revisions trend for the company is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Media Conglomerates industry, to which Liberty Media belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [9]