Formula One Group
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Stefano Domenicali
- Full Time Employees
- 6,486
- Sector
- Communication Services
- Industry
- Entertainment
- Address
- 12300 Liberty Boulevard Englewood CO United States of America 80112
- IPO Date
- Jul 8, 2014
- CIK
- 0001560385
- Website
- libertymedia.com
- Similar Companies
- Business
- Formula One Group (Nasdaq: FWONK), a subsidiary of Liberty Media Corporation, owns and operates Formula 1, the premier global single-seater motor racing championship; it commercializes media rights, sponsorships, and licensing through television and digital broadcasting deals, trackside advertising, and official merchandise; the company also manages event hosting, hospitality packages, and fan engagement platforms including the F1 TV streaming service and F1 Experiences VIP packages. Formula One Group oversees 24 Grands Prix annually across circuits in Europe, Asia, the Americas, and the Middle East, serving a worldwide audience of over 1.5 billion fans through partnerships with broadcasters like ESPN, Sky Sports, and ServusTV. Founded in 2017 as part of Liberty Media's acquisition and headquartered in Englewood, Colorado, with operational bases in London and Geneva, the group focuses on motorsports entertainment, technology innovation such as hybrid power units, and sustainable racing initiatives targeting automotive manufacturers, sponsors, and premium consumers. In recent developments, Formula One Group expanded its U.S. presence with the 2024 addition of a sixth Grand Prix in Las Vegas and Madrid replacing the Spanish Grand Prix in Barcelona; it secured a long-term strategic alliance with Honda for Red Bull Powertrains engines starting in 2026, alongside Audi's entry as a power unit supplier and full team acquisition of Sauber; the company launched new digital offerings like enhanced F1 TV features and Academy programs for driver development. Liberty Media completed a corporate reorganization in 2023 separating Formula One Group into distinct tracking stocks FWONA and FWONK to streamline investor access; significant funding through stock performance supported a $1.8 billion acquisition of MotoGP in 2024, marking entry into motorcycle racing. These changes reflect Formula One Group's strategic shift toward diversified motorsports, geographic expansion into high-growth markets, and regulatory compliance with 2026 engine rules emphasizing sustainability.
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