Liberty Media Corporation's Series C stock (FWONK) surged 5.08% in Friday's pre-market trading session, fueled by strong financial performance and growth prospects for its Formula One Group business.
During the company's Q4 2024 earnings call, Liberty Media reported a 6% revenue increase for its Formula One Group in 2024, driven by the addition of two new races and the signing of new sponsorship deals. The company's successful efforts in securing long-term revenue streams were highlighted, with $14.4 billion in future revenue already contracted under multiyear agreements.
Formula One's digital expansion also contributed to the positive sentiment, as the company reported a 15% increase in F1 TV subscribers in 2024. To capitalize on this growth, Liberty Media plans to launch a new premium F1 TV tier offering enhanced features such as 4K ultra-high definition and multi-view capabilities, catering to the sport's avid fan base.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。