Equity Profile

FWONK

Formula One Group

Communication ServicesMovies & Entertainment$22.8B

May7Thu

Pre-Earnings Brief

UpcomingQ1-2026Pre-Market9:00 AM EDT

Company Snapshot

Formula One Group (FWONK) is a leading organization in the entertainment sector, primarily known for its global motorsport events. With a market cap of $23 billion, it plays a significant role in the communication services industry, leveraging the excitement of Formula One racing to attract fans and sponsors worldwide.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing its costs and revenues.

$-0.01

Revenue

Revenue figures will provide insight into the company's overall performance and growth, especially in a competitive entertainment market.

$670M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FWONK Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+48.38%

Avg Stock Reaction

-0.73%

Last Quarter Recap

In the last quarter, Formula One Group reported an EPS of $0.08, significantly missing the estimate of $0.32, which led to a 5.12% drop in stock price the following day. The company has faced challenges in meeting analyst expectations recently.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Formula One Group's upcoming earnings, with expectations for a slight improvement in EPS and revenue. However, the company's recent performance has raised concerns about its ability to meet these targets.

Bull Case

If the company can exceed the low EPS expectations and show strong revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, if the company fails to meet even the lowered expectations, it may indicate deeper issues, leading to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$-0.01

EPS is a key indicator of profitability and will help gauge how well the company is managing its costs and revenues.

Revenue

$670M

Revenue figures will provide insight into the company's overall performance and growth, especially in a competitive entertainment market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of $-0.01?

A positive EPS surprise could indicate improved profitability and boost investor sentiment.

What is the revenue outlook compared to the consensus of $670M?

Revenue performance will be crucial to understanding the company's growth trajectory and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a revenue rebound driven by increased fan engagement and sponsorship deals, which could lead to better-than-expected results.

Supporting Evidence

Recent trends in sports viewership suggest a resurgence in interest in live events, which could benefit Formula One.

The options market is pricing in a significant move, indicating that investors are anticipating a surprise, either positive or negative.

Key Risk

If revenue exceeds $726M, it could challenge the current bearish sentiment and shift the narrative around the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is critical as it will reveal whether the company can recover from recent performance issues and meet market expectations.

Bull Confirmed If

An EPS of $0.07 or better, alongside revenue exceeding $726M, would confirm the bull case.

Bear Confirmed If

An EPS below $-0.11 and revenue falling short of $570M would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.9%

The options market is pricing in a move of approximately 5.9%, suggesting that investors anticipate volatility around the earnings report.

Detail

30d HV

27.1%

Calls (600)P/C Ratio: 4.00Puts (8K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

100.84%

of float

Insider

2.75%

of float

Holders

835

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
21,133,295 sh · $1.9B
9.43%
3.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FWONK beats expectations, history suggests a potential stock increase of around 2.91%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance.

Miss

A miss on earnings could lead to a decline of approximately 2.91%, reflecting ongoing concerns about the company's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-TXAugust Lee Pfluger IIRep.
0

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new sponsorship deals or partnerships that could drive revenue.
2Details on ticket sales and attendance figures for upcoming races.
3Management's outlook on the global market for motorsports and entertainment.
4Insights into cost management strategies and profitability improvements.
5Any commentary on fan engagement initiatives and their impact on revenue.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help gauge how well the company is managing its costs and revenues.

$-0.01

Revenue

Revenue figures will provide insight into the company's overall performance and growth, especially in a competitive entertainment market.

$670M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FWONK Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

+48.38%

Avg Stock Reaction

-0.73%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If the company can exceed the low EPS expectations and show strong revenue growth, it could signal a turnaround and boost investor confidence.

Bear Case

Conversely, if the company fails to meet even the lowered expectations, it may indicate deeper issues, leading to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$-0.01

EPS is a key indicator of profitability and will help gauge how well the company is managing its costs and revenues.

Revenue

$670M

Revenue figures will provide insight into the company's overall performance and growth, especially in a competitive entertainment market.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS come in better than the consensus estimate of $-0.01?

A positive EPS surprise could indicate improved profitability and boost investor sentiment.

What is the revenue outlook compared to the consensus of $670M?

Revenue performance will be crucial to understanding the company's growth trajectory and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a revenue rebound driven by increased fan engagement and sponsorship deals, which could lead to better-than-expected results.

Supporting Evidence

Recent trends in sports viewership suggest a resurgence in interest in live events, which could benefit Formula One.

The options market is pricing in a significant move, indicating that investors are anticipating a surprise, either positive or negative.

Key Risk

If revenue exceeds $726M, it could challenge the current bearish sentiment and shift the narrative around the company's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The upcoming earnings report is critical as it will reveal whether the company can recover from recent performance issues and meet market expectations.

Bull Confirmed If

An EPS of $0.07 or better, alongside revenue exceeding $726M, would confirm the bull case.

Bear Confirmed If

An EPS below $-0.11 and revenue falling short of $570M would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±5.9%

The options market is pricing in a move of approximately 5.9%, suggesting that investors anticipate volatility around the earnings report.

Detail

30d HV

27.1%

Calls (600)P/C Ratio: 4.00Puts (8K)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

100.84%

of float

Insider

2.75%

of float

Holders

835

institutions

Top Holders· as of Dec 2025

Vanguard Group Inc
21,133,295 sh · $1.9B
9.43%
3.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FWONK beats expectations, history suggests a potential stock increase of around 2.91%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await clearer guidance.

Miss

A miss on earnings could lead to a decline of approximately 2.91%, reflecting ongoing concerns about the company's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-TXAugust Lee Pfluger IIRep.
0

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new sponsorship deals or partnerships that could drive revenue.
2Details on ticket sales and attendance figures for upcoming races.
3Management's outlook on the global market for motorsports and entertainment.
4Insights into cost management strategies and profitability improvements.
5Any commentary on fan engagement initiatives and their impact on revenue.