Formula One Series A Q4 EPS $0.39 Misses by 11.4%, Revenue Tops by 4.5%
Formula One segment posted Q4 adjusted EPS of $0.39, missing estimates by 11.4% and improving from a year-ago $1.03 loss. Quarterly revenue rose from $1.07 billion a year earlier to $1.61 billion, topping forecasts by 4.5%, while shares have declined 8.7% this year.
1. Q4 Earnings Miss
Liberty Media’s Formula One Series A delivered adjusted earnings of $0.39 per share for Q4, versus analysts’ $0.44 estimate and compared with a $1.03 loss per share in the prior year’s quarter.
2. Revenue Beat and Growth
The division generated revenue of $1.61 billion, topping consensus forecasts by 4.5% and up from $1.07 billion a year earlier, marking three revenue beats in the last four quarters.
3. Share Performance and Reaction
Shares of the Series A class have fallen about 8.7% year-to-date, underperforming the S&P 500’s 1.5% gain, as investors weigh the earnings shortfall against continued top-line strength.
4. Outlook and Estimates
Analysts forecast next quarter EPS of -$0.41 on $652.9 million in revenue and full-year EPS of $2.18 on $4.81 billion in revenue, with estimate revisions likely influenced by upcoming management commentary.