Formula One Group (NASDAQ: FWONA) is a motorsport and live entertainment company that owns and operates the Formula 1 racing series and MotoGP through its subsidiary Liberty Media Corporation. The company generates revenue through a combination of race promotion fees, media rights licensing, sponsorship agreements, and live event ticketing and hospitality. Its operations are primarily headquartered in the United Kingdom and Spain, with events held worldwide. Liberty Media acquired Delta Topco Limited, the parent company of Formula 1, and subsequently added MotoGP to its portfolio. The company previously held interests in Braves Holdings, Sirius XM Holdings, and QuintEvents, all of which were separated into independent publicly traded companies between July 2023 and December 2025. As of the 10-K filed February 26, 2026, the company's core assets are the Formula 1 and MotoGP motorsport properties.

Revenue model

Revenue is generated through race promotion fees paid by host circuits, media rights licensing to broadcasters, sponsorship and commercial partnerships, and live event ticketing and hospitality packages tied to Formula 1 and MotoGP race weekends.

Products and services

Formula 1 racing series (operated through Delta Topco Limited), MotoGP motorcycle racing series, live motorsport events held worldwide, and associated hospitality and ticketing products.

Customers and end markets

Race promoters and circuit operators, broadcast and streaming media licensees, corporate sponsors and commercial partners, and live event attendees. End markets are global motorsport fandom and live entertainment.

Value-chain role

Series rights owner and commercial operator. Controls race scheduling, media rights distribution, sponsorship sales, and event sanctioning for Formula 1 and MotoGP.

Geographic exposure

Operations primarily headquartered in the United Kingdom and Spain, with race events held worldwide across multiple continents.

Source: SEC 10-K, filed 2026-02-26

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