Q4: 2026-02-26 Earnings Summary
EPS of $0.38 misses by $0.02
| Revenue of $1.61B (37.87% Y/Y) beats by $58.73M
Formula One Group (FWONK) Morgan Stanley Technology, Media & Telecom Conference 2026 March 3, 2026 4:50 PM EST
Company Participants
Derek Chang – President, CEO & Director
Conference Call Participants
Benjamin Swinburne – Morgan Stanley, Research Division
Presentation
Benjamin Swinburne
Morgan Stanley, Research Division
Okay. We’re going to get started. Good afternoon, everybody. I’m Ben Swinburne, Morgan Stanley’s media and telecom analyst. For important disclosures, please see the Morgan Stanley research disclosure website. at morganstanley.com/researchdisclosures. And I’m excited to welcome to the conference. I think speaking for the first time with us, certainly as Liberty’s CEO, Derek Chang, Derek has been the CEO of Liberty Media since last February. But is a veteran executive across the global media sports and entertainment industry.
Derek, thanks for coming. Good to see you.
Derek Chang
President, CEO & Director
Thanks for having Ben, and congratulations on your new gig.
Benjamin Swinburne
Morgan Stanley, Research Division
Thank you so much.
Derek Chang
President, CEO & Director
Disney is a big partner of F1, I’m very excited to be working with you in that capacity.
Question-and-Answer Session
Benjamin Swinburne
Morgan Stanley, Research Division
Absolutely. That sounds great. All right. Why don’t we get started. There’s a lot to talk about and a lot going on in the world. I think maybe we should start with sort of what’s happening geopolitically in the Middle East. I think you guys — I know look at the calendar, there’s races in April in that region? What’s sort of the message today to investors on how you guys are thinking about navigating this?
Derek Chang
President, CEO & Director
Yes. I mean clearly, it’s very timely. And obviously, unfortunate for much broader. But I think as it relates to us, well, right now, we have people in transit to Melbourne for the season opening race and that all is, at
