FWONA Q2 2023 Earnings — Formula One Group Revenue & Financial Results | Market Cap Arena

FWONAFormula One Group

$20B

Q2 2023 Earnings

Communication Services Entertainment

Income Statement

Revenue

$724M-2.7% YoY

Gross Profit

$205M28.3% margin

Operating Income

$52M7.2% margin

Net Income

$116M16.0% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

+90.0%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

-$67M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$11.1B

Total Liabilities

$4.2B

Stockholders' Equity

$6.9B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$724M	$744M	-2.7%
Gross Profit	$205M	$210M	-2.4%
Operating Income	$52M	$49M	+6.1%
Net Income	$116M	$111M	+4.5%

Revenue Segments

Sirius XM Holdings Revenue

$2.3B69%

Formula 1

$724M22%

Other

$270M8%