FWONKFormula One Group

$22B

Q1 2023 Earnings

Communication Services Entertainment

Income Statement

Revenue

$381M+5.8% YoY

Gross Profit

$175M45.9% margin

Operating Income

$16M4.2% margin

Net Income

-$109M-28.6% margin

EPS (Diluted)

$-0.58

QoQ Revenue Growth

-49.5%

Cash Flow

Operating Cash Flow

$257M

Free Cash Flow

$195M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$11.0B

Total Liabilities

$4.1B

Stockholders' Equity

$6.8B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$381M	$360M	+5.8%
Gross Profit	$175M	$165M	+6.1%
Operating Income	$16M	$19M	-15.8%
Net Income	-$109M	-$35M	-211.4%

Revenue Segments

Sirius XM Holdings Revenue

$2.1B84%

Formula 1

$381M15%

Other

$31M1%

FWONK Q1 2023 Earnings — Formula One Group Revenue & Financial Results | Market Cap Arena