FWONK Q1 2024 Earnings — Formula One Group Revenue & Financial Results | Market Cap Arena

FWONKFormula One Group

$22B

Q1 2024 Earnings

Communication Services Entertainment

Income Statement

Revenue

$587M+54.1% YoY

Gross Profit

$282M48.0% margin

Operating Income

$93M15.8% margin

Net Income

$203M34.6% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

-52.3%

Cash Flow

Operating Cash Flow

$140M

Free Cash Flow

$113M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$10.6B

Total Liabilities

$4.1B

Stockholders' Equity

$6.5B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$587M	$381M	+54.1%
Gross Profit	$282M	$175M	+61.1%
Operating Income	$93M	$16M	+481.3%
Net Income	$203M	-$109M	+286.2%

Revenue Segments

Sirius XM Holdings Revenue

$2.2B79%

Formula 1

$550M20%

Other

$37M1%