FWONK Q2 2024 Earnings — Formula One Group Revenue & Financial Results | Market Cap Arena

FWONKFormula One Group

$22B

Q2 2024 Earnings

Communication Services Entertainment

Income Statement

Revenue

$988M+36.5% YoY

Gross Profit

$255M25.8% margin

Operating Income

$59M6.0% margin

Net Income

$24M2.4% margin

EPS (Diluted)

$0.10

QoQ Revenue Growth

+68.3%

Cash Flow

Operating Cash Flow

$261M

Free Cash Flow

$248M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$10.8B

Total Liabilities

$4.3B

Stockholders' Equity

$6.5B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$988M	$724M	+36.5%
Gross Profit	$255M	$205M	+24.4%
Operating Income	$59M	$52M	+13.5%
Net Income	$24M	$116M	-79.3%

Revenue Segments

Sirius XM Holdings Revenue

$2.2B69%

Formula 1

$853M27%

Other

$135M4%