FWON
Liberty Media Corporation Series C Liberty Formula One Common Stock
NASDAQ: FWONK · COMMUNICATION SERVICES · ENTERTAINMENT
$92.76
+1.99% today
Updated 2026-06-05
Market cap
$22.29B
P/E ratio
38.83
P/S ratio
5.59x
EPS (TTM)
$2.29
Dividend yield
—
52W range
$80 – $109
Volume
1.9M
Liberty Media Corporation Series C Liberty Formula One Common Stock (FWONK) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed FWONK price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$92.76
Today
Analyst consensus
$111.67
+20.39% · 12M
2030 Base
$120.33
+29.72% future
NPV today
$83.67
@ 8% WACC
11 analysts:
6 Buy5 Hold0 Sell
Management guidance
Liberty Media has not provided specific revenue targets through 2030 in public guidance. However, management has emphasized strong growth momentum driven by the Apple TV+ exclusive U.S. streaming deal (5-year, starting 2026), expanded sponsorship commitments from major tech companies (chipmakers, automotive OEMs), and calendar optimization with increased race weekends. The company signaled confidence in 25%+ revenue growth through 2026-2027 based on these initiatives.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
FWONK · Liberty Media Corporation Series C Liberty Formula One Common Stock · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$31.41
NPV today: $21.84
Base case (2030)
$120.33
NPV today: $83.67
Bull case (2030)
$209.26
NPV today: $145.51
WallStSmart.com
FWONK financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $5.2B | $6.3B | $7.6B | $8.9B | $10.0B |
| Revenue growth | 22.7% | 13.2% | 21.9% | 21.4% | 16.9% | 12.5% |
| Net margin | — | 7.3% | 7.7% | 7.9% | 7.7% | 7.5% |
| EPS | $2.51 | $1.68 | $2.14 | $2.68 | $3.04 | $3.35 |
| Diluted shares | — | 224M | 225M | 225M | 225M | 225M |
| Net debt | — | $6.48B | $5.80B | $4.98B | $4.02B | $2.94B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $39.96 | $58.02 | $79.49 | $100.86 | $120.33 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $10.0B | $10.0B | $10.0B |
| P/S multiple | 1.0x | 3.0x | 5.0x |
| Diluted shares | 225M | 225M | 225M |
| Net debt | $2.94B | $2.94B | $2.94B |
| Implied P/E † | 9x | 36x | 63x |
| 2030 Price | $31.41 | $120.33 | $209.26 |
| NPV @ 8% | $21.84 | $83.67 | $145.51 |
† Implied P/E: Multiples remain elevated across all three scenarios because FWONK is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $120.33 base case
FWONK catalysts and risks
Growth catalysts
+ Apple TV+ exclusive U.S. streaming deal (5-year term starting 2026) — unlocks U.S. media rights value ~$1.5B-$2B annually at maturity
+ Hyperscaler sponsorship acceleration — chipmakers (Intel, NVIDIA, AMD), cloud providers (AWS, Google Cloud, Azure) signing multi-year title sponsorships and trackside commitments
+ MotoGP acquisition (completed Dec 2025) — adds ~$600M-$800M new revenue stream from 2026+ with minimal overlap cannibalization
+ Calendar expansion — 24-25 races by 2026-2027 vs. historical 20-22, driving incremental broadcast, sponsorship, and ticketing revenue
+ U.S. market expansion — F1 Las Vegas, Miami, Austin venues combined with Netflix/Apple reach driving North American sponsorship premiums and hospitality revenue 30-40% above historical levels
Key risks
- Apple streaming economics — if Apple reduces marketing spend or shifts away from live sports post-deal signing, media rights upside could be limited; contract terms not fully public
- Sponsorship saturation and pricing pressure — aggressive tech sponsor additions may hit ceiling by 2028; sponsor churn if F1 viewership plateaus
- Regulatory/geopolitical — FIA governance changes, potential conflicts with new Saudi/Middle Eastern venues, or regulatory scrutiny on media consolidation
- MotoGP integration risk — acquisition executed at elevated multiple; if standalone growth disappoints or synergies fail to materialize, could compress overall consolidated growth rates
- Competitive streaming threats — if Netflix, other OTT platforms, or YouTube acquire F1 international rights, could fragment premium media value and reduce overall monetization leverage
Methodology · Liberty Media Corporation Series C Liberty Formula One Common Stock 2030 stock forecast model
Liberty Media Corporation Series C Liberty Formula One Common Stock 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 11 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for FWONK by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($2.94B by 2030) |
| 3. Time value | NPV calculated using 8% WACC (CAPM: beta 0.669) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 3.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
FWONK price target FAQ
What is the FWONK price target for 2030?
WallStSmart's Liberty Media Corporation Series C Liberty Formula One Common Stock 2030 base case is $120.33 per share, with a bull case of $209.26 and bear case of $31.41. The NPV of the base case discounted to today at 8% WACC is $83.67.
How is the Liberty Media Corporation Series C Liberty Formula One Common Stock 2030 stock forecast calculated?
The FWONK 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the FWONK price target account for dilution?
Liberty Media Corporation Series C Liberty Formula One Common Stock is projected to grow diluted share count from 224M to 225M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on FWONK stock?
11 analysts cover FWONK with an average 12-month price target of $111.67. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.