Formula One Group Q3 2026 Earnings Recap

Liberty Media’s shares rose 1.3% after earnings, a roughly flat reaction. The call highlighted continued demand for Formula 1 and expansion plans, while MotoGP’s growth initiatives remain focused on building momentum into 2027.

Key Takeaways

• Management said Formula 1 demand is running ahead of available supply; Madrid’s new race sold out in its first year.
• Formula 1 expects 23 races this year after the Bahrain Grand Prix was rescheduled to Malaysia; management noted further calendar changes may occur.
• The Sprint format will expand to 10 races next year, and Formula 1 plans to return to Africa with a race in Rwanda early next decade.
• MotoGP’s teams and manufacturers agreement runs through 2031, providing a framework for joint investment; management identified 2027 as a focus for accelerating growth.
• Liberty exchanged John Malone’s Series B shares for Series A and Series C shares, reducing his aggregate voting power to approximately 3%.