Formula One Group (NASDAQ:FWON.K) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$904.0m (up 1.9% from 3Q 2023).

• Net income: US$117.0m (flat on 3Q 2023).

• Profit margin: 13% (in line with 3Q 2023).

• EPS: US$0.50 (down from US$0.50 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Formula One Group Earnings Insights

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Formula One Group that you should be aware of.

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