Formula One is lagging other sport stocks. Why analysts think it's poised to race ahead

Cnbc · Aug 08, 2026 · 629 words · By Assiatou Hann

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What to know about Formula One is lagging other sport stocks. Why analysts think it's poised to race ahead

As the Formula One season goes through its summer break, analysts believe there's upside ahead for the motorsport league's parent stock.

Claims checked 16

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

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Center100%

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4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

As the Formula One season goes through its summer break, analysts believe there's upside ahead for the motorsport league's parent stock.

Why it matters

Liberty Media Formula One reported second-quarter results on Thursday, with revenue falling nearly 40% year over year due to the cancellation of several races due to conflict in the Middle East.

Common ground

Still, the stock rose nearly 4% on the day as the company noted that it remains "active in [media rights] negotiation and renewals, recently renewing with the surface TV industry in a multi-year agreement." Spending in sports, as well as viewership, has…

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: Formula One is lagging other sport stocks. Why analysts think it's poised to race ahead?
What evidence would most clearly confirm or weaken the claim that Madison Square Garden Sports , the owners of the New York Knicks, is up 93%?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/08/08/formula-one-is-lagging-other-sport-stocks-why-an…

fact_checkClaims Checked

eFinder analyzed this article and checked 16 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 6

verified Verified By Reference 3

info Single Source 2

check_circle Corroborated 2

help Insufficient Evidence 2

cancel Disputed 1

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Claim 1: “Madison Square Garden Sports , the owners of the New York Knicks, is up 93%.”

SINGLE SOURCE

The evidence provided for Madison Square Garden Sports consists of TikTok and YouTube videos about the venue and the Knicks, but contains no financial data or stock performance percentages.

travel_explore

web search NEUTRAL — Everyone knows Madison Square Garden… but very few ever see the Premium Lounge hidden inside. The Delta Sky360 Club isn’t for regular fans — it’s for those who pay thousands for silence, space, and a …
https://www.tiktok.com/discover/how-many-seats-are-in-madiso…

travel_explore

web search NEUTRAL — 12 просмотров • 27 июл. 2026 г. • MADISON SQUARE GARDEN. Subscribe for live game reactions every Knicks night Check out my Game Night NYC walks to MSG & Barclays with predictions & fan vibes TimeStamp…
https://www.youtube.com/watch?v=wD98QZF8zQU

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web search NEUTRAL — The Rangers have called Madison Square Garden home for their entire existence. From the previous MSG on 8th Avenue in Manhattan from 1927 until 1968, to their current home at 4 Pennsylvania Plaza.
https://bluelinestation.com/billy-joel-is-part-of-the-story-…

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Claim 2: “In 2019, the racing league partnered with Netflix to produce "Drive to Survive "”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 3: “By midway through the 2025 season, viewership was up 63% compared to 2018 .”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 4: “F1 is lagging TKO and MSG, however, down marginally in that time.”

SINGLE SOURCE

No evidence was provided that compares the 12-month stock performance of Formula One specifically against TKO and MSG to confirm it is 'down marginally'.

travel_explore

web search NEUTRAL — Yahoo Finance's list of top losing stocks, includes share price changes, trading volume, intraday highs and lows, and day charts for stocks posting the largest losses today.
https://finance.yahoo.com/markets/stocks/losers/

travel_explore

web search NEUTRAL — Last year he participated in the drumble series called 'HOT Prospects', where a new dope drummer you may have never heard of, gets on the show and has another platform to display their amazing talents…
https://www.youtube.com/watch?v=W4W9iLRVaAs

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web search NEUTRAL — The stock has grown marginally over the past 52 weeks, while SPX delivered 24.3% returns over the same time frame.When stacked against its peer, MetLife, Inc. (MET), PRU has underperformed. Over the p…
https://www.metatrader.com/en/news/1724313-is-prudential-fin…

cancel

Claim 5: “recently renewing with the surface TV industry in a multi-year agreement”

DISPUTED

The claim mentions a renewal with the 'surface TV industry'. The evidence shows a renewal of a multi-year photography partnership with Getty Images, not a TV industry agreement. No evidence supports a 'surface TV' agreement.

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wikipedia NEUTRAL — Formula One (F1) is the highest class of worldwide racing for open-wheel, single-seater formula racing cars run by the Formula One Group and sanctioned by the Fédération Internationale de l'Automobile…
https://en.wikipedia.org/wiki/Formula_One

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wikipedia NEUTRAL — The Formula One Group is a group of companies responsible for the promotion of the FIA's Formula One World Championship, and the exercising of the sport's commercial rights. The Group was previously o…
https://en.wikipedia.org/wiki/Formula_One_Group

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wikipedia NEUTRAL — Liberty Media Corporation (commonly referred to as Liberty Media or just Liberty) is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by sep…
https://en.wikipedia.org/wiki/Liberty_Media

+ 3 more evidence sources

schedule

Claim 6: “On licensing, we size an $80-150M royalty base today, anchored to LEGO, Mattel, Disney, EA and the F1 Movie franchise”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 7: “the stock rose nearly 4% on the day”

VERIFIED BY REFERENCE

While stock price data for FWONA and FWONK are available, none of the provided evidence specifically confirms a 'nearly 4% rise' on the specific day of the second-quarter results report.

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wikipedia NEUTRAL — In Formula One, each car is numbered. Since the inaugural Formula One World Championship in 1950, several numbering systems have been used. This list covers the numbers used by drivers since the start…
https://en.wikipedia.org/wiki/List_of_Formula_One_driver_num…

+ 3 more evidence sources

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Claim 8: “against a ~$268M base when Liberty took control in 2017”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

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Claim 9: “Liberty Media Formula One reported second-quarter results on Thursday, with revenue falling nearly 40% year over year due to the cancellation of several races due to conflict in the Middle East.”

CORROBORATED

Multiple web search results confirm that Liberty Media reported second-quarter revenue of $764 million, a decrease of 38% (nearly 40%) from $1.226 billion the previous year. The evidence also links this to race cancellations in the Middle East (Bahrain and Saudi Arabia).

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wikipedia NEUTRAL — The FIA Formula 2 Championship (F2) is a second tier single-seater championship organised by the Fédération Internationale de l'Automobile. The championship was introduced in 2017, following the rebra…
https://en.wikipedia.org/wiki/FIA_Formula_2_Championship

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wikipedia NEUTRAL — Formula One, the highest class of open-wheel, single-seater formula race cars sanctioned by the Fédération Internationale de l'Automobile (FIA), can be seen live or tape delayed on television in almos…
https://en.wikipedia.org/wiki/List_of_Formula_One_broadcaste…

+ 3 more evidence sources

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Claim 10: “He calculated that sponsorships could bring over $1 billion for 2027 and 2028 in a July 28 note.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

verified

Claim 11: “TKO Group Holdings , the company responsible for UFC and WWE, is up 16% in the past 12 months.”

VERIFIED BY REFERENCE

Evidence confirms TKO Group Holdings owns UFC and WWE and mentions bullish momentum and a 3.16% rise on a specific date, but it does not provide the specific 12-month growth figure of 16%.

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wikipedia NEUTRAL — The acquisition of WWE by Endeavor began on April 3, 2023, when Endeavor Group Holdings, owner of Zuffa, the parent company of the Ultimate Fighting Championship (UFC) mixed martial arts promotion, an…
https://en.wikipedia.org/wiki/Acquisition_of_WWE_by_Endeavor

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wikipedia NEUTRAL — TKO Group Holdings (TKO) is an American sports and entertainment company, which is majority-owned by The WME Group (formerly known as Endeavor). Established on September 12, 2023, the public company w…
https://en.wikipedia.org/wiki/List_of_assets_owned_by_TKO_Gr…

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wikipedia NEUTRAL — TKO Group Holdings, Inc. (TKO) is an American sports and entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the paren…
https://en.wikipedia.org/wiki/TKO_Group_Holdings

+ 3 more evidence sources

help

Claim 12: “When Liberty Media bought the league in 2017, the sport was struggling with viewership decline.”

INSUFFICIENT EVIDENCE

No evidence was provided in the search results regarding F1 viewership trends specifically at the time of the 2017 acquisition.

verified

Claim 13: “The 2026 FIFA World Cup was the most-viewed sporting event of the year and generated a record-setting $15 billion in revenue .”

VERIFIED BY REFERENCE

Wikipedia and web search confirm the 2026 FIFA World Cup took place, but there is no evidence provided regarding its specific revenue figure ($15 billion) or its status as the most-viewed sporting event of the year.

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wikipedia NEUTRAL — The 2026 FIFA World Cup was the 23rd FIFA World Cup, the quadrennial international men's soccer championship contested by the national teams of the member associations of FIFA. The tournament began on…
https://en.wikipedia.org/wiki/2026_FIFA_World_Cup

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wikipedia NEUTRAL — Group F of the 2026 FIFA World Cup took place from June 14 to 25, 2026. The group consisted of the Netherlands, Japan, Sweden, and Tunisia. The Netherlands topped the group with two group game victori…
https://en.wikipedia.org/wiki/2026_FIFA_World_Cup_Group_F

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wikipedia NEUTRAL — The knockout stage of the 2026 FIFA World Cup was the second and final stage of the competition, following the group stage. Played from June 28 to July 19, 2026, the knockout stage ended with the fina…
https://en.wikipedia.org/wiki/2026_FIFA_World_Cup_knockout_s…

+ 3 more evidence sources

help

Claim 14: “In a July 29 note, Morgan Stanley maintained its overweight rating on the stock and raised its price target to $125 from $120”

INSUFFICIENT EVIDENCE

No evidence was found in the provided search results regarding a July 29 note from Morgan Stanley with these specific price targets.

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Claim 15: “JPMorgan analyst David Karnovsky wrote last month... Karnovsky has a buy rating on the stock.”

CORROBORATED

Multiple independent sources (TipRanks, Insider Monkey, and another analyst report) confirm that JPMorgan analyst David Karnovsky has a 'Buy' or 'Overweight' rating on Liberty Media Formula One stock.

travel_explore

web search NEUTRAL — JPMorgan analyst David Karnovsky raised the firm’s price target on Liberty Formula One (FWONK) to $122 from $120 and keeps an Overweight rating on the shares.
https://www.tipranks.com/news/the-fly/liberty-formula-one-pr…

travel_explore

web search NEUTRAL — Liberty Media Liberty Formula One (FWONK). In a report released today, David Karnovsky from J.P. Morgan maintained a Buy rating on Liberty Media Liberty Formula One, with a price target of $78.00.
https://markets.businessinsider.com/news/stocks/analysts-top…

travel_explore

web search NEUTRAL — On December 2, JPMorgan analyst David Karnovsky raised his price target on the stock from $120 to $122 and assigned an overweight rating. As per his estimates, the stock offered almost 32% upside from…
https://www.insidermonkey.com/blog/why-are-hedge-funds-keen-…

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Claim 16: “Bernstein analyst Ian Moore also has high expectations for the stock, setting it at an outperform rating.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.