Yahoo Finance Formula One Group Second Quarter 2024 Earnings: EPS: US$0.10 (vs US$0.50 in 2Q 2023)
Formula One Group (NASDAQ:FWON.K) Second Quarter 2024 Results
Key Financial Results
Revenue: US$988.0m (up 37% from 2Q 2023).
Net income: US$24.0m (down 79% from 2Q 2023).
Profit margin: 2.4% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.10 (down from US$0.50 in 2Q 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 7.8% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Entertainment industry in the US.
Performance of the American Entertainment industry.
The company's shares are down 4.6% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Formula One Group that you need to be mindful of.
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