Liberty Media Corporation (NASDAQ:FWONA) (A) shares have soared to a 52-week high, reaching a price level of $86.74. With a substantial market capitalization of $21.5 billion and a P/E ratio of 80.2, this peak reflects a significant uptrend for the company, which has seen its stock value surge by 47.28% over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. Investors have shown increased confidence in Liberty Media's growth prospects, driving the stock to this new high. The company's performance over the last year indicates a robust bullish momentum, with an impressive 31% gain over the past six months alone. InvestingPro data reveals a "GREAT" overall financial health score of 3.17, suggesting strong fundamentals supporting the stock's momentum. Discover 15 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Liberty Media is under scrutiny as the European Union's antitrust division plans to investigate the company's acquisition of the MotoGP World Championship. The acquisition, valued at 3.5 billion euros, is part of Liberty Media's expansion into motorsports and raises concerns about potential reduction in competition in the broadcasting and streaming markets. The investigation is expected to escalate to a phase 2 probe by December 19, but the decision remains in draft form and subject to revision.
Meanwhile, Liberty Media reported significant developments in its Third Quarter Earnings Call. The company's Formula One (F1) group saw a 15% increase in revenue and a 21% rise in adjusted OIBDA, while the MotoGP acquisition is expected to close by year-end. Liberty Media also reported $2.7 billion in attributed cash and investments for the F1 group, and anticipates strong sponsorship growth for F1 in 2025.
Additionally, Liberty Media has plans for year-round activities in Las Vegas starting in late Q1 2025, which are expected to engage new fans. However, the Valencia MotoGP race was canceled due to flooding, with the final race moved to Barcelona. Despite these developments, Liberty Media remains committed to its motorsports investments and anticipates future growth.
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