CluenexLiberty Live (Series C) LLYVK
Liberty Live (Series C) scores average on business quality (5.3 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Liberty Live (Series C) does
Formula One Group generates revenue by promoting global motorsport events, selling broadcasting rights, and securing lucrative sponsorships. The business operates through the commercial rights of the FIA Formula One World Championship, monetizing elite racing entertainment for fans and corporate partners worldwide.
- What it does best
Formula One Group commands elite global sports promotion rights with a revenue growth rate of 22.7%, significantly outpacing peers like Disney at 3.3%. This exclusive ecosystem lock-in makes promoter agreements and circuits virtually impossible to replicate.
- The main risk
Carrying $5.1 billion in total debt against an interest coverage ratio of 1.8x leaves the balance sheet severely exposed to any macroeconomic downturn or disruption in race hosting fees.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins sit at 11.9% with a net margin of 4.9%, yielding an ROE of 2.7%. While revenue scales rapidly, profitability remains constrained by high operating and debt servicing costs.
The regulatory and promotional lock-in over premier motorsport creates a narrow moat, reflected by a gross margin of 35.5% that ranks in the bottom quartile of its sector at 14th percentile.
Revenue is surging at a 22.7% growth rate, outpacing historical figures as new race locations and fan engagement initiatives pull in higher promotion and media fees.
Total debt sits at $5.1 billion with an interest coverage ratio of 1.8x, leaving little room for error. Free cash flow stands at $786 million, getting softer compared to prior years.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on LLYVK
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Liberty Live (Series C) scores average on the Cluenex quality check (5.3 of 10), measured against its own industry. Profitability is weak, moat weak, growth fast and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 3, 2026.
See LLYVK today
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Cite this page: Cluenex, “Liberty Live (Series C) (LLYVK)”, https://cluenex.com/stocks/llyvk/, data as of Oct 10, 2026.