Formula One Group Q1 Revenue Rises 59%, Beats Wall Street Expectations

Formula One Group’s first-quarter revenue raced past Wall Street’s expectations on Thursday, powering the company’s Series C tracking stock (Nasdaq: FWONK) to over $93 per share—a more than 5% increase—after the market opened. Its Series A offering, which trades under the ticker FWONA and includes voting rights, rose almost 5% to nearly $86. A subsidiary […]