Kyle Grieve and Shawn O’Malley analyze Formula One Group, a business that commands nearly a billion global fans, generates billions in revenue from only 24 live events, and boasts free cash flow margins nearly any business would envy. What you’ll learn here: 00:00:00 - Intro 00:01:13 - How F1 generates billions of dollars from 24 live events 00:02:39 - Why most sports franchises fail to produce cash flow 00:04:31 - How Liberty got away from the tracking stock structure to simplify things 00:15:33 - How the Concorde agreements pose risk 00:20:31 - The debt structure Liberty built to help build sustainable cash flow 00:34:49 - Details of F1 Group’s other surprising racing league 00:42:22 - How Netflix’s streaming coverage of F1 helped grow the sport 00:54:53 - Why the business remains capital light 01:03:14 - Valuation discussion of F1 Group 01:04:23 - How cross-promotions and synergies create exciting new growth levers 01:09:51 - Intrinsic value of F1 Group 01:11:36 - Portfolio decision on F1 Group Transcript & Host Info: https://www.theinvestorspodcast.com/intrinsic-value-podcast/ 📨 Sign up for The Intrinsic Value Newsletter: https://www.theinvestorspodcast.com/subscribe-youtube/ 🤝 Join a curated group of passionate investors focused on intrinsic value, disciplined analysis, and uncovering high-quality stock ideas. https://theinvestorspodcast.com/mastermind ▶️ Related Episodes - Buying the Knicks & Rangers: $1 Dollar of Intrinsic Value for ¢50: https://youtu.be/C7StKB8053I - Churchill Downs Stock: Betting on the Kentucky Derby: https://youtu.be/pPyNeJb0P4Y - Can Benz Reinvent the Car?: https://youtu.be/lFuc2abTn8U Listen to our episodes here: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM Visit our website: https://www.theinvestorspodcast.com/intrinsic-value-podcast/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #Formula1 #F1Business #SportsInvesting #StockMarketAnalysis #ValueInvesting