Daniel Och ranks among the richest hedge fund managers in the world. Liberty Media Corporation (NASDAQ:FWONK) is Daniel Och’s largest holding, accounting for 4.79% ($465.3 million) of the billionaire’s total portfolio.
On May 8, Bernstein SocGen Group raised its price target for Liberty Media Corporation to $115 from $110 while keeping a Market Perform rating on the company’s shares. The firm also raised its Formula 1 sponsorship growth projections for 2026 to the high teens from the mid-teens.
The firm increased the cost of goods sold for Formula 1 and MotoGP and passed on additional income due to increased fuel costs, which had little effect on EBITDA. In its discounted cash flow methodology, Bernstein SocGen raised its long-term revenue growth projections by 50 basis points.
Meanwhile, according to Liberty Media Corporation, Formula 1 brought in $617 million in income during the first quarter of 2026, a 53% increase over the same period the previous year, despite the postponement of the Bahrain and Saudi Arabian Grands Prix. Similarly, operating income increased substantially to $107 million from a $28 million loss in the first quarter of 2025, while Adjusted OIBDA doubled to $172 million.
Liberty Media Corporation is an American mass media company. It has two divisions, each represented by a separate tracking stock, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment.
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