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Posted by Defense World Staff on Apr 17th, 2026

Baxter Bros Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 12,702 shares of the company’s stock, valued at approximately $617,000.

Other institutional investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $26,000. Peoples Financial Services CORP. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $37,000. Towne Trust Company N.A bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $44,000. Bernard Wealth Management Corp. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $58,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $79,000.

Analyst Ratings Changes SOLS has been the subject of a number of recent research reports. UBS Group downgraded shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price objective for the company. in a research report on Monday. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Finally, Mizuho set a $80.00 target price on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and a consensus price target of $67.00.

Get Our Latest Report on SOLS

Solstice Advanced Mat Price Performance Solstice Advanced Mat stock opened at $79.96 on Friday. The company has a 50 day moving average of $75.97. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $12.70 billion and a PE ratio of 307.54. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.44.

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 115.38%.

Solstice Advanced Mat Profile (Free Report)

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.

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Posted by Defense World Staff on Apr 20th, 2026

Patriot Financial Group Insurance Agency LLC bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,884 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $26,000. JNBA Financial Advisors acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $29,000. Peoples Financial Services CORP. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $37,000. Towne Trust Company N.A acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $44,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $58,000.

Wall Street Analysts Forecast Growth SOLS has been the subject of several research analyst reports. Royal Bank Of Canada upgraded shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research report on Friday, February 13th. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Wednesday, January 7th. Finally, UBS Group downgraded shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price target for the company. in a research report on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.00.

Read Our Latest Stock Analysis on Solstice Advanced Mat

Solstice Advanced Mat Stock Performance SOLS stock opened at $81.20 on Monday. The firm has a market cap of $12.89 billion and a P/E ratio of 312.31. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.98 and a current ratio of 1.39. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The company has a 50-day simple moving average of $76.30.

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The business had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS.

Solstice Advanced Mat Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were issued a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 115.38%.

Solstice Advanced Mat Profile (Free Report)

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.

Further Reading Five stocks we like better than Solstice Advanced Mat Want to see what other hedge funds are holding SOLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solstice Advanced Mat (NASDAQ:SOLS – Free Report).

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, /PRNewswire/ -- Solstice Advanced Materials (NASDAQ: SOLS), today announced that its Board of Directors has declared a regular quarterly dividend payment of seven and a half cents ($0.075) per share of the Company's common stock. The dividend will be payable on June 10, 2026, to shareowners of record as of the close of business on May 27, 2026.

About Solstice Advanced Materials 
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit www.Solstice.com. 

Forward-Looking Statements
This news release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include, without limitation, ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, and inflation, that can affect Solstice's performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, Solstice's 2025 Annual Report on Form 10-K, and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. Solstice does not undertake to update or revise any of its forward-looking statements, which speak only as of the date they are made..

Contacts:

SOURCE Solstice Advanced Materials US, Inc.

Net Sales of $991 million up 10% YoY reflecting double-digit growth in Nuclear, Electronic Materials, and Refrigerants Net Income attributable to Solstice Advanced Materials of $85 million, Diluted Earnings per Share (EPS) of $0.53, and Adjusted diluted EPS1 of $0.63 Adjusted EBITDA1 of $249 million, with Adjusted EBITDA Margin1 of 25.1% Operating Cash Flow of $199 million, Free Cash Flow1 of $124 million Company reaffirms Full-Year 2026 Guidance , /PRNewswire/ -- Solstice Advanced Materials (Nasdaq: SOLS) ("Solstice" or "the Company"), a global leader in high-performance specialty materials, today reported financial results for the first quarter of 2026.

"Solstice delivered a strong start to 2026, with results ahead of our first-quarter outlook and continued momentum in our highest-growth platforms," said David Sewell, President and Chief Executive Officer. "Demand in Nuclear, Electronic Materials and Refrigerants remains robust, reinforcing our confidence in the secular growth trends driving our business including artificial intelligence, data centers, semiconductor manufacturing and nuclear energy. We are investing behind these opportunities with discipline, while maintaining balance sheet flexibility and returning cash to shareholders through our dividend. Although we continue to manage near-term refrigerant mix dynamics and an uncertain macroeconomic backdrop, our first-quarter execution gives us confidence in our ability to deliver our full-year commitments."

Consolidated Financial Highlights

For The Three Months Ended March 31,

(Dollars in millions, except per share amounts)

2026

2025

% Change

Net Sales

$          991

$          897

10 %

Net Income attributable to Solstice Advanced
Materials

$            85

$          134

(37) %

Diluted EPS

$         0.53

$         0.85

(37) %

Adjusted diluted EPS1

$         0.63

N/A

N/A

Adjusted EBITDA1,2

$          249

$          250

— %

Adjusted EBITDA Margin1,2

25.1 %

27.9 %

(277) bps

Net Sales in the first quarter of 2026 were $991 million, a 10% increase compared to the first quarter of 2025, reflecting a 12% increase in Net Sales in the Refrigerants & Applied Solutions segment and a 7% increase in Net Sales in the Electronic & Specialty Materials segment. Organic Net Sales1 increased by 8% in the first quarter of 2026 driven by both volume growth and favorable pricing.

Net Income attributable to Solstice Advanced Materials in the first quarter of 2026 was $85 million, compared to Net Income attributable to Solstice Advanced Materials of $134 million in the first quarter of 2025. The decline was primarily driven by higher standalone company operating costs, R&D investments, net interest expense, and non-controlling interest, partially offset by higher Net Sales.

Adjusted EBITDA1,2 for the first quarter of 2026 was $249 million relatively unchanged compared to the first quarter of 2025. Adjusted EBITDA Margin1,2 for the first quarter of 2026 decreased 277 basis points to 25.1%. The decrease was primarily driven by previously communicated factors including the near-term margin impact of the ongoing transition to low global warming potential ("LGWP") refrigerants and higher R&D spend, partially offset by volume growth and favorable pricing.

Financial Position

Operating Cash Flow for the first quarter of 2026 was $199 million. Capital Expenditures3 for the first quarter of 2026 were $82 million, a 32% increase compared to the prior-year period due to planned increases in capital spending intended to drive long-term growth. Free Cash Flow1 for the first quarter of 2026 was $124 million.

As of March 31, 2026, the Company's Total Long-Term Debt was $2.0 billion and Cash and Cash Equivalents were approximately $642 million. As a result, the Company's Net Leverage ratio was approximately 1.4x based on a trailing twelve-month Adjusted EBITDA1. Total liquidity was approximately $1.6 billion, including Cash and Cash Equivalents and $1.0 billion of availability through the Company's revolving credit facility.

Capital Deployment

The Company announced on April 27, 2026, that the Solstice Board of Directors approved a quarterly cash dividend of $0.075 per share. The dividend is expected to be paid on June 10, 2026 to shareowners of record as of May 27, 2026. 

Segment Highlights
Refrigerants & Applied Solutions (RAS)

For The Three Months Ended March 31,

(Dollars in millions)

2026

2025

% Change

Net Sales

Refrigerants

$           389

$           326

19 %

Building Solutions & Intermediates

167

183

(8) %

Nuclear

107

84

27 %

Healthcare Packaging

47

43

9 %

RAS Segment Net Sales

$          711

$          636

12 %

RAS Segment Adjusted EBITDA

$          242

$          250

(3) %

RAS Segment Adjusted EBITDA Margin

34.1 %

39.3 %

(522) bps

Net Sales for the Refrigerants & Applied Solutions segment were $711 million in the first quarter of 2026, up 12% compared to the first quarter of 2025. Net Sales in Refrigerants increased 19% in the first quarter of 2026 compared to the first quarter of 2025, reflecting strong volume and pricing across the business' product offerings. Nuclear revenues increased 27% in the first quarter of 2026 compared to the first quarter of 2025, reflecting both favorable pricing and increased volumes. Net Sales in Healthcare Packaging improved 9%, as customer demand patterns recovered following destocking in the second half of 2025. These increases were partially offset by an 8% decline in Building Solutions & Intermediates.

Segment Adjusted EBITDA for the Refrigerants & Applied Solutions segment decreased 3% in the first quarter of 2026 compared to the first quarter of 2025. Segment Adjusted EBITDA Margin for the segment decreased 522 basis points compared to the first quarter of 2025. The decrease was primarily driven by previously communicated changes in refrigerant mix as a result of the near-term impact of the ongoing transition to LGWP refrigerants, as well as higher R&D spend as we advance next-generation molecules. These decreases were partially offset by volume growth and favorable pricing.

Electronic & Specialty Materials (ESM)

For The Three Months Ended March 31,

(Dollars in millions)

2026

2025

% Change

Net Sales

Research & Performance Chemicals

$          121

$          121

— %

Electronic Materials

109

90

21 %

Safety & Defense Solutions

50

50

— %

ESM Segment Net Sales

$          281

$          261

7 %

ESM Segment Adjusted EBITDA

$            58

$            53

10 %

ESM Segment Adjusted EBITDA Margin

20.8 %

20.3 %

52 bps

Net Sales for the Electronic & Specialty Materials segment were $281 million in the first quarter of 2026, up 7% compared to the first quarter of 2025. Growth was primarily driven by a 21% increase in Electronic Materials reflecting volume growth on robust customer demand for deposition and thermal solutions in leading-edge applications. Safety & Defense sales were comparable to the prior year period due primarily to order timing. Research and Performance Chemicals revenues were unchanged reflecting growth in personal care, offset by ongoing end-market softness in construction markets.

Segment Adjusted EBITDA for the Electronic & Specialty Materials segment increased 10% in the first quarter of 2026 compared to the first quarter of 2025, primarily driven by volume growth in Electronic Materials. Segment Adjusted EBITDA Margin for the segment increased 52 basis points compared to the first quarter of 2025.

Corporate Expenses

Corporate Expenses totaled $52 million in the first quarter of 2026, compared to $32 million in the first quarter of 2025 due to incremental ongoing costs necessary to operate as an independent public company. There were no standalone cost adjustments in the first quarter of 2026, compared to $21 million in the first quarter of 2025, which was prior to the separation from Honeywell on October 30, 2025.

Income Tax Expense

Income Tax Expense was $31 million in the first quarter of 2026, a decrease of $16 million compared to the first quarter of 2025 due to lower pre-tax income, reflecting an adjusted effective tax rate of 23%.

2026 Financial Outlook

Solstice is reaffirming full-year 2026 financial guidance and providing guidance for the second quarter of 2026.

For full-year 2026, Solstice expects the following:

Net Sales in a range of $3.9 billion to $4.1 billion; Adjusted EBITDA1 in a range of $975 million to $1,025 million; Adjusted diluted EPS1 in a range of $2.45 and $2.75; and Capital Expenditures in a range of $400 million to $425 million. For the second quarter 2026, Solstice expects the following:

Net Sales in a range of $1.06 billion to $1.1 billion; and Adjusted EBITDA Margin1 in a range of 25% to 26%. "While the macroeconomic outlook remains uncertain, we are confident in our ability to deliver on our full-year 2026 targets," said David Sewell, President and Chief Executive Officer. "We remain focused on driving shareholder value as we execute our strategy and position Solstice for continued long-term success."

2026 Nuclear Business Informational Webinar

The Company plans to host an informational webinar on its Nuclear business on Thursday, June 4, 2026. A live webcast of the investor call as well as related presentation materials on the Investor Relations section of the Company's website, investor.solstice.com. Dial-in details will be made available closer to the event.

A replay of the webcast will be available shortly after the event concludes and will be available for 30 days following the presentation.

The Company does not provide a reconciliation of forward-looking Adjusted EBITDA (non-GAAP) or Adjusted diluted Earnings per Share to GAAP net income (loss) attributable to Solstice Advanced Materials, due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because deductions (such as repositioning charges, impairment charges, and litigation and other matters) used to calculate projected net income (loss) vary based on actual events, the Company is not able to forecast on a GAAP basis with reasonable certainty all deductions needed in order to provide a GAAP calculation of projected net income (loss) at this time. The amount of these deductions may be material and, therefore, could result in projected GAAP net income (loss) being materially less than projected Adjusted EBITDA (non-GAAP) or Adjusted Net Income attributable to Solstice (non-GAAP). These statements represent forward-looking information and a projected financial outlook, and actual results may vary. Please see the risks and assumptions referred to in the "Forward-Looking Statements" section of this news release. The guidance in this news release is only effective as of the date it is given and will not be updated or affirmed unless and until the Company publicly announces updated or affirmed guidance.

________________________________________

1

This is a non-GAAP measure or a non-GAAP ratio. For further information on non-GAAP measures and non-GAAP ratios, please refer to the "Non-GAAP Financial Measures" section of this news release. Please also refer to tables at the end of this news release for a reconciliation of historical non-GAAP measures and ratios to the most directly comparable GAAP measure.

2

The three months ended March 31, 2025 represents Adjusted Standalone EBITDA (non-GAAP) and Adjusted Standalone EBITDA Margin (non-GAAP).

3

Capital expenditures represent capital expenditures incurred, whether accrued or paid in the current year.

Conference Call Details

Solstice will discuss its first quarter results during an investor conference call starting at 8:30 a.m. Eastern Time today. A live webcast of the investor call as well as related presentation materials will be available on the Investor Relations section of the Company's website, investor.solstice.com. The teleconference can be accessed by dialing 877-407-8029 (North America toll-free) or +1 201-689-8029 (international).

A replay of the webcast will be available shortly after the call concludes and will be available for 30 days following the presentation.

About Solstice Advanced Materials

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry's most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents and pending applications, Solstice's approximately 4,100 employees worldwide drive innovation in materials science. For more information, visit www.Solstice.com. 

Forward-Looking Statements

This news release contains forward-looking statements, within the meaning of the federal securities laws made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 about us and our industry that involve substantial risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about our industry and our business and financial results. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "positioned," "projects," "forecasts," "intends," "plans," "continues," "could," "believes," "may," "will," "would," "should," "goals" and words and terms of similar substance in connection with discussions of future operating or financial performance. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Our actual results may vary materially from those expressed or implied in our forward-looking statements. Accordingly, undue reliance should not be placed on any forward-looking statement made by us or on our behalf. Although we believe that the forward-looking statements contained in this report are based on reasonable assumptions, you should be aware that a variety of factors, many of which are difficult to predict and outside of our control, could affect our actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including, but not limited to: our limited operating history as an independent, publicly traded company and unreliability of historical consolidated financial information as an indicator of our future results; our ability to successfully develop new technologies and introduce new products; an overall decline in the health of the economy and the industries in which we operate, including as a result of inflation, tariffs and other trade barriers and restrictions, market volatility, geopolitical instability and social unrest, the possibility of an economic downturn or recession or other macroeconomic factors; changes in the price and availability of raw materials that we use to produce our products, including due to factors such as supply chain disruptions, including due to increased energy prices, and the impact of inflation; our ability to comply with complex government regulations and the impact of changes in such regulations; global climate change and related regulations and changes in customer demand; the public and political perceptions of nuclear energy and radioactive materials; economic, political, regulatory, foreign exchange and other risks of international operations; the impact of tariffs or other restrictions on foreign imports; our ability to borrow funds and access capital markets and any limitations in the terms of our indebtedness; our ability to compete successfully in the markets in which we operate; the effect on our revenue and cash flow from seasonal fluctuations and cyclical market conditions; concentrations of our credit, counterparty and market risk; our ability to successfully execute or effectively integrate potential acquisitions or complete potential divestitures; our joint ventures and strategic co-development partnerships; our ability to recruit and retain qualified personnel; potential material environmental liabilities; the hazardous nature of chemical manufacturing; decommissioning and remediation expenses and regulatory requirements; potential material litigation matters, including disputes related to the Spin-off (as defined herein); the impact of potential cybersecurity attacks, data privacy breaches and other operational disruptions; increasing stakeholder interest in public company performance, disclosure, and goal-setting with respect to sustainability matters; failure to maintain, protect and enforce our intellectual property or to be successful in litigation related to our intellectual property or the intellectual property of others, or competitors developing similar or superior intellectual property or technology; unforeseen U.S. federal income tax and foreign tax liabilities and our ability to achieve anticipated tax treatments in connection with the Spin-off; U.S. federal income tax reform; our ability to operate as an independent, publicly traded company without certain benefits available to us as a part of Honeywell International Inc. ("Honeywell") prior to the Spin-off, including managing the costs of operating as an independent company following the Spin-off; our ability to achieve some or all of the benefits that we expect to achieve from the Spin-off; our inability to maintain intellectual property agreements; potential timing, declaration, amount and payment of the Company's dividend program; potential cash contributions to defined benefit pension plans; and our ability to maintain proper and effective internal controls.

These and other factors are more fully discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections included in our Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 19, 2026, and may be updated from time to time in our SEC filings. These risks could cause actual results to differ materially from those implied by forward-looking statements in this release. Even if our results of operations, financial condition and liquidity and the development of the industry in which we operate are consistent with the forward-looking statements contained in this release, those results or developments may not be indicative of results or developments in subsequent periods.

SOLSTICE ADVANCED MATERIALS INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(AMOUNTS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)

For The Three Months Ended
March 31,

2026

2025

Product sales

$          915

$          838

Service sales

77

59

Net sales

991

897

Costs, expenses and other

Cost of products sold

628

531

Cost of services sold

47

45

Total cost of products and services sold

675

577

Research and development expenses

28

22

Selling, general and administrative expenses

108

93

Transaction-related costs

23

28

Other expense (income)

(7)

(11)

Interest and other financial charges

29

1

Total costs, expenses and other

855

710

Income before taxes

136

188

Income tax expense

31

47

Net income

105

140

Less: Net income attributable to noncontrolling interest

20

6

Net income attributable to Solstice Advanced Materials

$            85

$          134

Basic earnings per share

$          0.53

$          0.85

Diluted earnings per share

$          0.53

$          0.85

Weighted average number of common shares outstanding - basic

158.8

158.7

Weighted average number of common shares outstanding - diluted

159.3

158.7

SOLSTICE ADVANCED MATERIALS INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)

As of

March 31, 2026

December 31,
2025

ASSETS

Current assets:

Cash and cash equivalents

$            642

$            534

Accounts receivable, less allowances of $5 and $10, respectively

632

645

Inventories

704

715

Product loans receivable, current

311

300

Other current assets

146

193

Total current assets

2,436

2,388

Property, plant and equipment – net

2,084

2,055

Goodwill

819

820

Intangible assets – net

48

49

Deferred income taxes

6

6

Equity method investments

168

162

Other noncurrent assets

188

192

Total assets

$          5,748

$          5,673

LIABILITIES

Current liabilities:

Accounts payable

$            910

$            909

Current portion of long-term debt

6

4

Product loans payable, current

331

320

Finance lease liabilities, current

14

14

Accrued and other liabilities, current

444

467

Total current liabilities

1,705

1,713

Long-term debt

1,965

1,968

Deferred income taxes

237

233

Product loans payable, noncurrent

16

16

Finance lease liabilities, noncurrent

100

104

Other noncurrent liabilities

254

262

Total liabilities

4,275

4,296

Commitments and Contingencies

EQUITY

Common stock (par value $0.01 per share; 500,000,000 shares authorized; 158,795,531
shares issued and outstanding at March 31, 2026; 158,747,196 shares issued and
outstanding at December 31, 2025)

2

2

Additional paid-in capital

1,500

1,495

Accumulated other comprehensive loss

(128)

(127)

Retained earnings

113

41

Total Solstice Advanced Materials shareowners' equity

1,486

1,411

Noncontrolling interest

(14)

(34)

Total equity

1,473

1,377

Total liabilities and equity

$          5,748

$          5,673

SOLSTICE ADVANCED MATERIALS INC.
SUMMARIZED CASH FLOW INFORMATION (UNAUDITED)
(DOLLARS IN MILLIONS)

For The Three Months Ended
March 31,

2026

2025

Net cash provided by operating activities

$          199

$          160

Net cash used for investing activities:

Capital expenditures paid

$           (75)

$           (62)

Net cash used for financing activities:

Dividends

$           (12)

$            —

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures to supplement the financial measures prepared in accordance with U.S. GAAP. These include (1) Organic sales percentage, (2) Adjusted EBITDA, (3) Adjusted EBITDA Margin, (4) Adjusted Standalone EBITDA, (5) Adjusted Standalone EBITDA margin, (6) Adjusted Net Income attributable to Solstice, (7) Adjusted diluted EPS, (8) Free cash flow, (9) Net debt, (10) Total leverage ratio, and (11) Net leverage ratio.

Below are definitions and reconciliations of certain non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes these non-GAAP financial measures provide investors with a meaningful measure of its performance period to period, align the measures to how management evaluates performance internally, and make it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most directly comparable U.S. GAAP measure. The non-GAAP financial measures we use are as follows:

Organic sales percentage: The Company defines organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Standalone EBITDA, and Adjusted Standalone EBITDA margin: The Company defines Adjusted EBITDA as net income excluding income taxes, depreciation, amortization, interest and other financial charges, remeasurement of foreign currencies, stock-based compensation expense, nonoperating pension expense (income), transaction-related costs, repositioning charges, asset retirement obligations accretion, asset impairment charges, litigation costs and insurance settlements (net of recoveries), gains and losses on disposal of assets, and certain other items that are otherwise of an unusual or non-recurring nature. The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by Net sales. The Company defines Adjusted Standalone EBITDA as Adjusted EBITDA less, for fiscal year 2025, estimated recurring and ongoing costs required to operate a new independent public company, and autonomous entity adjustments as well as adjustments for certain other employee compensation expense for employees that have historically been shared with other Honeywell businesses and were transferred to the Company in connection with the spin-off. The Company defines Adjusted Standalone EBITDA Margin as Adjusted Standalone EBITDA divided by Net sales. We believe these measures are useful to investors as they provide greater transparency with respect to supplemental information used by management in its financial and operational decision making, as well as understanding ongoing operating trends. Adjusted net income attributable to Solstice and Adjusted diluted EPS: The Company defines Adjusted net income attributable to Solstice as Net income attributable to Solstice Advanced Materials excluding the after-tax impact - based on the tax rates by jurisdiction, net of discrete items - of amortization of acquired intangibles, remeasurement of foreign currencies, nonoperating pension expense (income), transaction-related costs, repositioning charges, asset retirement obligations accretion, asset impairment charges, litigation costs and insurance settlements (net of recoveries), gains and losses on disposal of assets, and certain other items that are otherwise of an unusual or non-recurring nature. We believe Adjusted net income attributable to Solstice is useful to investors as it provides greater transparency with respect to supplemental information used by management in its financial and operational decision making, as well as in understanding ongoing operational trends. The Company defines Adjusted diluted EPS as Adjusted net income attributable to Solstice divided by diluted weighted average shares outstanding to reflect shares that are dilutive or anti-dilutive based on the amount of Adjusted net income attributable to Solstice. The weighted average common shares outstanding used to calculate Adjusted diluted earnings (loss) per share will differ from such shares used to calculate diluted earnings (loss) per share (GAAP) when the inclusion of dilutive shares has an anti-dilutive effect for one calculation but not for the other. We believe Adjusted diluted EPS is useful to investors as it provides greater transparency with respect to supplemental information used by management in its financial and operational decision making, as well as in understanding ongoing operational trends. Free cash flow: The Company defines free cash flow as net cash provided by operating activities less net capital expenditures. Net capital expenditures include capital expenditures paid less proceeds from the disposals of property, plant, and equipment. We believe this measure is useful to investors and management as a measure of cash generated by operations that can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Net debt, total leverage ratio and net leverage ratio: The Company defines net debt as total debt less cash. The Company defines total leverage ratio as total debt divided by Adjusted EBITDA. The Company defines net leverage ratio as net debt divided by Adjusted EBITDA. For purposes of showing total leverage ratio and net leverage ratio, we use Adjusted Standalone EBITDA instead of Adjusted EBITDA. We believe these measures are useful to investors and management in understanding our overall financial condition. Organic Sales Percentage

For The Three
Months Ended
March 31,

2026 vs. 2025

Total % change in net sales

10.5 %

Foreign currency translation

(2.5) %

Acquisitions, divestitures and other, net

— %

Organic sales percentage

8.0 %

Adjusted EBITDA, Adjusted Standalone EBITDA, Adjusted EBITDA margin and Adjusted Standalone
EBITDA margin

For The Three Months Ended
March 31,

For The LTM(1)
Ended March
31,

(Dollars in millions)

2026

2025

2026

Net income attributable to Solstice Advanced Materials
  (GAAP)

$            85

$          134

$          188

Net income attributable to noncontrolling interest

20

6

61

Net income (GAAP)

$          105

$          140

$          249

Depreciation

53

50

194

Amortization

6

7

28

Interest and other financial charges

29

1

56

Other adjustments(1)

(2)

(8)

(33)

Stock-based compensation expense

5

6

27

Transaction-related costs

23

28

113

Income tax expense

31

47

346

Adjusted EBITDA (Non-GAAP)

$          249

$          271

$          978

Less - Standalone adjustments

—

(21)

(22)

Adjusted Standalone EBITDA (Non-GAAP)

$          249

$          250

$          956

Net Sales

$          991

$           897

$         3,980

Adjusted EBITDA Margin (Non-GAAP)

25.1 %

30.2 %

24.6 %

Adjusted Standalone EBITDA Margin (Non-GAAP)

25.1 %

27.9 %

24.0 %

_________________

1.

LTM stands for "last twelve months."

2.

Other adjustments primarily consisted of gains and losses from disposal of long-lived assets, remeasurement of foreign currencies, environmental reserves, asset retirement obligations, nonoperating pension expense (income), and certain legal costs, net of recoveries.

Adjusted net income attributable to Solstice and Adjusted diluted EPS

For The
Three Months
Ended March
31, 2026

Net income attributable to Solstice Advanced Materials (GAAP)

$            85

Transaction-related costs

23

Amortization of acquired intangible assets

1

Other adjustments(1)

(2)

Tax effect of above adjusting items

(5)

Adjusted net income attributable to Solstice (Non-GAAP)

$          100

Diluted weighted average shares outstanding

159.3

Diluted EPS (GAAP)

$          0.53

Adjusted diluted EPS (Non-GAAP)

$          0.63

_________________

1.

Other adjustments primarily consisted of gains and losses from disposal of long-lived assets, remeasurement of foreign currencies, environmental reserves, asset retirement obligations, nonoperating pension expense (income), and certain legal costs, net of recoveries.

 Free cash flow

(Dollars in millions)

For The
Three Months
Ended March
31, 2026

Net cash provided by operating activities (GAAP)

$          199

Less: capital expenditures paid

(75)

Free cash flow (Non-GAAP)

$          124

 Net debt, total leverage ratio and net leverage ratio as of March 31, 2026

(Dollars in millions)

Total Debt

$        1,971

Less: Cash and Cash Equivalents

(642)

Net Debt (Non-GAAP)

$        1,329

LTM Adjusted Standalone EBITDA (Non-GAAP)

$          956

Total Leverage Ratio (Non-GAAP)

            2.1x

Net Leverage Ratio (Non-GAAP)

            1.4x

Reconciliation of Segment Adjusted EBITDA to Adjusted Standalone EBITDA

For The Three Months Ended
March 31,

(Dollars in millions)

2026

2025

RAS Segment Adjusted EBITDA

$          242

$          250

ESM Segment Adjusted EBITDA

58

53

Segment Adjusted EBITDA

$          301

$          303

Less:

Corporate and All Other

(52)

(32)

Standalone Adjustments

—

(21)

Adjusted Standalone EBITDA (Non-GAAP)

$          249

$          250

SOURCE Solstice Advanced Materials US, Inc.

/PRNewswire/ -- A new industry study released today and developed by a technical working group co-led by The Chemours Company (Chemours) (NYSE: CC) and

Solstice Advanced Materials, Inc. (SOLS) Discusses Nuclear Business Strategy and Market Position in Uranium Hexafluoride Conversion Transcript

NEW YORK, June 08, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of POET Technologies Inc. (NASDAQ: POET) between April 1, 2026 and 08:57 AM ET on April 27, 2026, inclusive (the “Class Period”), of the important June 29, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased POET Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or “PFIC”) under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies’ valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies’ business prospects, and (4) as a result, defendants’ statements about POET Technologies’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

, /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of POET Technologies Inc. (NASDAQ: POET) between April 1, 2026 and 08:57 AM ET on April 27, 2026, inclusive (the "Class Period"), of the important June 29, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

So What: If you purchased POET Technologies securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. 

Details of the case: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies' valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies' business prospects, and (4) as a result, defendants' statements about POET Technologies' business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the POET Technologies class action, go to https://rosenlegal.com/submit-form/?case_id=62524 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

       Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

LOS ANGELES, June 09, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises POET Technologies, Inc., (“POET Technologies” or the "Company") (NASDAQ: POET) investors of a class action on behalf of investors that bought securities between April 1, 2026 and April 27, 2026, inclusive (the “Class Period”). POET Technologies investors have until June 23, 2026 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: [email protected], to discuss their legal rights, or join the case via https://portnoylaw.com/poet-technologies-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

On April 27, 2026, Investing.com published an article entitled “POET Technologies stock tumbles after losing Marvell orders.” The article reported that POET stock fell “after the company disclosed the cancellation of all purchase orders from Celestial AI, now owned by Marvell Semiconductor Inc. Marvell provided written notice on April 23, 2026, canceling all purchase orders, including those for initial production units first announced by POET in a press release on April 25, 2023. Marvell cited the company’s disclosures of information related to the purchase orders and shipping details as violations of confidentiality obligations.” On this news, POET’s stock price fell $7.15 per share, or 47.35%, to close at $7.95 per share on April 27, 2026.

The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
[email protected]
310-692-8883
www.portnoylaw.com

Attorney Advertising

NEW YORK, June 09, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against POET Technologies Inc. (“POET” or the “Company”) (NASDAQ: POET). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

The class action concerns whether POET and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

You have until June 29, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired POET securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.   

[Click here for information about joining the class action]  

On April 27, 2026, Investing.com published an article entitled “POET Technologies stock tumbles after losing Marvell orders.”  The article reported that POET stock fell “after the company disclosed the cancellation of all purchase orders from Celestial AI, now owned by Marvell Semiconductor Inc.  Marvell provided written notice on April 23, 2026, canceling all purchase orders, including those for initial production units first announced by POET in a press release on April 25, 2023.  Marvell cited the company’s disclosures of information related to the purchase orders and shipping details as violations of confidentiality obligations.” 

On this news, POET’s stock price fell $7.15 per share, or 47.35%, to close at $7.95 per share on April 27, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising. Prior results do not guarantee similar outcomes.  

CONTACT: 
Danielle Peyton 
Pomerantz LLP 
[email protected] 
646-581-9980 ext. 7980 

Deadline Alert: Understanding Lead Plaintiff Selection Under the PSLRA in the POET Technologies Securities Action Where Shareholders Lost $7.15 Per Share

, /PRNewswire/ -- IMPORTANT DATE: June 29, 2026. Investors who purchased POET Technologies Inc. (NASDAQ: POET) securities between April 1, 2026 and April 27, 2026 and wish to seek appointment as lead plaintiff must file a motion by this date. Start your claim now before the deadline or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

POET shares lost $7.15 per share, a 47.3% single-day collapse, after the Company disclosed the cancellation of all Celestial AI purchase orders due to an alleged confidentiality breach. The lead plaintiff deadline is June 29, 2026.

What is a Lead Plaintiff?

Under the Private Securities Litigation Reform Act of 1995 ("PSLRA"), Congress established a structured process for selecting a lead plaintiff in securities class actions. The lead plaintiff is the shareholder or group of shareholders appointed by the court to represent the entire class. In the POET Technologies action, this means representing all purchasers of POET securities between April 1, 2026 and April 27, 2026 who suffered losses when alleged misrepresentations about PFIC tax status and confidential business relationships were revealed.

Lead Plaintiff Facts

The court typically appoints the applicant with the largest financial interest in the relief sought Lead plaintiffs direct the litigation strategy and select lead counsel on behalf of the class Serving as lead plaintiff costs nothing out of pocket; attorneys work on a contingency basis approved by the court Lead plaintiffs may provide testimony at deposition or trial if the case does not settle Any investor who purchased POET securities during the Class Period may apply regardless of loss size Multiple investors may join together as a lead plaintiff group to aggregate their losses Post-Deadline Procedures

After June 29, 2026, the court will review all competing motions and appoint the lead plaintiff it deems most adequate. The appointed lead plaintiff then selects lead counsel, and the consolidated action proceeds. This process typically takes 60 to 90 days following the deadline.

Absent Class Member Rights

Investors who do not apply for lead plaintiff status are not excluded from the case. Absent class members retain the right to participate in any recovery without taking any action before the deadline. The deadline applies solely to those seeking to lead the litigation on behalf of the class.

"The lead plaintiff process is designed to ensure the class is represented by shareholders with substantial interests in the outcome. In the POET Technologies case, the court will evaluate which applicant is best positioned to oversee claims arising from the alleged PFIC misrepresentation and confidentiality breach that destroyed a critical customer relationship." — Joseph E. Levi, Esq.

Find out if you qualify to recover losses or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com

Frequently Asked Questions About the POET Lawsuit

Q: What is the POET lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is June 29, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: How do I know if I lost enough money to be the lead plaintiff? A: There is no minimum loss threshold. Courts appoint the investor with the largest provable loss who is willing and able to represent the class adequately. Contact Levi & Korsinsky before June 29, 2026 to evaluate.

Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.

Q: What do POET investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.

Q: What if I already sold my POET shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In POET Technologies To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in POET Technologies between April 1, 2026 and 08:57 AM EST on April 27, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - June 10, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against POET Technologies, Inc. ("POET Technologies" or the "Company") (NASDAQ: POET) and reminds investors of the June 29, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Watch our latest video highlighting the key allegations: https://youtu.be/zdxRFbToG4A

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) POET Technologies misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; (2) the foregoing tax issue would, if discovered, make POET Technologies a less attractive investment than it would otherwise be, thus threatening POET Technologies' valuation; (3) Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET Technologies' business agreements in a public interview, thus endangering POET Technologies' business prospects, and (4) as a result, defendants' statements about POET Technologies' business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On April 27, 2026, Investing.com published an article entitled "POET Technologies stock tumbles after losing Marvell orders." The article stated that POET Technologies stock fell "after the company disclosed the cancellation of all purchase orders from Celestial AI, now owned by Marvell Semiconductor Inc. Marvell provided written notice on April 23, 2026, canceling all purchase orders, including those for initial production units first announced by POET Technologies in a press release on April 25, 2023. Marvell cited the company's disclosures of information related to the purchase orders and shipping details as violations of confidentiality obligations."

Following this news, POET Technologies' stock dropped more than 45% during intraday trading on April 27, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding POET Technologies' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the POET Technologies class action, go to www.faruqilaw.com/POET or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300757

Source: Faruqi & Faruqi LLP

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New York, New York--(Newsfile Corp. - June 10, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against POET Technologies Inc. (NASDAQ: POET) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired POET Technologies Inc. securities between April 1, 2026 and April 27, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/POET.

POET Technologies Inc. Case Details

The Complaint alleges that the Defendants made false and/or misleading statements and/or failed to disclose that:

POET misrepresented its tax status due to it likely being deemed a passive foreign investment company (or "PFIC") under U.S. tax laws which, if not properly reported by each U.S. stockholder, would have negative tax implications for those U.S. stockholders; the foregoing tax issue would, if discovered, make POET a less attractive investment than it would otherwise be, thus threatening POET's valuation; Defendant Thomas Mika, despite affirming that he was not violating a non-disclosure agreement, in fact violated a business agreement by speaking about POET's business agreements in a public interview, thus endangering POET's business prospects, and as a result, Defendants' statements about POET's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.What's Next for POET Technologies Inc. Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/POET, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in POET Technologies Inc. you have until June 29, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to POET Technologies Inc. Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for POET Technologies Inc. Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294973

Source: Bronstein, Gewirtz & Grossman, LLC

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, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against POET Technologies Inc. ("POET" or "the Company") (NASDAQ: POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of POET during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: April 1, 2026 to April 27, 2026

DEADLINE: June 29, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. The likelihood of POET being declared a passive foreign investment company ("PFIC") led it to misrepresenting its tax status. Based on these facts, POET's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

 Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

SOURCE DJS Law Group LLP

POET Technologies Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - POET PR Newswire

LOS ANGELES, June 11, 2026

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against POET Technologies Inc. ("POET" or "the Company") (NASDAQ: POET) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of POET during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: April 1, 2026 to April 27, 2026

DEADLINE: June 29, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. The likelihood of POET being declared a passive foreign investment company ("PFIC") led it to misrepresenting its tax status. Based on these facts, POET's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

View original content:https://www.prnewswire.com/news-releases/poet-technologies-inc-sued-for-securities-law-violations---contact-the-djs-law-group-to-discuss-your-rights--poet-302797475.html

SOURCE DJS Law Group LLP

Posted by Defense World Staff on Apr 27th, 2026

BuzzFeed (NASDAQ:BZFD – Get Free Report) and Liberty Media Corporation – Liberty Formula One Series C (NASDAQ:FWONK – Get Free Report) are both consumer discretionary companies, but which is the better investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, earnings, profitability, institutional ownership, valuation and risk.

Analyst Recommendations This is a summary of recent ratings and recommmendations for BuzzFeed and Liberty Media Corporation – Liberty Formula One Series C, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score BuzzFeed 1 1 0 0 1.50 Liberty Media Corporation – Liberty Formula One Series C 0 5 6 0 2.55 BuzzFeed presently has a consensus target price of $1.00, suggesting a potential upside of 34.43%. Liberty Media Corporation – Liberty Formula One Series C has a consensus target price of $110.78, suggesting a potential upside of 25.03%. Given BuzzFeed’s higher probable upside, equities analysts clearly believe BuzzFeed is more favorable than Liberty Media Corporation – Liberty Formula One Series C.

Profitability This table compares BuzzFeed and Liberty Media Corporation – Liberty Formula One Series C’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets BuzzFeed -31.16% -75.23% -28.40% Liberty Media Corporation – Liberty Formula One Series C N/A N/A N/A Insider & Institutional Ownership 37.6% of BuzzFeed shares are held by institutional investors. Comparatively, 92.3% of Liberty Media Corporation – Liberty Formula One Series C shares are held by institutional investors. 20.3% of BuzzFeed shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Risk & Volatility BuzzFeed has a beta of 3.43, meaning that its stock price is 243% more volatile than the S&P 500. Comparatively, Liberty Media Corporation – Liberty Formula One Series C has a beta of 0.53, meaning that its stock price is 47% less volatile than the S&P 500.

Earnings & Valuation This table compares BuzzFeed and Liberty Media Corporation – Liberty Formula One Series C”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio BuzzFeed $185.27 million 0.15 -$57.72 million ($1.53) -0.49 Liberty Media Corporation – Liberty Formula One Series C $4.48 billion 4.43 $493.02 million $2.20 40.27 Liberty Media Corporation – Liberty Formula One Series C has higher revenue and earnings than BuzzFeed. BuzzFeed is trading at a lower price-to-earnings ratio than Liberty Media Corporation – Liberty Formula One Series C, indicating that it is currently the more affordable of the two stocks.

Summary Liberty Media Corporation – Liberty Formula One Series C beats BuzzFeed on 11 of the 14 factors compared between the two stocks.

About BuzzFeed (Get Free Report)

BuzzFeed, Inc., a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content. It also provides display, programmatic, and video advertising on its owned and operated sites and applications. BuzzFeed, Inc. is headquartered in New York, New York.

About Liberty Media Corporation – Liberty Formula One Series C (Get Free Report)

Formula One Group, through its subsidiary Formula 1, engages in the motorsports business in the United States and internationally. The company holds commercial rights for the FIA Formula One world championship, approximately a nine-month long motor race-based competition in which teams compete for the constructors' championship and drivers compete for the drivers' championship. It is also involved in the operation of the Formula 1 Paddock Club hospitality program; and provision of freight, logistical, and travel related services for the teams and other third parties, as well as the F2 and F3 race series. The company was founded in 1950 and is based in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation.

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Item 1 of 3 May 3, 2026; Miami Gardens, FL, USA; Red Bull Racing driver Max Verstappen (3), McLaren driver Lando Norris (1), Ferrari driver Charles Leclerc (16) and Mercedes driver George Russell (63) lead the field into turn one to start the Crypto.com Miami Grand Prix at Miami International Autodrome. Mandatory Credit: Nathan Ray Seebeck-Imagn Images/File Photo

[1/3]May 3, 2026; Miami Gardens, FL, USA; Red Bull Racing driver Max Verstappen (3), McLaren driver Lando Norris (1), Ferrari driver Charles Leclerc (16) and Mercedes driver George Russell (63) lead the... Purchase Licensing Rights, opens new tab Read more

SummaryCompaniesAI spurs efficiency on and off the trackEight AI partnerships signed in last six monthsF1 returned at Miami after no races in AprilLONDON, May 4 (Reuters) - Artificial Intelligence’s integration into Liberty Media-owned Formula One and its 11 teams has been noticeable on- and off-track in the already highly tech-powered sport.

Eight new AI partnerships were ​signed in the past six months alone, according to research firm Ampere Analysis.

Learn about the latest breakthroughs in AI and tech with the Reuters Artificial Intelligencer newsletter. Sign up here.

Among them, nine-time constructors' champion Atlassian Williams F1 team are partnering with ‌AI company Anthropic for its Claude model to support team operations and race strategy.

"It's much more than a sticker on a car or a sticker in a billboard," Williams’ Board Advisor Peter Kenyon told Reuters. "We see it as one of our differentiating points: how can this partner help us in that journey back to the top?”

Whereas F1 cars in yesteryear had a plethora of brands with ​tobacco companies at the centre, now partnerships often centre on AI and tech companies helping the teams understand datasets, while benefiting from great exposure.

“What Anthropic ​and our tech team are doing are understanding the opportunities and then integrating those into our business to be able to ⁠demonstrate for ourselves and them, and showcase their technology in the pursuit of getting Williams back to the top,” Kenyon added.

AI can be a key tool enabling teams ​to navigate new regulations and new cost cap rules, now set at $215 million.

“Efficiency is one of the ubiquitous benefits of AI products, meaning a natural synergy between teams and AI ​brands,” said Adam Lewis, a senior analyst from Ampere Analysis.

Technology led the top 10 spending categories for F1 teams, reaching an estimated $769 million last season, up 41% from the previous year, according to intelligence platform SponsorUnited.

AI and machine learning brands account for four of the top 15 new sponsorship investors, a SponsorUnited report also showed, including $65 billion-valued cloud infrastructure company CoreWeave (CRWV.O), opens new tab, which has a partnership ​with the Aston Martin F1 team.

In the 2025 season, the single-seater motorsport reached $2.54 billion in total team sponsorship and was the second-highest grossing sports property behind America's National ​Football League which achieved $2.7 billion.

HELPING WITH ADMIN, RULES, TRACK DECISIONSAI has been innovative in sifting through administrative tasks and interpreting key rules within sporting and technical regulations, helping engineers take ‌swifter decisions ⁠during on-track situations which were impossible decades ago.

“So it's gone from a sort of basic AI to more of an agentic approach where rather than just searching for something, it's actually providing decisions for us," Jack Harington, the group partnership lead for Oracle Red Bull Racing, told Reuters.

The Red Bull outfit, which four-time champion Max Verstappen races for, has a partnership with $494 billion-valued software company Oracle (ORCL.N), opens new tab, and has embedded its technological nous across the team.

"So it's really playing into the strength of AI as an enabler for our ​team. Allowing them (engineers) to focus on the ​core responsibilities they have and perform ⁠better at what they do," Harington added.

Technology companies like Alphabet-owned Google are also seeing positives from entering the F1 arena.

“These blue-chip companies are using Formula One as a launchpad and spotlight for their own AI products or re-brandings,” Lewis said, noting Google’s partnership ​with F1's McLaren shifted to Google Gemini, a generative AI tool, from Google Pixel.

As an organisation, F1, which returned at Miami ​after no races in ⁠April, has also embraced AI. Its partnership with Amazon Web Services uses generative AI for live television broadcasting and in 2024 it applied generative AI to the design of the Montreal trophy after it was crafted by a silversmith in the United Kingdom.

“I think F1 has the never-ending, unquenchable thirst for the latest technology,” Lenovo’s Global Chief Information Officer Arthur Hu told Reuters.

Lenovo (0992.HK), opens new tab, ⁠a Hong ​Kong-listed technology company, is one of F1’s global partners and has been in a partnership with the ​organisation since 2022.

Hu said that Lenovo helps F1 to enhance productivity, mobility and remote collaboration through Lenovo laptops and devices, including AI PCs, to support with the delivery of races.

“Formula One is at the sweet ​spot where it's an intensely technical sport ... And so I think that only opens up new possibilities,” Hu said.

(This story has been refiled to change the reference from 'Williams' to 'Atlassian Williams F1 team' in paragraph 3, 'Red Bull' to 'Oracle Red Bull Racing' in paragraph 14, and to correct Jack Harington's last name in paragraph 14)

Reporting by Streisand Neto; Editing by Andrew Cawthorne and Alan Baldwin

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Streisand joined Breakingviews in 2022 as a research assistant. He previously worked at the Financial Times as an editorial assistant and, before that, as an intern. He also holds newsroom experience from CNN International and The Economist. He graduated from SOAS University of London with a degree in International Politics. He enjoys working out, going on long walks and playing football.

Formula One Group (FWONK) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

Shares of Liberty Media Corporation - Liberty Formula One Series A (NASDAQ: FWONA - Get Free Report) have been given a consensus recommendation of "Buy" by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation

Formula One Group is rated Buy with an $85.15 price target, reflecting a 13.36% upside despite recent race cancellations. Cancellation of Bahrain and Saudi Arabian GPs creates a temporary revenue headwind, but diversified revenue streams, especially media rights, provide resilience. Apple's new five-year exclusive U.S. rights deal boosts media rights revenue by 56%, offsetting promoter fee losses and expanding F1's reach via Apple TV+ and Netflix.

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media”) (Nasdaq: FWONA, FWONK) will host a conference call to discuss results for the first quarter of 2026 on Thursday, May 7th at 10:00 a.m. E.T. Before the open of market trading that day, Liberty Media will issue a press release reporting such results, which can be found at https://ir.libertymedia.com/news-events/press-releases. Following prepared remarks, the company will host a brief Q&A session during which manage.

Liberty Media Corporation - Liberty Formula One Series A (FWONA - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis company is expected to post quarterly loss of $0.28 per share in its upcoming report, which represents a year-over-year change of -660%.

Revenues are expected to be $673.5 million, up 68.4% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 41.33% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Liberty Media Corporation - Liberty Formula One Series A?For Liberty Media Corporation - Liberty Formula One Series A, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Liberty Media Corporation - Liberty Formula One Series A will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Liberty Media Corporation - Liberty Formula One Series A would post earnings of $0.44 per share when it actually produced earnings of $0.39, delivering a surprise of -11.36%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Liberty Media Corporation - Liberty Formula One Series A doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Media Conglomerates industry, Walt Disney (DIS - Free Report) , is soon expected to post earnings of $1.49 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +2.8%. Revenues for the quarter are expected to be $25.03 billion, up 6% from the year-ago quarter.

The consensus EPS estimate for Disney has been revised 0.8% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -3.70%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Disney will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Media Corporation (“Liberty Media” or “Liberty”) (NASDAQ: FWONA, FWONK) today reported first quarter 2026 results. Headlines include(1):

Formula 1 For the quarter, F1 revenue increased 53% to $617 million, operating income was $107 million and Adjusted OIBDA(2) increased 102% to $172 million, largely from a combination of strong underlying growth, the effect of one extra race held during the quarter and the impact of the expected calendar on revenue and cost recognition Announced the return of the Turkish Grand Prix starting in 2027 in a new multi-year agreement Extended Salesforce and Allwyn partnerships and entered into new multi-year sponsorship agreements with Marsh, FanDuel and Betway Extended broadcast agreements with Sky in the UK and Italy, Foxtel in Australia and beIN in pan-Asia Did not hold Bahrain and Saudi Arabia Grands Prix in April due to geopolitical tensions MotoGP For the quarter, MotoGP revenue increased 25% to $94 million, operating loss was $24 million and Adjusted OIBDA(2) increased 60% to $16 million on a pro-forma basis as if the acquisition closed on January 1, 2024(3), with three races held in each quarter Renewed with ServusTV in Austria through 2030 Entered into new multi-year, exclusive partnership with Quint to operate all of MotoGP’s premium hospitality offerings Postponed Qatar Grand Prix to November due to geopolitical tensions “Liberty Media is off to a strong start in 2026, with sustained momentum across Formula 1 and the implementation of our long-term strategy for MotoGP. Formula 1 continues to demonstrate the strength of its global platform, with growing audiences and deepening fan engagement driving robust demand across all commercial elements. We are excited by the meaningful opportunities to expand MotoGP’s commercial reach over time. We remain focused on disciplined execution, investing behind our world-class brands and evaluating avenues for capital deployment to deliver long-term value for our shareholders,” said Derek Chang, Liberty Media President and CEO.

Discussion of Results

Unless otherwise noted, the following discussion compares financial information for the three months ended March 31, 2026 to the same period in 2025.

The following table provides the financial results of Liberty Media for the first quarter of 2026. In the first quarter, Liberty Media incurred $18 million of corporate level selling, general and administrative expense (including stock-based compensation expense).

Liberty Media’s most significant subsidiaries are F1 and MotoGP. Quint was consolidated in the results presented below until the split-off of Liberty Live Holdings, Inc. on December 15, 2025. Liberty’s financial results in the table below only include MotoGP results from the date of acquisition.

Three months ended

March 31,

2025

2026

amounts in millions (unaudited)

Revenue

Formula 1

$

403

$

617

MotoGP

—

94

Corporate and other

53

6

Elimination

(9

)

(6

)

Consolidated Liberty

$

447

$

711

Operating Income (Loss)

Formula 1

$

(28

)

$

107

MotoGP

—

(24

)

Corporate and other

(39

)

(19

)

Consolidated Liberty

$

(67

)

$

64

Adjusted OIBDA (Loss)

Formula 1

$

85

$

172

MotoGP

—

16

Corporate and other

(12

)

(7

)

Consolidated Liberty

$

73

$

181

F1 Operating Results

“We had a thrilling start to the season, both on and off the track, with increased overtaking and a highly competitive early season. We continue to see positive momentum across our business, including a strong start to our partnership with Apple in the U.S., a renewed multi-year agreement with our long-standing partner, Sky and the addition of new commercial relationships, including those with Standard Chartered and Marsh,” said Stefano Domenicali, Formula 1 President and CEO. “We remain focused on continuing to evolve the sport – including strengthening how we connect with fans globally and working with the FIA and teams to make the racing product even better. Together, we are committed to delivering competitive racing and continuing our industry leading growth.”

The following table provides the operating results of F1.

Three months ended

March 31,

2025

2026

% Change

$ amounts in millions (unaudited)

Number of races in period

2

3

Primary Formula 1 revenue

$

319

$

496

55

%

Other Formula 1 revenue

84

121

44

%

Total motorsport revenue

$

403

$

617

53

%

Operating expenses:

Team payments, excluding Concorde incentive payments

(114

)

(184

)

(61

)

%

Other cost of motorsport revenue

(128

)

(176

)

(38

)

%

Cost of motorsport revenue, excluding Concorde incentive payments

$

(242

)

$

(360

)

(49

)

%

Selling, general and administrative expenses

(76

)

(85

)

(12

)

%

Adjusted OIBDA

$

85

$

172

102

%

Concorde incentive payments

(50

)

—

NM

Stock-based compensation

—

(1

)

NM

Depreciation and amortization(a)

(63

)

(64

)

(2

)

%

Operating income (loss)

$

(28

)

$

107

NM

Primary F1 revenue represents the majority of F1’s revenue and is derived from (i) race promotion fees, (ii) media rights fees and (iii) sponsorship fees.

There were three races held in the first quarter of 2026 compared to two races held in the first quarter of 2025. The 2026 calendar is expected to have 22 races, 2 fewer events than were held in 2025, which will impact the year-over-year revenue and cost comparisons on a quarterly basis in addition to proportionate recognition of season-based revenue. The two fewer events scheduled are due to not holding the Bahrain and Saudi Arabian Grands Prix in April of this year.

Primary F1 revenue increased in the three months ended March 31, 2026 across media rights, race promotion and sponsorship primarily due to one additional race during the quarter, a higher proportionate recognition of season-based revenue and contractual fee increases. Media rights and sponsorship revenue both increased due to the effect of the calendar variance on recognition of season-based revenue (3 out of 22 races recognized in the current quarter compared to 2 out of 24 races recognized during the prior year period). Sponsorship revenue growth was also driven by revenue from new sponsors, including Standard Chartered.

Other F1 revenue increased in the first quarter primarily due to higher hospitality, freight and travel revenue from one additional event held. Hospitality revenue also grew due to growth in underlying Paddock Club sales and new premium hospitality offerings. Other F1 revenue also increased due to growth in licensing income and growth from activities at Grand Prix Plaza in Las Vegas.

Operating income and Adjusted OIBDA(2) grew during the first quarter driven by revenue growth outpacing higher expenses. Team payments increased due to the pro rata recognition of team payments, with one more race held during the quarter in addition to the higher proportionate recognition of team payments due to the aforementioned expected reduction in races to be held this year (3 out of 22 races recognized during the current quarter compared to 2 out of 24 races recognized in the prior year period).

Other cost of F1 motorsport revenue is largely variable in nature and derived from servicing both Primary and Other F1 revenue opportunities. These costs increased during the first quarter primarily due to higher hospitality costs from one additional Paddock Club staged and new premium product offerings and higher freight, travel, commissions and partner servicing costs due to the calendar variance, partially offset by lower Formula 3 costs related to the sale of new Formula 3 cars during the prior year period. Selling, general and administrative expense increased during the quarter primarily due to the impact of unfavorable currency exchange rates and higher personnel and technology costs, offset by lower marketing expenses.

MotoGP Operating Results

“The start of our season has reinforced the strength of MotoGP as a highly competitive championship with exciting racing to date, including unpredictable results such as Jorge Martin’s comeback and continuous, thrilling on-track action. Our focus remains on scaling globally as we continue investing across all commercial functions,” said Carmelo Ezpeleta, MotoGP CEO. “We have officially begun our exclusive partnership with Quint to enhance our hospitality offerings and are working to complete our IRTA renewals ahead of next season.”

The following table provides the pro forma operating results of MotoGP for the three months ended March 31, 2025 and actual results for the three months ended March 31, 2026. The pro forma financial results herein are presented as if the acquisition of MotoGP occurred on January 1, 2024. The financial information below is presented for illustrative purposes only and does not purport to represent the actual results of operations of MotoGP had the acquisition occurred on January 1, 2024, or to project the results of operations of Liberty for any future periods. The pro forma adjustments are based on available information and certain assumptions that Liberty management believes are reasonable. The pro forma adjustments are directly attributable to the acquisition and are expected to have a continuing impact on the results of operations of Liberty. Liberty’s actual financial results only include MotoGP from the date of acquisition.

Three months ended

March 31,

2025

2026

pro forma

actual

% Change

% Constant

$ amounts in millions (unaudited)

USD

Currency

Number of races in period

3

3

Primary MotoGP revenue

$

64

$

83

30

%

Other MotoGP revenue

11

11

—

%

Total motorsport revenue

$

75

$

94

25

%

13

%

Operating expenses:

Cost of motorsport revenue

(50

)

(59

)

(18

)

%

Selling, general and administrative expenses

(15

)

(19

)

(27

)

%

Adjusted OIBDA

$

10

$

16

60

%

56

%

Depreciation and amortization(a)

(34

)

(40

)

(18

)

%

Operating income (loss)

$

(24

)

$

(24

)

—

%

17

%

The majority of MotoGP’s revenue and costs are Euro-denominated and as such are subject to translational impacts from foreign exchange fluctuations. For constant currency comparison, MotoGP calculates the effects of changes in currency exchange rates as the difference between current period activity translated using the prior period’s currency exchange rates. The table of results above includes both US dollar and constant currency(4) growth rates for revenue, Adjusted OIBDA and Operating income (loss). Unless otherwise stated, the following discussion of results is based on constant currency results.

Primary MotoGP revenue represents the majority of MotoGP’s revenue and is derived from (i) race promotion fees, (ii) media rights fees and (iii) sponsorship fees.

There were three races held in the first quarter of 2026 compared to three races held in the first quarter of 2025. The 2026 calendar is scheduled to have the same number of events but a different order and mix of events compared to the prior year, which will impact season-based revenue recognition.

Primary MotoGP revenue increased in the three months ended March 31, 2026 primarily due to increased race promotion fees related to a different mix of MotoGP events and increased sponsorship revenue from trackside advertising and new sponsors, partially offset by a reduction in contractual media rights fees.

Other MotoGP revenue represents revenue generated from other motorcycle racing championships, including the FIM World Superbike Championship, MotoGP hospitality and experience programs and other licensing opportunities. Other MotoGP revenue declined during the three months ended March 31, 2026.

Operating loss and Adjusted OIBDA both increased during the first quarter. Cost of MotoGP motorsport revenue grew primarily due to higher freight costs associated with freight movements required as a result of the different order of MotoGP events in addition to increased fuel costs. Selling, general and administrative expense increased during the quarter driven by personnel and professional service fees.

Corporate and Other Operating Results

Corporate and Other operating income and Adjusted OIBDA includes the rental income related to Grand Prix Plaza in Las Vegas and other corporate overhead. There was $6 million of rental income related to Grand Prix Plaza in Las Vegas in the first quarter of both 2026 and 2025.

Share Repurchases

There were no repurchases of Liberty Media’s common stock from February 1 through April 30, 2026. The total remaining repurchase authorization for Liberty Media as of May 1, 2026 is $1.1 billion and can be applied to repurchases of common shares of Liberty Media common stock.

FOOTNOTES

1)

Liberty Media will discuss these headlines and other matters on Liberty Media's earnings conference call that will begin at 10:00 a.m. (E.T.) on May 7, 2026. For information regarding how to access the call, please see “Important Notice” later in this document.

2)

For a definition of Adjusted OIBDA (as defined by Liberty Media) and the applicable reconciliation, see the accompanying schedules.

3)

Unless otherwise noted, results reflect MotoGP performance subsequent to the acquisition, which closed on July 3, 2025.

4)

For a definition of constant currency operating results, see the accompanying schedules. Applicable reconciliations can be found in the financial table in the section entitled “MotoGP Operating Results” in this press release.

NOTES

Cash and Debt

The following presentation is provided to separately identify cash and debt information.

(amounts in millions)

12/31/2025

3/31/2026

Total Consolidated Cash and Cash Equivalents (GAAP)(a)

$

1,055

$

1,332

Less:

Debt:

2.25% convertible notes due 2027(b)

475

475

Formula 1 senior loan facilities

3,350

3,340

MotoGP credit facilities

1,173

1,151

Other corporate level debt

24

23

Total Debt

$

5,022

$

4,989

Fair market value adjustment and deferred financing costs

78

32

Total Debt (GAAP)

$

5,100

$

5,021

Formula 1 leverage(c)

2.8x

2.3x

MotoGP leverage(d)

4.7x

4.7x

Consolidated leverage(e)

3.6x

3.0x

______________________ a)

Includes $539 million and $862 million of cash held at F1 as of December 31, 2025 and March 31, 2026, respectively and $197 million and $186 million of cash held at MotoGP as of December 31, 2025 and March 31, 2026, respectively.

b)

Face amount of the convertible notes with no fair market value adjustment.

c)

Net leverage as defined in F1’s credit facilities for covenant calculations.

d)

Net leverage as defined in MotoGP’s credit facilities for covenant calculations.

e)

Total consolidated Liberty Media net debt divided by total consolidated Liberty Media Adjusted OIBDA. FWONK converts are shown at greater of par and conversion value based on market data as of March 31, 2026.

F1 and MotoGP are in compliance with their debt covenants as of March 31, 2026.

Total cash and cash equivalents increased $277 million during the first quarter primarily due to net cash generated from operations at both F1 and MotoGP. Total debt was relatively flat in the first quarter.

Important Notice: Liberty Media Corporation (Nasdaq: FWONA, FWONK) will discuss Liberty Media's earnings release on a conference call which will begin at 10:00 a.m. (E.T.) on May 7, 2026. The call can be accessed by dialing +1 (877) 704-2829 or +1 (215) 268-9864, passcode 13757488 at least 10 minutes prior to the start time. The call will also be broadcast live across the Internet and archived on our website. To access the webcast go to https://www.libertymedia.com/investors/news-events/ir-calendar. Links to this press release will also be available on the Liberty Media website.

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies, future financial performance and prospects, the Formula 1 and MotoGP race calendars, expectations regarding Formula 1’s and MotoGP’s businesses and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, consumer demand for live entertainment and sporting Events, the assumptions and historical information used in the pro forma financial information of MotoGP, regulatory matters affecting our businesses, geopolitical unrest, the unfavorable outcome of future litigation, the failure to realize benefits of acquisitions, failure of third parties to perform, and changes in law. These forward-looking statements speak only as of the date of this press release, and Liberty Media expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Liberty Media's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Liberty Media, including the most recent Forms 10-K and 10-Q, for additional information about Liberty Media and about the risks and uncertainties related to Liberty Media's business which may affect the statements made in this press release.

LIBERTY MEDIA CORPORATION

BALANCE SHEET INFORMATION

March 31, 2026 (unaudited)

March 31,

December 31,

2026

2025

amounts in millions

Assets

Current assets:

Cash and cash equivalents

$

1,332

1,055

Trade and other receivables, net

262

115

Contract assets

165

114

Other current assets

198

89

Total current assets

1,957

1,373

Property and equipment, at cost

1,097

1,087

Accumulated depreciation

(236

)

(219

)

861

868

Goodwill

6,959

7,025

Intangible assets subject to amortization, net

4,955

5,102

Deferred income tax assets

535

539

Other assets

625

491

Total assets

$

15,892

15,398

Liabilities and Equity

Current liabilities:

Accounts payable and accrued liabilities

524

575

Current portion of debt

53

52

Deferred revenue

819

263

Other current liabilities

57

49

Total current liabilities

1,453

939

Long-term debt

4,968

5,048

Deferred income tax liabilities

644

656

Other liabilities

422

305

Total liabilities

7,487

6,948

Redeemable noncontrolling interests in equity of subsidiary

674

693

Total equity

7,731

7,757

Total liabilities and equity

$

15,892

15,398

LIBERTY MEDIA CORPORATION

STATEMENT OF OPERATIONS INFORMATION

Three months ended March 31, 2026 (unaudited)

Three months ended March 31,

2026

2025

amounts in millions

Revenue:

Motorsport revenue

$

711

400

Other revenue

—

47

Total revenue

711

447

Operating costs and expenses:

Cost of motorsport revenue (exclusive of depreciation shown separately below)

413

286

Other cost of sales

—

39

Selling, general and administrative (1)

122

101

Acquisition costs

—

11

Depreciation and amortization

112

77

647

514

Operating income (loss)

64

(67

)

Other income (expense):

Interest expense

(68

)

(48

)

Realized and unrealized gains (losses) on financial instruments, net

57

75

Other, net

5

31

(6

)

58

Earnings (loss) from continuing operations before income taxes

58

(9

)

Income tax (expense) benefit

(5

)

26

Net earnings (loss) from continuing operations

53

17

Net earnings (loss) from discontinued operations

—

(12

)

Net earnings (loss)

53

5

Less net earnings (loss) attributable to the redeemable noncontrolling interests

(4

)

—

Net earnings (loss) attributable to Liberty stockholders

$

57

5

(1) Includes stock-based compensation expense as follows:

Selling, general and administrative

$

5

2

LIBERTY MEDIA CORPORATION

STATEMENT OF CASH FLOWS INFORMATION

Three months ended March 31, 2026 (unaudited)

Three months ended March 31,

2026

2025

amounts in millions

Cash flows from operating activities:

Net earnings (loss)

$

53

5

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:

(Earnings) loss from discontinued operations

—

12

Depreciation and amortization

112

77

Stock-based compensation

5

2

Realized and unrealized (gains) losses on financial instruments, net

(57

)

(75

)

Deferred income tax expense (benefit)

6

(27

)

Other, net

8

2

Changes in operating assets and liabilities

Current and other assets

(279

)

(143

)

Payables and other liabilities

509

538

Net cash provided (used) by operating activities

357

391

Cash flows from investing activities:

Investments in equity method affiliates and debt and equity securities

(4

)

(5

)

Cash (paid) received for acquisitions, net of cash acquired

—

(131

)

Capital expended for property and equipment, including internal-use software and website development

(20

)

(33

)

Other investing activities, net

(1

)

(11

)

Net cash provided (used) by investing activities

(25

)

(180

)

Cash flows from financing activities:

Repayments of debt

(13

)

(6

)

Other financing activities, net

(39

)

(7

)

Net cash provided (used) by financing activities

(52

)

(13

)

Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash

(3

)

4

Net cash provided (used) by discontinued operations:

Cash provided (used) by operating activities

—

(10

)

Cash provided (used) by investing activities

—

(1

)

Net cash provided (used) by discontinued operations

—

(11

)

Net increase (decrease) in cash, cash equivalents and restricted cash

277

191

Cash, cash equivalents and restricted cash at beginning of period

1,055

2,963

Cash, cash equivalents and restricted cash at end of period

$

1,332

3,154

Cash and cash equivalents

$

1,332

2,833

Cash and cash equivalents included in current assets of discontinued operations

—

314

Restricted cash included in other current assets

—

7

Total cash, cash equivalents and restricted cash at end of period

$

1,332

3,154

NON-GAAP FINANCIAL MEASURES AND SUPPLEMENTAL DISCLOSURES

SCHEDULE 1

To provide investors with additional information regarding our financial results, this press release includes a presentation of Adjusted OIBDA, which is a non-GAAP financial measure, together with reconciliations to operating income, as determined under GAAP. Liberty Media defines Adjusted OIBDA as operating income (loss) plus depreciation and amortization, stock-based compensation, separately reported litigation settlements, Concorde incentive payments and restructuring, acquisition and impairment charges.

Liberty Media believes Adjusted OIBDA is an important indicator of the operational strength and performance of its businesses by identifying those items that are not directly a reflection of each business’ performance or indicative of ongoing business trends. In addition, this measure allows management to view operating results and perform analytical comparisons and benchmarking between businesses and identify strategies to improve performance. Because Adjusted OIBDA is used as a measure of operating performance, Liberty Media views operating income as the most directly comparable GAAP measure. Adjusted OIBDA is not meant to replace or supersede operating income or any other GAAP measure, but rather to supplement such GAAP measures in order to present investors with the same information that Liberty Media's management considers in assessing the results of operations and performance of its assets.

The following table provides a reconciliation of Adjusted OIBDA for Liberty Media to operating income (loss) calculated in accordance with GAAP for the three months ended March 31, 2025 and March 31, 2026.

QUARTERLY SUMMARY

Three months ended

March 31,

2025

2026

Operating income (loss)

$

(67

)

$

64

Depreciation and amortization

77

112

Stock compensation expense

2

5

Acquisition costs(a)

11

—

Concorde incentive payments

50

—

Adjusted OIBDA

$

73

$

181

SCHEDULE 2

This press release also references operating results on a constant currency basis, which is a non-GAAP measure, for MotoGP. Constant currency operating results, as presented herein, are calculated as the difference between current period activity translated using the prior period’s currency exchange rates.

Liberty Media believes constant currency operating results are an important indicator of financial performance for MotoGP, due to the translational impact of foreign currency fluctuations relating to its operating results for countries where the functional currency is not the US dollar. Liberty Media uses constant currency operating results to provide a framework to assess how the MotoGP business performed excluding the effects of foreign currency exchange fluctuations. Please see the financial tables in the section entitled “MotoGP Operating Results” in this press release for a reconciliation of the impact of foreign currency fluctuations on revenue and Adjusted OIBDA.

Disney CEO Josh D'Amaro attends the 98th Oscars Nominees Luncheon at the Beverly Hilton hotel in Beverly Hills on February 10, 2026.

AFP via Getty Images

If there was a common message to be found in the flood of entertainment media company earnings reports over the last several days, one could argue it’s that Hollywood appears to finally be done chasing streaming growth at all costs.

With a particular emphasis on that last part, “at all costs.”

From Disney and Paramount posting stronger streaming margins to AMC Entertainment benefiting from premium moviegoing and Liberty Media continuing to cash in on Formula 1, the industry’s emerging blueprint is clearer than ever. Basically, it’s about these companies weaving themselves into their audiences’ regular entertainment habits, understanding that attention is always great.

However, habitual attention is even better.

Disney’s New Priority: Streaming That Actually Makes MoneyTake Disney, the company’s streaming business has finally crossed into sustainably profitable territory, with Disney+ and Hulu delivering a sharp jump in operating income even as the company continues pouring money into capital-intensive things like technology, sports rights and theme parks.

Disney last week reported quarterly revenue of $25.17 billion, while streaming operating income for Disney+ and Hulu surged 88% year-over-year to $582 million on $5.49 billion in streaming revenue.

MORE FOR YOU

The bigger priority for Disney now seems to be extracting more value from customers through price hikes, advertising, experiences and eventually an interconnected “super app” ecosystem that newly appointed CEO Josh D’Amaro has hinted could be coming in the future. Disney, he promised analysts during the company’s most recent earnings presentation, will “embrace technology more aggressively and build a more connected consumer experience, with Disney+ right at the center.”

Paramount and WBD are betting consolidation can rival Netflix.Now, there’s Paramount and its growing streaming business. Paramount Skydance reported quarterly revenue of $7.35 billion, while Paramount+ added 700,000 subscribers to reach nearly 80 million worldwide. Its direct-to-consumer unit also hit a $251 million profit.

The Paramount logo, displayed on the water tower at Paramount Studios in Los Angeles.

Getty Images

The rival it’s in the process of acquiring, Warner Bros. Discovery, also this past week reported $8.89 billion in quarterly revenue — though the company posted a sizable net loss tied largely to one-time merger-related costs and a Netflix breakup fee connected to the pending Paramount merger. That said, WBD’s streaming business is moving in the right direction, with streaming revenue up 9% and global subscribers surpassing 140 million.

“We have strong and accelerating momentum and expect to finish the year with more than 150 million subscribers globally,” WBD CEO David Zaslav said during the company’s earnings call Thursday. “And, more importantly, we’re seeing healthy acceleration in subscriber-related revenue growth, which we expect will pick up real pace in Q2 and through the rest of the year.”

Taken together, the two companies increasingly look like they’re making versions of the same bet: That at this point in the streaming era, the name of the game is about more than trying to out-Netflix Netflix.

AMC is betting movie theaters can become an experience business.AMC Entertainment’s earnings, meanwhile, suggest that the way forward for movie theaters calls for doubling-down on the kinds of experiences that still feel worth leaving the house for.

Personally, I’ve noticed that shift in my own moviegoing habits. After my local theater chain (not AMC) recently upgraded to wider reclining seats, better food and a generally more polished experience overall, going to the movies has been an activity I’ve found myself doing on a more regular basis. And AMC appears to be benefiting from that same dynamic.

The company just posted its strongest first quarter since before the pandemic, with revenue up 21% to more than $1 billion as attendance rose nearly 14%. AMC is also generating record revenue on a per patron basis from tickets and concessions, a sign that today’s moviegoers are still willing to spend as long as the experience — which includes everything from IMAX screens to Dolby cinema, better food and upgraded seats — feels premium.

Having great movies to watch also doesn’t hurt. "We could not be more optimistic about the entire 2026 film slate, especially in the second half of 2026, which we believe will see more continued robust growth adding up to a record post-pandemic box office for full year 2026,” AMC CEO Adam Aron told investors during his company’s earnings call.

Liberty Media shows where the entertainment business is headed.Finally, if there was one company this week that crystallized the broader shift happening across entertainment media, it’s arguably Formula 1 owner Liberty Media.

MELBOURNE, AUSTRALIA - MARCH 08: George Russell of Great Britain driving the (63) Mercedes AMG Petronas F1 Team W17 leads Charles Leclerc of Monaco driving the (16) Scuderia Ferrari SF-26 and the rest of the field at the start during the F1 Grand Prix of Australia at Albert Park Grand Prix Circuit on March 08, 2026 in Melbourne, Australia.

Getty Images

Formula 1 revenue surged 53% during the quarter, while operating income more than doubled. The prestigious international auto racing series increasingly operates as part live event business, part streaming property and part luxury brand, because the business thinking behind it isn’t just about getting people to watch races.

It’s also about monetizing audience passion from every possible angle — from media rights to sponsorships, merchandise, social engagement, and live experiences.

In many respects, Formula 1 now resembles the kind of all-encompassing entertainment machine Hollywood companies are trying to build around their own franchises, businesses and intellectual property. Which may ultimately be the biggest takeaway of all from this week’s barrage of entertainment media quarterly earnings.

MONTREAL, May 21, 2026 (GLOBE NEWSWIRE) -- La Tablée des Chefs has been named the first winner of the 2026 F1® Allwyn Global Community Award, at the FORMULA 1® LENOVO GRAND PRIX DU CANADA. The charity has been awarded a €100,000 donation from Allwyn, the lottery-led entertainment company, to further its mission to provide for vulnerable families facing food insecurity in Montreal and across Canada.

The charity is the first winner of the F1® Allwyn Global Community Award 2026 programme. After a successful first year, the Award is shining a global spotlight on even more initiatives - this time recognising up to eight NGOs across the Grand Prix race locations, building on the locations involved last year (Netherlands, Mexico, Austin and Las Vegas).

Later in the season, Formula 1® fans will have the chance to cast their vote on their favourite initiatives, as part of Allwyn’s plan to bring these fans closer to the programme. Voters will be able to recognise the impact of the winning initiatives and express their support as they learn more about the NGOs’ incredible work and how they’re supporting local communities.

Redistributing high-quality, nutritious meals to those in need is a priority for La Tablée des Chefs. It addresses food insecurity in Montreal and across Canada by connecting surplus food donors with local community organisations that distribute meals to individuals and families, and through offering educational programs to promote food autonomy for youth.

The organisation has worked closely with the FORMULA 1® LENOVO GRAND PRIX DU CANADA on food recovery for a number of years. This donation will boost its ability to recover even more food from other large-scale summer events, work with an additional 400 food recovery donors, as well as inspiring other industries to engage in sustainable food recovery practices. Ultimately, the grant will allow La Tablée des Chefs to significantly increase its efforts to feed families in need and rescue millions of meals from being wasted this year.

The judges saw La Tablée des Chefs’ demonstrable impact and scalability deserving of the winning title, and its mission perfectly aligned to the key pillars of the Award – Sustainability and Innovation, Health and Wellbeing, Education and Opportunity, and Empowerment and Inclusion.

In addition to the €100,000 grant, each winner will be presented with a brand new trophy. Designed by Jan Plecháč, creative director of the world-renowned Czech glassworks, Moser, the central element represents Allwyn’s stable foundation with the suspended spheres symbolising the successful recipients. Handcrafted and specially created for each winner, the trophy showcases the precision and artistry which define Moser’s UNESCO-recognised glassmaking tradition.

Pavel Turek, Chief Officer Global Partnerships, at Allwyn and F1® Allwyn Global Community Award judge, said: "At Allwyn, we believe sport can change the world for the better. Across our markets, we focus on locally-led programmes that deliver meaningful change. So, La Tablée des Chefs’ dedication to creating real impact, its potential to scale, and its clear alignment to Allwyn's values made it the definitive choice for our F1® Allwyn Global Community Award. We are thrilled to support the charity through the €100,000 donation, and we look forward to seeing its influence expand internationally and its reach deepen within the Montreal community."

Ellen Jones, Head of ESG at Formula 1® and F1® Allwyn Global Community Award judge, said: "The legacy of La Tablée des Chefs and its longstanding relationship with the FORMULA 1® LENOVO GRAND PRIX DU CANADA stood out and truly resonates with the pillars of the Award, along with the incredible work it does for local communities. The charity was able to demonstrate genuine innovation in how it is already creating change and its ambition to grow, a core tenet in our philosophy in how we approach the sport and wider ESG initiatives to deliver meaningful impact."

F1® Allwyn Global Community Award winner, and Founder and CEO of La Tablée des Chefs, Jean-François Archambault, said: “We are profoundly honoured to be named the winner of the F1® Allwyn Global Community Award. This recognition from Formula 1, coupled with the generous €100,000 donation from Allwyn, is transformative for La Tablée des Chefs, allowing us to significantly expand our work in food recovery and education. Having proudly worked with Formula 1® for a number of years, we are more dedicated than ever to increasing the distribution of high-quality meals to those experiencing food insecurity across Montreal – continuing to redistribute food with dignity while helping organisations reduce food costs and reinvest in support services that help people move out of poverty.”

Notes to editors

About Allwyn
Allwyn is a multi-national gaming entertainment company, lottery-led and with leading market positions and trusted brands across Europe and North America, listed on Euronext Athens. Its purpose is to make play better for all by focusing on innovation, technology, player safety and returning more to good causes across a growing casual gaming entertainment portfolio.

About Allwyn’s partnership with Formula 1®
The multi-year partnership with Formula 1® represents a drive towards increased global awareness for Allwyn, with the sport’s 24 races across the globe, 750 million fans, and 96 million social media followers, as well as its reach across broadcast channels and entertainment outlets.

The partnership will reinforce Allwyn's position as an international brand driving community impact across the world, in support of its global growth plans.

At the heart of the partnership is the development of initiatives that will support the company’s ambition to be a positive contributor to society globally. With Allwyn and Formula 1® equally committed to empowering fans and local communities, the partnership will give Allwyn the opportunity to utilise the sport’s ever-growing international fan base to celebrate those making positive change, sharing these inspiring stories on a global level.

About Formula 1®
Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™. Formula 1® is a subsidiary of Liberty Media Corporation (NASDAQ: FWONA, FWONK, LLYVA, LLVYK) attributed to the Formula One Group tracking stock. The F1 logo, F1 Formula 1® logo, Formula 1®, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX, PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1® company. All rights reserved.

Further information about the F1® Allwyn Global Community Award, including eligibility criteria and the selection process, can be found on our website: https://www.allwyn.com/responsibility/community-award.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68d9ff14-ece1-42cd-a3d6-51a601c0a06c