FWONA · PEAD ↑ 100

Formula One Group reported Q3 2026 EPS of $0.43 on 2026-11-05, missing the $0.60 consensus by $0.17 (–28.3%).

Print-day reaction was a sharp +9.5% versus the prior close, with the stock gapping above its pre-earnings range on open and holding the advance into the close — a strikingly positive market read despite the EPS miss. Overnight, the stock gave back a modest –1.1% from T+0 close to T+1 open, signalling a contained but real fade in after-hours sentiment. Over the subsequent two trading days the price drifted a further +2.8%, sustaining the post-earnings bid with no material reversal. Cumulative abnormal return of +16.3% versus SPY.US — which fell –2.2% over the same window — firmly places this in PEAD long territory; the documented drift pattern holds through 2027-02-02.