FWONA · PEAD ↑ 37

Formula One Group reported Q2 2026 EPS of $0.02 on 2026-08-06, missing the $0.16 consensus by $0.14 (-87.5%); no prior-year comparable is available in our feed.

Print-day reaction was +3.3% versus the prior close, a notably constructive response given a significant EPS miss, suggesting the market had priced in worse or found comfort elsewhere in the release. The overnight gap to the T+1 open added a further +0.5%, indicating no meaningful after-hours fade. Over the following two trading days (T+1 through T+3) the stock drifted -0.6%, a modest give-back that left the cumulative three-day move largely intact. Cumulative abnormal return of +5.7% versus SPY.US clears the +3% PEAD long threshold; the documented drift pattern is read through 2026-11-03.