Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) Releases Earnings Results

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) issued its earnings results on Thursday. The company reported $999.00 EPS for the quarter, Zacks reports. The business had revenue of $1.61 billion during the quarter.

Liberty Media Corporation – Liberty Formula One Series B Trading Up 11.5%

FWONB stock opened at $88.05 on Friday. The company has a market cap of $22.02 billion, a price-to-earnings ratio of 40.02 and a beta of 0.24. Liberty Media Corporation – Liberty Formula One Series B has a 12 month low of $70.00 and a 12 month high of $96.00. The firm has a 50-day moving average of $82.48 and a two-hundred day moving average of $88.15.

Liberty Media Corporation – Liberty Formula One Series B Company Profile

Liberty Media Corporation’s Liberty Formula One Series B (OTCMKTS: FWONB) is a tracking stock that represents Liberty Media’s economic interest in its Formula One business. The Formula One Group controls the commercial rights to the FIA Formula One World Championship, packaging and selling global media rights, sponsorships, event-hosting agreements, licensing and hospitality to maximize revenue from the sport. The tracking stock structure allows investors to gain exposure specifically to Liberty’s Formula 1 assets and cash flows while remaining part of the broader Liberty Media corporate structure.

Formula 1 is a global motorsport and entertainment property that stages a world championship calendar of races across Europe, the Americas, Asia and the Middle East.