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

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) issued its earnings results on Thursday. The company reported $0.02 earnings per share for the quarter, Zacks reports.

Liberty Media Corporation – Liberty Formula One Series B Stock Performance

Shares of OTCMKTS FWONB remained flat at $90.00 during mid-day trading on Thursday. The company had a trading volume of 1 shares, compared to its average volume of 12. Liberty Media Corporation – Liberty Formula One Series B has a twelve month low of $73.00 and a twelve month high of $96.00. The business has a fifty day moving average price of $83.28 and a 200-day moving average price of $81.13. The stock has a market capitalization of $22.54 billion, a PE ratio of 41.28 and a beta of 0.32.

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.