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

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) posted its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports.

Liberty Media Corporation – Liberty Formula One Series B Stock Performance

Shares of OTCMKTS:FWONB remained flat at $82.00 during trading on Thursday. The stock had a trading volume of 17 shares, compared to its average volume of 74. The stock has a 50 day moving average price of $79.33 and a two-hundred day moving average price of $83.26. Liberty Media Corporation – Liberty Formula One Series B has a 1-year low of $73.00 and a 1-year high of $96.00. The company has a market cap of $20.54 billion, a PE ratio of 37.27 and a beta of 0.36.

About Liberty Media Corporation – Liberty Formula One Series B

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.