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

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) issued its earnings results on Thursday. The company reported $999.00 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 $79.00 during mid-day trading on Thursday. The stock had a trading volume of 3 shares, compared to its average volume of 33. Liberty Media Corporation – Liberty Formula One Series B has a fifty-two week low of $70.00 and a fifty-two week high of $96.00. The company’s fifty day moving average is $82.64 and its two-hundred day moving average is $88.20. The stock has a market cap of $19.75 billion, a PE ratio of 101.28 and a beta of 0.24.

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.