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

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

Liberty Media Corporation – Liberty Formula One Series B Price Performance

Shares of OTCMKTS FWONB remained flat at $90.00 during midday trading on Friday. The stock had a trading volume of 15 shares, compared to its average volume of 12. Liberty Media Corporation – Liberty Formula One Series B has a fifty-two week low of $73.00 and a fifty-two week high of $96.00. The business has a fifty day moving average of $83.44 and a two-hundred day moving average of $81.19. The company has a market cap of $22.54 billion, a P/E ratio of 41.28 and a beta of 0.32.

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.