The Liberty Formula One Series B (FWONB) tracking stock represents Liberty Media Corporation’s interest in Formula One Group, the owner and commercial rights holder of the FIA Formula One World Championship. This class of shares is designed to provide investors with targeted exposure to the performance and growth potential of one of the world’s premier global motorsport franchises.
Formula One Group oversees the organization and promotion of a seasonal calendar of Grands Prix across five continents, selling broadcasting rights, sponsorship partnerships, hospitality packages and official merchandise. The business also manages digital and social media platforms that deliver live race coverage, highlights and original content to a broad international audience, and it licenses technology and branding opportunities related to F1’s advanced racing vehicles and engineering innovations.
Liberty Media completed its acquisition of Formula One Group in January 2017 and subsequently established tracking stocks, including the Series B shares, to reflect the distinct operating performance of its F1 segment. Since the acquisition, the group has focused on enhancing fan engagement through new race venues, expanded media distribution agreements and strategic sponsor collaborations, while leveraging data analytics and digital initiatives to drive long-term growth.
Liberty Media Corporation is led by President and Chief Executive Officer Greg Maffei, under whose leadership the company has pursued a series of content and live-event investments. Formula One Group’s day-to-day operations are headed by Stefano Domenicali as President and CEO of Formula 1, supported by a management team based in London and regional offices that coordinate race promotion, commercial sales and fan outreach across Europe, Asia, the Americas and the Middle East.
