Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB) Announces Quarterly Earnings Results

Key Points

• Quarterly EPS: Liberty Media's Formula One tracking stock (FWONB) reported earnings of $0.03 per share for the quarter.
• Share performance and valuation: Shares were flat at $82.00 mid-day on very light volume (17 shares vs. a 74 average), with a market cap of $20.54B and a P/E of 37.27.
• Business exposure: FWONB is a tracking stock that provides investors direct exposure to Liberty's Formula One commercial assets, which monetize global media rights, sponsorships and event hospitality.

Liberty Media Corporation - Liberty Formula One Series B (OTCMKTS:FWONB - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.03 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 $82.00 during mid-day trading on Thursday. The stock had a trading volume of 17 shares, compared to its average volume of 74. The company has a market cap of $20.54 billion, a price-to-earnings ratio of 37.27 and a beta of 0.36. The firm's 50 day simple moving average is $79.33 and its two-hundred day simple moving average is $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.

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.

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