Liberty Media Corporation’s Liberty Formula One Series B common stock represents an interest in the company’s Formula One Group, which is focused primarily on the ownership and operation of Formula 1. The group holds the commercial rights to the FIA Formula One World Championship and generates revenue through race-promotion fees, media and broadcasting rights, sponsorships, licensing, and other commercial activities associated with the championship.
Formula 1 organizes a global calendar of motor races and supports related digital, content, hospitality, and fan-engagement activities. Its events serve audiences across Europe, the Americas, Asia, the Middle East, and other international markets through television, streaming, online platforms, sponsorship programs, and licensed merchandise. The Formula One Group has also been associated with adjacent motorsports and experiential businesses, including event hospitality and ticketing services.
Liberty Media acquired Formula 1 in 2017 from funds affiliated with CVC Capital Partners. Formula One is led operationally by Stefano Domenicali, its president and chief executive officer. The Liberty Formula One Series B shares are a tracking stock of Liberty Media rather than shares of a separate Formula 1 legal entity; their economic performance is intended to reflect the results of the Formula One Group.
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