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

Liberty Media Corporation – Liberty Formula One Series B (OTCMKTS:FWONB) announced its earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, Zacks reports.

Liberty Media Corporation – Liberty Formula One Series B Stock Down 0.7%

Shares of FWONB stock traded down $0.75 during trading hours on Friday, reaching $104.24. 133 shares of the company’s stock were exchanged, compared to its average volume of 228. Liberty Media Corporation – Liberty Formula One Series B has a fifty-two week low of $73.00 and a fifty-two week high of $105.00. The stock has a market capitalization of $26.11 billion, a P/E ratio of 153.29 and a beta of 0.26. The business has a fifty day moving average price of $87.05 and a 200-day moving average price of $83.29.

Liberty Media Corporation – Liberty Formula One Series B Company Profile

Liberty Media Corporation’s Liberty Formula One Group represents the company’s ownership interest in Formula 1, the international motorsport series. Through Formula 1 and related subsidiaries, the group manages the commercial rights to the FIA Formula One World Championship, including race promotion, media and broadcasting rights, sponsorships, digital content, licensing, and hospitality activities.

Formula 1 serves a global audience through a championship staged across multiple regions, including Europe, the Americas, the Middle East, and the Asia-Pacific area.