Liberty Formula One Group logo

Liberty Formula One Group - Class A

LTS:0JUJ (USA)   A
$ 45.87 (0%) Apr 26
105.84
P/B:
2.24
Market Cap:
$ 16.08B
Enterprise V:
$ 17.58B
Volume:
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Avg Vol (2M):
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Volume:
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Business Description

Liberty Formula One Group logo
Liberty Formula One Group
NAICS : 512110 SIC : 7812
ISIN : US5312297717

Share Class Description:

LTS:0JUJ: A
Description
Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. The F1 schedule in 2023 will encompass 23 races held on five continents. Formula One Group is a subsidiary of Liberty Media, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.