Liberty Media Corporation

Liberty Media Corporation is a media and entertainment holding company based in Englewood, Colorado, known for its diversified portfolio spanning the sports, media, and live entertainment sectors. A distinctive feature of the company is its use of tracking stocks, which reflect the performance of underlying business groups rather than the corporation as a whole. The asset in focus, Liberty Media Corporation Series C Liberty Formula One, is a tracking stock designed to represent the economic performance of the Formula One Group. This group primarily includes the global motorsport business Formula 1®, as well as related subsidiaries and select minority investments. As the commercial rights holder for the world-renowned Formula 1 racing series, Liberty Media Corporation plays a central role in shaping the global sports entertainment landscape. Through this tracking stock, investors gain exposure to the financial results and strategic direction of Formula 1, a sport with a massive global following and extensive media rights revenues. Liberty Media’s structure allows for targeted investment in specific facets of its diverse operations, providing transparency and focused performance tracking for different lines of business.