News Details
Formula 1 reports huge income drop in Q1
The true effect of the global health crisis on Formula 1 is beginning to show after a huge drop in revenue was published in the Q1 results report. The latest figures cover up until to the postponement of the Bahrain Grand Prix, which was supposed to be the second race on a record-breaking 22-race calendar in 2020. Liberty Media's income for the same period in January to April 2019 was $246m, but the Q1 figure for this year reads just $39m. Primary revenue from the likes of race host fees, sponsorship deals and broadcasting money is down from $139m to $13m and other revenue streams have also dried up from $48m to $26m. Liberty Media stated: 'Since there were no events held during the first...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
Lost F1 income a ‘big hit', says Ferrari, as...
Ferrari’s CEO Louis Camilleri says the lack of Formula 1 action in 2020...
5y ago from MotorsportWeek.com
Formula One Group revenue plummets as pandemic impact...
Liberty Media has revealed the substantial financial losses suffered
by...
5y ago from MotorsportWeek.com
Formula 1 hit by $200m loss of revenue
Liberty Media have revealed that Formula 1 lost over $200 million of...
5y ago from GPFans.com
F1 revenue loss hitting Ferrari in the “harshest...
Ferrari CEO Louis Camilleri says Formula 1’s “drastic” loss of...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
17h ago from Motorsport.com
Should there be a tear-off rule following Marco...
No description available...
2d ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
2d ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
1d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
3d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
1d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
4d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
4d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
4d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'He’s kind of solved that problem for us' - Ian...
Arsenal legend Ian Wright has heaped praise on Viktor Gyokeres after the...
8h ago from SportsKeeda.com
'He gave you that energy, he lifted everybody' - Paul...
Paul Merson has urged Mikel Arteta to start Myles Lewis-Skelly in...
9h ago from SportsKeeda.com
Fit and firing Bukayo Saka injects fresh belief into...
astating cameo highlighted the crucial role the winger has to play if...
13h ago from TheGuardian.com
‘Might leave..' – Ex-player names Arsenal...
As the season approaches its dramatic conclusion this May, the tension...
17h ago from CaughtOffside.com
Comments
Hottest News
Ferrari suffer more Miami Grand Prix pain as F1 star hit...
Charles Leclerc is under investigation by FIA... Read More »
9h ago from GPFans.com
F1: Miami Grand Prix: Result (Amended)
Result of the Crypto.com Miami Grand Prix. Read More »
6h ago from Pitpass.com
Lewis Hamilton reveals staggering Ferrari damage impact
Lewis Hamilton's Miami Grand Prix was undone on... Read More »
35m ago from RacingNews365.com
