News Details
F1 records $104m loss in Q3 amid pandemic
Formula 1 has announced a loss of $104 million on its third-quarter income for 2020, as the sport continues to be hard-hit by the COVID-19 pandemic. After recording total revenues of $633m from July to September in 2019, for which it turned a $32m profit, F1 only managed $597m over the same period this year, with the pandemic resulting in a $104m loss due to both a disruption to revenue streams and additional expenses. 'Results in the third quarter of 2020 were impacted by the absence of fans, the location of races as well as the timing of the revised race calendar and pro rata recognition of certain revenue streams,' F1's owners Liberty Media said in a statement. 'Primary F1 revenue...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1 posts $104m quarterly loss as COVID weighs on...
The Formula One Group posted a $104 million loss for its third quarter of...
5y ago from F1i.com
Formula 1 posts $104m loss for Q3, but income starts...
Formula 1 has reported a $104 million loss for the third quarter (July to...
5y ago from MotorsportWeek.com
F1 runs huge loss in third quarter
The financial situation of Formula 1 in the period June to...
5y ago from GPBlog.com
Ferrari profits up despite drop in revenue amid
Luxury sportscar maker and legendary Formula 1 racing team Ferrari on...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Honda completes another test with 2027 bike as Ducati...
No description available...
1h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
4h ago from Motorsport.com
VR46 an option for Pedro Acosta, but priority is a...
No description available...
1d ago from Motorsport.com
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
23h ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
1h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
7h ago from Motorsport.com
Popular On GunnersToday.com
Premier League news: Arteta plays down Rice’s tunnel...
No description available...
39m ago from TheGuardian.com
Here we go: Arsenal & Liverpool transfer target...
Manchester City reportedly look to be closing in on the £20m transfer of...
4h ago from CaughtOffside.com
Chelsea rival Arsenal & Man Utd for 30m wonderkid...
Chelsea are ready to rival the likes of Arsenal and Manchester United for...
6h ago from CaughtOffside.com
“That’s what he has to try” - Mikel Arteta sends...
Arsenal boss Mikel Arteta has told Viktor Gyökeres to be ‘really good...
5h ago from SportsKeeda.com
Comments
Hottest News
Breaking: Lewis Hamilton set for new race engineer after...
A major change has taken place on Lewis... Read More »
1h ago from RacingNews365.com
Alex Albon takes to social media to announce engagement
Wonderful news from Alex Albon and Lily Muni He! Read More »
59m ago from RacingNews365.com
Ferrari engine heard for first time as Cadillac complete...
Cadillac F1 completed its first shakedown at the... Read More »
2h ago from RacingNews365.com
