News Details
Formula 1 revenue drops by almost $600m in second quarter
Formula 1 owners Liberty Media has revealed the startling cost of the Covid-19 pandemic in its second quarterly report of 2020. The headline figures do not make for pleasant reading for F1 CEO Chase Carey or Liberty Media although these must be taken with a pinch of salt, as while seven races took place in the second quarter of 2019, no racing took place in the same period in '20. Article continues under video Even allowing for this, the numbers sting, with quarterly revenue down from $620million in '19, to $24m in '20, and while costs are down, the overall operating income dropped from a $26m profit to $122m loss. This is a change of negative 569 per cent. Carey is quoted in the report as...
Full Story »
Full Story »
4y ago from GPFans.com
0
You May Also Be Interested In...
Ferrari F1 revenue takes massive hit amid COVID-19...
Ferrari unsurprisingly announced on Monday a decline in its financials...
4y ago from F1i.com
F1 revenue crashed 96 per cent during Covid-19 lockdown
Formula 1’s revenues crashed by 96 per cent year-on-year during the...
4y ago from MotorsportWeek.com
Ferrari’s 2020 F1 loss ‘in the high tens of...
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula...
4y ago from MotorsportWeek.com
Not pitting Hamilton late "a mistake that almost...
Mercedes has admitted leaving Lewis Hamilton out after Max Verstappen's...
4y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Details of Marc Marquez’s first test with factory...
No description available...
12h ago from Motorsport.com
Bagnaia: I will learn to finish fifth instead of...
No description available...
13h ago from Motorsport.com
The mental metamorphosis that helped Martin secure his...
No description available...
12h ago from Motorsport.com
Harley-Davidson and MotoGP’s Dorna announce new...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Despite three IndyCar titles, Palou feels incomplete...
No description available...
4d ago from Motorsport.com
Penske Entertainment buys Grand Prix of Long Beach
No description available...
4d ago from Motorsport.com
Penske purchases Grand Prix Association of Long Beach
Penske Entertainment announced Thursday that it has acquired the Grand...
4d ago from MotorsportWeek.c...
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How losing hybrid will affect WRC Rally1 cars in 2025
No description available...
16h ago from Motorsport.com
Croatia strikes new deal to rejoin WRC in 2026
No description available...
3d ago from Motorsport.com
WRC drops hybrid power as part of 2025 Rally1 refresh
No description available...
3d ago from Motorsport.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Manchester United plot January loan move for...
No description available...
3h ago from SportsKeeda.com
Liverpool, Arsenal sent £33.4m transfer warning by...
Eintracht Frankfurt sporting director Markus Krosche warns Liverpool that...
4h ago from SportsMole.co.uk
Keown in heated clash with fellow pundit over future...
Martin Keown and Simon Jordan have locked horns in a fierce debate over...
6h ago from CaughtOffside.com
'I imagined a future there' - Real Madrid star...
No description available...
6h ago from SportsKeeda.com
Comments
Hottest News
Ricciardo makes sensational RETURN as F1 team announce huge...
Axed Formula 1 star Daniel Ricciardo is keeping... Read More »
5h ago from GPFans.com
Huge Cullen statement made ahead of Hamilton Ferrari switch
A clear statement has been made regarding Lewis... Read More »
10h ago from GPFans.com
Ricciardo makes STUNNING motorsport return
Axed Formula 1 star Daniel Ricciardo has made a... Read More »
7h ago from GPFans.com
