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 »
4y 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...
4y 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...
4y ago from MotorsportWeek.com
F1 runs huge loss in third quarter
The financial situation of Formula 1 in the period June to...
4y ago from GPBlog.com
Ferrari profits up despite drop in revenue amid
Luxury sportscar maker and legendary Formula 1 racing team Ferrari on...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Attritional German GP matches record for fewest...
No description available...
5h ago from Motorsport.com
Marc Márquez wins crash-filled German MotoGP as just...
t;li>Márquez holds off brother Alex to extend title leadFrancesco...
6h ago from TheGuardian.com
MotoGP German GP: Marc Marquez dominates for victory...
No description available...
7h ago from Motorsport.com
Marc Marquez dominates to take victory in crash-heavy...
Marc Marquez produced a dominant showing to seal a ninth German MotoGP...
7h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Arrow McLaren’s Nolan Siegel not cleared to race in...
No description available...
4h ago from Motorsport.com
Palou returns to the top with Iowa Speedway victory
The second IndyCar race in as many days took place at Iowa Speedway on...
13m ago from MotorsportWeek.c...
Nolan Siegel not medically cleared for second IndyCar...
Arrow McLaren announced Sunday morning that its driver Nolan Siegel has...
6h ago from MotorsportWeek.c...
IndyCar Iowa – Race 2 Results
The second race of IndyCar’s double-header took place on Sunday...
3m ago from MotorsportWeek.c...
Popular On TotalWRC.com
Attritional German GP matches record for fewest...
No description available...
5h ago from Motorsport.com
MotoGP German GP: Marc Marquez dominates for victory...
No description available...
7h ago from Motorsport.com
Will any NASCAR Cup driver actually challenge Shane...
No description available...
4h ago from Motorsport.com
Arrow McLaren’s Nolan Siegel not cleared to race in...
No description available...
4h ago from Motorsport.com
Popular On GunnersToday.com
Fabrizio Romano: Arsenal set to sign 70m striker + a...
Arsenal are closing in on a blockbuster double swoop, with transfer guru...
1h ago from FreshArsenal.com
Arsenal close to agreeing deal to sign Gyokeres
Arsenal are close to completing a deal to sign Viktor Gyokeres from...
44m ago from SkySports.com
Arsenal close to completing deal for superstar forward...
Arsenal are reportedly close to completing the deal to sign Viktor...
1h ago from SportsKeeda.com
Arsenal close to completing long-awaited transfer...
Arsenal have long desired the signing of a prolific striker, and in the...
2h ago from CaughtOffside.com
Comments
Hottest News
Geri Horner faces spiralling debt amid Christian Horner Red...
Geri Halliwell-Horner is facing a financial blow... Read More »
5h ago from GPFans.com
Christian Horner backed for stronger F1 RETURN after Toto...
Recently sacked F1 boss Christian Horner has been... Read More »
1h ago from GPFans.com
Red Bull F1 chiefs have 'given up' Max Verstappen fight
Max Verstappen's F1 future remains uncertain, but... Read More »
2h ago from GPFans.com
