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Formula 1 revenue tops $500 million in first quarter 2024
© XPB Michael Delaney
08/05/2024 at 15:5608/05/2024 at 16:06 Formula 1's financial health is looking increasingly strong following its Q1 2024 results which registered a 45% increase in revenue compared to the same period in 2023. The sport raked in $553 million for the first three months of the year compared to $381 million in Q1 2023, while the Formula One Group’s total operating income clocked in at $95 million compared to $16 million in the first quarter of 2023. However, this year’s featured three events compared to only two races taking place in the corresponding period last year. Looking under the hood, Liberty Media reported healthy growth across all primary revenue...
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