News Details
Formula 1 pockets $744m in revenue in second quarter 2022
The Formula One Group announced on Friday that it had generated a healthy $744 million in revenue in the second quarter of 2022, an approximate 49 per cent increase compared to Q2 2021. The sport's finances have been on a steady recovery path since last year after a lean period caused by the global Covid-19 pandemic. Formula 1's latest numbers, added to the $360 million produced in the first quarter of 2022, bring Grand Prix racing's six-month revenue to $1.104 billion. Looking at the sport's bottom line, operating income clocked in at $49 million for the quarter which compares to a loss of $43 million incurred during the same three-month period in 2021. "The Formula 1 2022 season...
Full Story »
Full Story »
You May Also Be Interested In...
Formula 1 reports $240m rise in second quarter revenues
Formula 1 has released its second quarter earnings report, which shows a...
1y ago from MotorsportWeek.com
Ferrari exceed analysts' expectations as they record...
Despite ongoing issues on the track, off the track Ferrari have been more...
1y ago from Formula1News.co.uk
Pirelli's pricing power helps offset economic...
Strong pricing power and cost savings will help Pirelli offset economic...
1y ago from GrandPrix247.com
F1 continues to set records with $243million revenue...
Liberty Media has reported a revenue increase of over $200million compared...
1y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia needs "better bike" to be stronger...
No description available...
1h ago from Motorsport.com
Pramac's Morbidelli still "missing freedom"...
No description available...
21h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
1d ago from MotorsportWeek.c...
Oliveira frustrated by "baby steps" as 2024...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
The good, bad, and ugly of IndyCar's half-baked...
No description available...
19h ago from Motorsport.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
1d ago from Motorsport.com
Rising concerns in IndyCar over PFC’s braking system
No description available...
2d ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Disaster for Hyundai as Lappi and Tänak retire from...
Esapekka Lappi retired his Hyundai i20 N with a broken gearbox in stage...
48m ago from MotorsportWeek.c...
Neuville reveals “MacGyver” style WRC Safari Rally...
No description available...
3h ago from Motorsport.com
WRC Safari Rally: Rovanpera stuns rivals to lead as...
No description available...
4h ago from Motorsport.com
How WRC Rally1 teams embraced the return of the...
No description available...
20h ago from Motorsport.com
Popular On GunnersToday.com
“Both playing really well at the moment” - Jack...
No description available...
2h ago from SportsKeeda.com
“I just don’t know if I’m ready to trust this...
No description available...
2h ago from SportsKeeda.com
Who are Mark Sears' parents, Chad and Lameka? All we...
No description available...
1h ago from SportsKeeda.com
“Can be hurt on transition” - Gael Clichy delivers...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Verstappen and Red Bull see key member suddenly leave with...
Red Bull Racing and Max Verstappen are saying... Read More »
5h ago from GPBlog.com
Who is Lee Stevenson, Verstappen's chief mechanic leaving...
Lee Stevenson announced his departure from Red... Read More »
2h ago from GPBlog.com
Verstappen's Chief F1 Mechanic announces Red Bull departure
Max Verstappen's long-serving Chief Mechanic Lee... Read More »
2h ago from MotorsportWeek.com