F1 has posted its Q3 results Formula 1’s balance sheets are beginning to show signs of recovery following a sizeable hit during the height of the COVID-19 pandemic. The sport posted a $143 million loss for the third quarter of 2020, with revenues of $820 million. That compared to revenues of $870 million a year ago. In August, the sport announced its revenue for the quarter had fallen to just $33 million, a drop of more than $800 million on the same period in 2019. Its latest result is therefore evidence of the sport beginning to bounce back financially as revenues significantly increased from the second quarter results. It still marked a reduction in revenues based on previous years,...
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