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F1's financial recovery continues
According to the second quarter financial reports, F1 is continuing to show positive signs of recovery in the wake of the pandemic. In the second quarter of 2021 (April - June) revenue was $501m compared to just $24m in the same quarter in 2020. Of course, due to the pandemic there were no races in Q2 2020, while there have been 7 so far in Q2 this year. While the $501m is a positive sign, it is worth noting that in Q2 in 2019, which also featured 7 races, revenue was $620m. The operating loss in Q2 was $43m compared to $136m in 2020, though again, the operating loss in 2019 was just $14m. With no races there were no team payments in Q2 2020, however this year the teams shared $308m,...
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4y ago from Pitpass.com
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