News Details

Ferrari exceed analysts' expectations as they record eyewatering Q2 profit

Despite ongoing issues on the track, off the track Ferrari have been more successful than ever before, with the Italian manufacturer having recorded revenue of $1.3bn in Q2 of 2022. The sum is more than was predicted by Wall Street analysts, who expected the famous brand to make just one billion in Q2 of this year; however, with the popularity of Formula 1 continuing to increase, it's massively benefitted the manufacturer's profits. The record revenue is 24.9% more than they managed in Q2 of 2021, resulting in Ferrari announcing that they expect to make five billion dollars by the end of the year. Despite ongoing shipping problems due to the Coronavirus and the conflict in Ukraine, Ferrari...
Full Story »
Share

You May Also Be Interested In...

Daniel Ricciardo opens up on ‘disappointment' of...

Daniel Ricciardo's career is one of those that leaves the question 'what...
4mo ago from Formula1News.co.uk

Aston Martin warned that Fernando Alonso could cause...

Fernando Alonso has caused complete chaos throughout the Formula 1...
4mo ago from Formula1News.co.uk

Leclerc frustrated with third on the grid after...

Article To news overview © Ferrari Charles Leclerc was left frustrated...
4mo ago from RacingNews365.com

Leclerc 'struggled massively' with tyres in qualifying

Charles Leclerc missed out on what would have been his eighth pole of the...
4mo ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Andretti breaks ground on massive new headquarters

Andretti Autosport has broken ground on its massive new, $290 million...
16h ago from SpeedCafe.com

IndyCar no longer developing 2.4-liter engine for 2024

The NTT IndyCar Series has announced that it is pausing development on its...
22h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Three solutions to Arsenal's Gabriel Jesus injury...

Sports Mole looks at three ways for Arsenal to manage without Gabriel...
46m ago from SportsMole.co.uk

Games Gabriel Jesus could miss through injury

Sports Mole takes a look at which Arsenal games Gabriel Jesus could miss...
1h ago from SportsMole.co.uk

Comments

Hottest News

Guenther Steiner warns McLaren about Oscar Piastri

McLaren and Haas are preparing for 2023 in very... Read More »
4h ago from Formula1News.co.uk

F1 LIVE - Audi join F1 grid four years early

Welcome to our 'F1 LIVE' section that keeps you... Read More »
3h ago from GPFans.com

Mick Schumacher handed F1 lifeline

Calvin Lo has recently thrown his hat in the ring... Read More »
2h ago from Formula1News.co.uk

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.