News Details
Formula 1 revenue drops by almost $600m in second quarter
Formula 1 owners Liberty Media has revealed the startling cost of the Covid-19 pandemic in its second quarterly report of 2020. The headline figures do not make for pleasant reading for F1 CEO Chase Carey or Liberty Media although these must be taken with a pinch of salt, as while seven races took place in the second quarter of 2019, no racing took place in the same period in '20. Article continues under video Even allowing for this, the numbers sting, with quarterly revenue down from $620million in '19, to $24m in '20, and while costs are down, the overall operating income dropped from a $26m profit to $122m loss. This is a change of negative 569 per cent. Carey is quoted in the report as...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
Ferrari F1 revenue takes massive hit amid COVID-19...
Ferrari unsurprisingly announced on Monday a decline in its financials...
5y ago from F1i.com
F1 revenue crashed 96 per cent during Covid-19 lockdown
Formula 1’s revenues crashed by 96 per cent year-on-year during the...
5y ago from MotorsportWeek.com
Ferrari’s 2020 F1 loss ‘in the high tens of...
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula...
5y ago from MotorsportWeek.com
Not pitting Hamilton late "a mistake that almost...
Mercedes has admitted leaving Lewis Hamilton out after Max Verstappen's...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha launches 2026 MotoGP livery in Jakarta
Monster Energy Yamaha has unveiled the newest edition of its M1 machinery...
39m ago from MotorsportWeek.c...
Yamaha launches V4-powered M1 for 2026 MotoGP season
No description available...
1h ago from Motorsport.com
Francesco Bagnaia: I have potential to make Marc...
No description available...
16h ago from Motorsport.com
Fabio Di Giannantonio: Ducati no longer have an edge...
Fabio Di Giannantonio believes Ducati no longer have an edge over rival...
23h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Ed Carpenter to contest 23rd Indianapolis 500
Owner of the Ed Carpenter Racing IndyCar team Ed Carpenter will race in...
10h ago from MotorsportWeek.c...
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
5d ago from MotorsportWeek.c...
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
5d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier still has motivation “to go for...
No description available...
18h ago from Motorsport.com
Sebastien Loeb after 13 Dakar punctures: Cars now...
No description available...
2d ago from Motorsport.com
Dakar 2026: Dacia edges Ford and Toyota as Nasser...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal & Chelsea sense opportunity to...
Arsenal and Chelsea are both working to position themselves as favourites...
29m ago from CaughtOffside.com
Arsenal open to attacker exit but 28-year-old wants...
Arsenal are prepared to consider offers for Gabriel Jesus, according to...
1h ago from CaughtOffside.com
Wayne Rooney provides honest response when asked if...
Wayne Rooney claimed his 2007/08 Manchester United side would ‘batter’...
1h ago from SportsKeeda.com
'Probably…' – Mikel Arteta appears to...
Arsenal manager Mikel Arteta has seemingly confirmed that Ethan Nwaneri is...
2h ago from CaughtOffside.com
Comments
Hottest News
F1 boss admits 's*** happens' as McLaren head for papaya...
McLaren F1 boss Zak Brown has hinted that the... Read More »
59m ago from GPFans.com
Lewis Hamilton braced for Ferrari chaos over new race...
F1 testing is just six days away and Lewis... Read More »
1h ago from GPFans.com
F1 issued 'not prepared' warning over electric trick
Formula 1 teams have been utilising a fellow FIA... Read More »
2h ago from RacingNews365.com
