News Details
F1 records $104m loss in Q3 amid pandemic
Formula 1 has announced a loss of $104 million on its third-quarter income for 2020, as the sport continues to be hard-hit by the COVID-19 pandemic. After recording total revenues of $633m from July to September in 2019, for which it turned a $32m profit, F1 only managed $597m over the same period this year, with the pandemic resulting in a $104m loss due to both a disruption to revenue streams and additional expenses. 'Results in the third quarter of 2020 were impacted by the absence of fans, the location of races as well as the timing of the revised race calendar and pro rata recognition of certain revenue streams,' F1's owners Liberty Media said in a statement. 'Primary F1 revenue...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1 posts $104m quarterly loss as COVID weighs on...
The Formula One Group posted a $104 million loss for its third quarter of...
5y ago from F1i.com
Formula 1 posts $104m loss for Q3, but income starts...
Formula 1 has reported a $104 million loss for the third quarter (July to...
5y ago from MotorsportWeek.com
F1 runs huge loss in third quarter
The financial situation of Formula 1 in the period June to...
5y ago from GPBlog.com
Ferrari profits up despite drop in revenue amid
Luxury sportscar maker and legendary Formula 1 racing team Ferrari on...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Max Biaggi: Aprilia 'not scared by any track' after...
No description available...
10h ago from Motorsport.com
The MotoGP changes Liberty Media should make,...
No description available...
1d ago from Motorsport.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
2d ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
1d ago from Motorsport.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
3d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
3d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Could time bonuses solve the “yo-yo effect” at the...
No description available...
7h ago from Motorsport.com
Dakar 2026, Stage 7: Mattias Ekstrom wins stage after...
No description available...
10h ago from Motorsport.com
Tyre Lottery at the 2026 Dakar Rally: What’s going...
No description available...
1d ago from Motorsport.com
Why M-Sport has faith in youth over experience WRC...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Player ratings: Portsmouth 1-4 Arsenal
Arsenal progressed to the fourth round of the FA Cup with a 4-1 victory at...
2h ago from FreshArsenal.com
Papers: Arsenal and Man City to battle for Livramento...
The top stories and transfer rumours from Saturday's newspapers...
3h ago from SkySports.com
Papers: Arsenal join the race to sign Guehi
The top stories and transfer rumours from Friday's newspapers...
3h ago from SkySports.com
Szoboszlai: Arsenal aren't champions yet, you don't...
It is still too early to crown Arsenal Premier League champions, says...
3h ago from SkySports.com
Comments
Hottest News
Aston Martin bends knee to Adrian Newey F1 demand
Aston Martin has hired ex-Red Bull simulation... Read More »
4h ago from MotorsportWeek.com
Charles Leclerc's family grows after pregnancy announcement
The family of Ferrari F1 star Charles Leclerc is... Read More »
1h ago from GPFans.com
'We'll get other drivers' - Ford's defiant Max Verstappen...
Ford Racing global director Mark Rushbrook has... Read More »
2h ago from GPFans.com
