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Strong revenues show F1's COVID recovery
F1 held seven races in the second quarter of 2021 Liberty Media has posted second quarter results for Formula 1 more nearly 2000 percent up versus the same point a year ago. Revenue for the Formula One Group was $501 million, up from $24 million on the COVID-ravaged start to the 2020 season, a rise of 1,988 percent. The significant increase is a result of seven races being held in the first quarter of 2021, versus none in the same period last year. But while the 2021 result is a strong response after a difficult 2020, it's still down on the figures posted in 2019, which saw revenues of more than $600 million in the same period. “There were seven races held in the second quarter of 2021,...
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