Particle.news
Download on the App Store
5 ARTICLES
·
last wk.

Formula One Group Records $1.34 Billion in Q2 Revenue, Up 35%

Liberty Media attributes the increase to a larger race schedule, booming digital subscriptions, a one-time F1 movie payout plus elevated hospitality earnings

Image
Image

Overview

  • The Formula One Group posted $1.34 billion in revenue from April to June, marking a 35% year-over-year gain.
  • Primary revenue rose to $1.03 billion driven by higher race promotion fees, media rights and sponsorship deals.
  • Other revenue climbed from $132 million to $194 million thanks to Grand Prix Plaza leasing in Las Vegas and stronger hospitality performance.
  • The series distributed a record $513 million in prize money to its ten teams during the quarter.
  • Liberty Media completed its acquisition of MotoGP on July 3, bringing the motorcycle series into its motorsports portfolio.