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
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
9h ago from Motorsport.com
MotoGP: Qatar GP ‘unlikely', but a ‘plan...
MotoGP Sports Entertainment Group has admitted that the Qatar Grand Prix...
10h ago from MotorsportWeek.c...
Michelin boss reveals potential cause of ‘never...
Marc Marquez admits the puncture that cost him a podium finish at the...
10h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Winners and losers from the 2026 IndyCar season-opener...
No description available...
1d ago from Motorsport.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
1d ago from MotorsportWeek.c...
Watch: Mick Schumacher taken out on opening lap of...
Fans of Mick Schumacher could switch off early after his IndyCar debut at...
2d ago from MotorsportWeek.c...
Gallery: IndyCar kicks off 2026 season at St. Pete
Motorsport Week has exclusive images from the IndyCar curtain-raiser in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
1d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
4d ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
“No words needed” – Pascal Gross rips into...
Brighton & Hove Albion’s Pascal Gross has slammed Arsenal’s...
1h ago from CaughtOffside.com
‘Only one team tried to play’: Hürzeler hits out...
t;li>‘They are doing their own rules, no matter how they...
1h ago from TheGuardian.com
'Has been immense this game', 'Was f**ing...
Arsenal fans have singled out Gabriel Magalhaes for praise over his...
2h ago from SportsKeeda.com
Angry Hurzeler criticises Arsenal - read every word
A furious Fabian Hurzeler said "only one team tried to play...
2h ago from SkySports.com
Comments
Hottest News
Aston Martin set to DNF at Australian Grand Prix as Alonso...
Aston Martin are unlikely to finish Sunday's... Read More »
54m ago from GPFans.com
Aston Martin reveal 'permanent nerve damage' risk to...
Aston Martin has shared a surprising threat to... Read More »
1h ago from RacingNews365.com
F1 broadcaster announces 2026 TV line-up with glaring...
Sky Sports' Formula 1 television coverage of the... Read More »
2h ago from MotorsportWeek.com
