News Details
Formula 1 quarterly revenue tumbles, hit by COVID-19
Formula 1 saw its second quarter 2020 revenue crash by 96 percent compared to the same period last year as Grand Prix racing's numbers suffered massively from the impact of the global COVID-19 pandemic. The sport's disrupted schedule which included no races during the April-June period logically hit commercial rights holder Liberty Media's top and bottom lines. F1's revenue crashed from $620 million for the second quarter of 2019 to a mere $24 millions for Q2 2020, with income limited to various sponsorship payments. F1 has posted a $14 million profit in the same period last year but the lack of revenue in Q2 led to a $136 million loss in the quarter. 'Extremely angry' Stroll responds to...
Full Story »
Full Story »
You May Also Be Interested In...
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
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 F1 revenue takes massive hit amid COVID-19...
Ferrari unsurprisingly announced on Monday a decline in its financials...
5y ago from F1i.com
Formula 1 revenue drops by almost $600m in second...
Formula 1 owners Liberty Media has revealed the startling cost of the...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Guenther Steiner puzzled by MotoGP bikes sitting out...
No description available...
56m ago from Motorsport.com
Enea Bastianini blasts MotoGP safety commission and...
Enea Bastianini has criticised the existing MotoGP safety commission by...
36m ago from MotorsportWeek.c...
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
1d ago from Motorsport.com
Why Dani Pedrosa won't replace Maverick Vinales at Le...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar expands Push to Pass availability
The NTT IndyCar Series has announced a change to the series’ Push to...
21h ago from MotorsportWeek.c...
IndyCar officiating board helps shape Push to Pass...
IndyCar’s new Independent Officiating Board has made one of its first...
20h ago from MotorsportWeek.c...
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
1d ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
1d ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
6d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Shearer praises ‘exceptional' player who...
Arsenal are heading to a Champions League final for the first time in two...
26m ago from CaughtOffside.com
Video: Diego Simeone walks on the Arsenal badge...
Atletico Madrid manager Diego Simeone has been filmed walking on the...
1h ago from CaughtOffside.com
‘An incredible night’: Mikel Arteta so proud of...
t;li>Saka sinks Atlético to put club in Champions League final‘We...
46m ago from TheGuardian.com
Declan Rice wasted no time in taking a swipe at...
The Emirates Stadium was absolutely rocking on Tuesday night as Arsenal...
2h ago from CaughtOffside.com
Comments
Hottest News
Oldest living F1 driver passes away aged 100
The oldest living former F1 driver has sadly died... Read More »
56m ago from RacingNews365.com
F1: Montoya wants Verstappen punished
Juan Pablo Montoya wants Max Verstappen penalised... Read More »
56m ago from Pitpass.com
Lewis Hamilton confirms he will take radical...
Lewis Hamilton has confirmed he will take a... Read More »
1h ago from MotorsportWeek.com
