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F1 posts $172 million Q3 revenue rise
F1 has posted a $172 million rise in Q3 revenues. Image: XPB Images Liberty Media has announced a $172 million jump in F1 revenue in the third quarter over the same period a year ago. Formula One Group had revenues of $887 million in the third quarter, up from $715 million in 2022, a 24 percent increase. That translated into an operating income 61 percent up on the same period a year ago, helped by the inclusion of eight races versus seven in 2022. “Primary F1 revenue increased in the third quarter with growth across race promotion, media rights and sponsorship partly driven by one more race held in the current period, which resulted in a greater proportion of season-based revenue...
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