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F1 revenues up 45%, exceeds $500m in Q1 results
Liberty Media’s financial results have shown that Formula 1 revenue increased by 45% to over half a billion dollars in Q1 compared to the same period last year. The increase is driven in part by the difference in the calendars, with 2023 featuring just two races in the opening quarter of the year, while this season there was an extra round that fell in Q1 as Australia took place on March 24. Compared to last year’s figure of $381 million in revenue for the first quarter, Liberty has announced the Formula One Group generated $553m this year. Liberty says there was growth across F1’s primary revenue streams of race promotion, media rights and sponsorship, with the extra race playing a...
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