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
Everything we know about Goiania Circuit –...
No description available...
8h ago from Motorsport.com
Heavy rain and flooding hits Autodromo Ayrton Senna...
No description available...
16h ago from Motorsport.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
1d ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
1d ago from MotorsportWeek.c...
Takuma Sato set for Indy 500 return with Rahal...
No description available...
1d ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
1d ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
WRC working to secure future of Safari Rally Kenya...
No description available...
13h ago from Motorsport.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
2d ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
4d ago from Motorsport.com
WRC to return to GB in 2027 as Scotland secures...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal plot £69m move for 10-goal ace to replace...
Arsenal are interested in signing the AC Milan attacker Raphael Leao at...
5h ago from CaughtOffside.com
Premier League officials appear to confirm Arsenal...
Premier League officials have admitted that Arsenal benefited from two key...
3h ago from SportsKeeda.com
Arsenal, Chelsea, and Newcastle eye 70m move for...
Newcastle United, Arsenal, and Chelsea are all keeping tabs on Christian...
6h ago from CaughtOffside.com
Mikel Arteta targets 50m+ La Liga star to supercharge...
Mikel Arteta's Arsenal are keen on acquiring the services of Real Madrid...
6h ago from CaughtOffside.com
Comments
Hottest News
George Russell linked with $300m move away from Mercedes to...
An astonishing transfer claim has been made about... Read More »
17h ago from GPFans.com
Aston Martin replacing Adrian Newey as team principal the...
Aston Martin's 2026 F1 season is descending into... Read More »
8h ago from GPFans.com
F1 News Today: Max Verstappen told to leave F1 as series...
Max Verstappen's criticism of the new F1 cars has... Read More »
3h ago from GPFans.com
