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
Aprilia steps up efforts to lure Francesco Bagnaia for...
No description available...
4h ago from Motorsport.com
MotoGP to leave Phillip Island in favour of Adelaide...
MotoGP has confirmed that the Australian Grand Prix will move from...
4h ago from MotorsportWeek.c...
Casey Stoner leads criticism as Phillip Island’s...
No description available...
6h ago from Motorsport.com
Adelaide set to host the 2027 Australian MotoGP Grand...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar expanding global broadcasting presence for the...
No description available...
1h ago from Motorsport.com
Alexander Rossi fastest as rain disrupts second...
The NTT IndyCar Series completed the second and final day of testing at...
16h ago from MotorsportWeek.c...
Firestone prepared to take new right-front tire for...
No description available...
19h ago from Motorsport.com
Marcus Ericsson crashes in last IndyCar test session...
No description available...
16h ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
3d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
4d ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
4d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
4d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal star makes decision on Emirates future,...
Bukayo Saka has signed a new long-term contract with Arsenal, and the...
52m ago from CaughtOffside.com
Report: Man Utd have discussed £95m Liverpool...
Manchester United have reportedly had some internal discussions about the...
2h ago from CaughtOffside.com
Saka becomes Arsenal's best-paid player after signing...
Bukayo Saka has signed a new four-year contract at Arsenal that makes him...
1h ago from SkySports.com
'Incredible' manager tipped to replace Arteta at...
Former Arsenal midfielder Emmanuel Petit believes Como boss Cesc Fabregas...
2h ago from CaughtOffside.com
Comments
Hottest News
F1: Test Times: Bahrain 19-02
Today's times from Manama, the second day of the... Read More »
52m ago from Pitpass.com
F1 Testing Results: Bahrain timesheets as Lewis Hamilton...
Lewis Hamilton's second day of F1 testing at the... Read More »
5h ago from GPFans.com
Potential game-changer? Ferrari's 'clever' upside-down rear...
Technical analyst Sam Collins examines Ferrari's... Read More »
32m ago from SkySports.com
