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...
4y 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...
4y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
1h ago from MotorsportWeek.c...
What we know about Ducati’s Balaton Park test ahead...
No description available...
3h ago from Motorsport.com
Marc Marquez aims to ‘mentally defeat’ rivals, not...
No description available...
1d ago from Motorsport.com
Liberty Media can’t follow its F1 play to boost...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou claims FOX’s investment will be...
No description available...
17h ago from Motorsport.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
21h ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
5d ago from Motorsport.com
Alex Palou will not play it safe in Portland to secure...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
2d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
2d ago from Motorsport.com
WRC Rally Finland: Kalle Rovanpera takes historic home...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Journalist confirms Spurs 'appreciate' 25-G/A star but...
Eberechi Eze has been linked with a move away from Crystal Palace for...
51m ago from CaughtOffside.com
'We just don’t know until it happens' - Paul Scholes...
Manchester United legend Paul Scholes has cast doubts on Arsenal's signing...
3h ago from SportsKeeda.com
'A lot of frustration' at Arsenal following transfer...
Arsenal have reportedly been left frustrated by the transfer deal taking...
2h ago from CaughtOffside.com
'It was more for them that I persevered' - Chelsea new...
New Chelsea signing Willian Estevao has stated that his biggest motivation...
4h ago from SportsKeeda.com
Comments
Hottest News
Breaking: Alpine deliver Franco Colapinto medical update...
Franco Colapinto is driving today for Alpine in... Read More »
3h ago from RacingNews365.com
F1 fan busted in wild attempt to break into Hungarian GP
An F1 fan was caught at the last moment in a wild... Read More »
2h ago from GPFans.com
Cora Schumacher only keeping name ‘for money'
Aug.6 Cora Schumacher has admitted she's keeping... Read More »
6h ago from OneStopStrategy.com
