News Details
Formula 1 suffers $68M loss in 2018 despite revenue increase
The Formula One Group grew its revenue in 2018 according to its financial report released on Thursday, but increased expenditures led to an overall loss for the second year in a row. The sport enjoyed a $44 million boost in revenue for the 2018 calendar year, F1 bringing in a total of $1,827m. However, only $6m of the increase was produced by "primary F1 revenue", or revenue derived from race promotion fees, broadcasting fees, advertising and sponsorship fees. The remaining $38m in additional revenue came from various sources such as "logistics revenue, digital media and TV production related revenue, increased revenue from various fan engagement activities and higher spare...
Full Story »
Full Story »
You May Also Be Interested In...
F1 posts $68m loss despite increased revenues in 2018
The Formula 1 Group has posted a loss for the second year in a row...
6y ago from MotorsportWeek.com
Less money for F1 teams as revenue slides further in...
Payments to Formula 1 teams slid for the second year in a row during 2018...
6y ago from GrandPrix247.com
Ferrari remains in command on Day 7 but Red Bull...
Ferrari and Charles Leclerc's morning flyer remained out of reach on...
6y ago from F1i.com
New fascinating F1 docuseries set for Netflix release...
Formula 1 has announced that a new docuseries chronicling the 2018 season...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
10h ago from Motorsport.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
1d ago from Motorsport.com
Jorge Martin targets podium after injury hit his 2025...
No description available...
2d ago from Motorsport.com
MotoGP to use 100% non-fossil fuels by 2027 season
MotoGP has announced that the fuel used across all Grand Prix classes...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
1d ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
1d ago from Motorsport.com
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
2d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Finland: Rally leader Kalle Rovanpera on why...
No description available...
4h ago from Motorsport.com
Kalle Rovanpera shines in tricky weather to lead WRC...
No description available...
5h ago from Motorsport.com
WRC Finland: Kalle Rovanpera on top of close fight
No description available...
12h ago from Motorsport.com
Kalle on course in Finland
Kalle Rovanperä and Jonne Halttunen ended the first full day of WRC...
5h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Report: Arsenal on alert as PL & CL winner yet to...
Arsenal are reportedly one of the clubs keeping an eye on the situation of...
10h ago from CaughtOffside.com
Player is 'keen' on Arsenal move, Gunners hoping to...
Crystal Palace attacker Eberechi Eze has been linked with a move away from...
11h ago from CaughtOffside.com
“It’s a great signing for Arsenal' - Former PL...
Former Newcastle United manager Alan Pardew has named Arsenal's Viktor...
9h ago from SportsKeeda.com
“Gonna put it out there” - Former Manchester...
Former Manchester United defender Demetri Mitchell has claimed that Rasmus...
13h ago from SportsKeeda.com
Comments
Hottest News
FIA announce penalty verdict after controversial Max...
The FIA have announced the stewards verdict after... Read More »
7h ago from GPFans.com
Hungarian GP: Friday's action in pictures
Formula 1 fans at the Hungarian Grand Prix... Read More »
4h ago from F1i.com
Hungarian GP FP2: Norris from Piastri, trouble for...
McLaren maintained their Hungarian Grand Prix... Read More »
7h ago from GrandPrix247.com
