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...
5y 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...
5y 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...
5y ago from F1i.com
New fascinating F1 docuseries set for Netflix release...
Formula 1 has announced that a new docuseries chronicling the 2018 season...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
What Yamaha sees in Rins despite his injury turmoil
No description available...
4h ago from Motorsport.com
India to return to MotoGP calendar in 2026
It is confirmed that the Buddh International Circuit will return to the...
4h ago from MotorsportWeek.c...
Francesco Bagnaia provides update on Suzuka 8 Hours...
Two-time MotoGP champion Francesco Bagnaia has provided an update on a...
8h ago from MotorsportWeek.c...
Francesco Bagnaia: Jorge Martin ‘impossible to...
Ducati’s Francesco Bagnaia has conceded that it was “impossible to...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Jamie Chadwick completes ‘incredible’ maiden...
Jamie Chadwick completed her first NTT IndyCar Series test earlier this...
3h ago from MotorsportWeek.c...
Rinus VeeKay now free agent for 2025 after confirming...
No description available...
1w ago from Motorsport.com
Alex Palou officially accepts title at IndyCar’s...
The NTT IndyCar Series held its annual post-season Victory Lap...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Alonso: Third F1 title my "only priority",...
No description available...
7h ago from Motorsport.com
Ekstrom joins Ford’s Dakar team for 2025 after Audi...
No description available...
1d ago from Motorsport.com
Tanak: Neuville is “not safe yet” in WRC title...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'He was finding clever movements to go to the right...
No description available...
55m ago from SportsKeeda.com
Liverpool transfer news: Reds to rival Inter Milan for...
Liverpool are reportedly preparing to compete with Serie A champions Inter...
45m ago from SportsMole.co.uk
'We are talking' – Uncle of Premier League ace...
Aston Villa star Jhon Duran has already caught the eye of top European...
1h ago from CaughtOffside.com
What Gabriel did during Arsenal goal shows why the...
Arsenal earned their first win in this season's Champions League on...
3h ago from CaughtOffside.com
Comments
Hottest News
McLaren chief RESIGNS in shock move
McLaren CEO Zak Brown has resigned from his role... Read More »
1h ago from GPFans.com
Norris suffers HUGE loss after major statement released
Lando Norris is facing a bitterly disappointing... Read More »
11h ago from GPFans.com
F1 announce 10-year partnership with LVMH
Formula 1 has announced a 10-year global... Read More »
1h ago from MotorsportWeek.com
