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Formula 1 reports huge income drop in Q1
The true effect of the global health crisis on Formula 1 is beginning to show after a huge drop in revenue was published in the Q1 results report. The latest figures cover up until to the postponement of the Bahrain Grand Prix, which was supposed to be the second race on a record-breaking 22-race calendar in 2020. Liberty Media's income for the same period in January to April 2019 was $246m, but the Q1 figure for this year reads just $39m. Primary revenue from the likes of race host fees, sponsorship deals and broadcasting money is down from $139m to $13m and other revenue streams have also dried up from $48m to $26m. Liberty Media stated: 'Since there were no events held during the first...
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4y ago from PlanetF1.com
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