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Formula 1 achieves revenue of over $500 million in first quarter 2024
Formula 1 has started the current season very strongly in financial terms as the first quarter of 2024 saw the sport achieve 45% increase in revenue compared to the same period in 2023. The sport raked in $553 million for the first three months of the year compared to $381 million in Q1 2023, while the Formula One Group’s total operating income clocked in at $95 million compared to $16 million in the first quarter of 2023. The increase was boosted by the fact that the 2024 F1 season started slightly earlier, and the first quarters included three races compared to two rounds in 2023. Liberty Media acquired Formula One's Commercial Rights in 2017. Their work was hindered by the Covid-19...
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4w ago from F1Technical.net
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