News Details
Formula E turns profitable in Season 5!
After piling on the losses since its inception in 2014, the all-electric Formula E series has finally recorded its first profit, thanks to record revenue and sponsorship growth. Formula E's fifth campaign produced a 50% increase in revenue, raking in $220.54 million while EBITDA (earnings before interest, tax, depreciation and amortization) was positive for the first time, with a little over $1 million going to the series' bottom line. That contrasts with the massive 26.4 million loss registered in season 4, with the fiscal year ending on July 31, 2018. Vandoorne and de Vries lead Mercedes' electric charge According to an FE spokesman, sponsorship was up 25% in season 5 while the series'...
Full Story »
Full Story »
You May Also Be Interested In...
Race Report: Ferrari's Leclerc holds off Mercedes for...
For 69 of the last 70 years, the Italian Grand Prix has been hosted at...
6y ago from TheParcFerme.com
FIA confirms full 2019/20 Formula E line-up
The FIA has given details of the 12 teams that will be competing in the...
6y ago from F1i.com
Gasly: Peroni crash 'clearly a good reason' to have...
Toro Rosso's Pierre Gasly says the horrific accident suffered by F3 racer...
6y ago from F1i.com
Hamilton says new generation 'gets away with a lot...
Lewis Hamilton says that the new rising stars of Formula 1 such as...
6y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1h ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
3h ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
1d ago from MotorsportWeek.c...
2027 MotoGP bikes may not be slower at half the...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Conor Daly snags Indy 500 ride with Dreyer and Reinbold
Dreyer and Reinbold Racing has announced that Conor Daly will drive for...
21h ago from MotorsportWeek.c...
Conor Daly set for Indy 500 run with Dreyer & Reinbold...
No description available...
21h ago from Motorsport.com
Winners and losers from an action-packed IndyCar race...
No description available...
1d ago from Motorsport.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Safari Rally Kenya will be more of a lottery than...
No description available...
3h ago from Motorsport.com
Hankook introduces new WRC tyre at Safari Rally Kenya
No description available...
21h ago from Motorsport.com
Toyota tips Hyundai to fight back in WRC 2026
No description available...
1d ago from Motorsport.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arteta told he has 'brave decision' to make after...
Arsenal manager Mikel Arteta has been told that he may have a 'brave...
26m ago from CaughtOffside.com
After breakup with Alisha Lehmann, Douglas Luiz...
Aston Villa ace Douglas Luiz has confirmed a relationship with Arsenal...
46m ago from SportsKeeda.com
Chelsea explore surprise transfer raid for Arsenal...
Chelsea are reportedly exploring a surprise potential transfer move for...
1h ago from CaughtOffside.com
‘You never know' – Arsenal attacking...
Arsenal have been linked with a move for Atletico Madrid striker Julian...
2h ago from CaughtOffside.com
Comments
Hottest News
Fred Vasseur claims 'Ferrari would have won F1 title' if...
Ferrari team principal Fred Vasseur has pointed... Read More »
3h ago from GPFans.com
Aston Martin gets testy over Honda battery questions in...
As Aston Martin and its engine partner Honda sat... Read More »
2h ago from F1i.com
Mercedes power unit problem: The big question being asked...
For Mercedes customers McLaren, Williams and... Read More »
46m ago from RacingNews365.com
