News Details
Formula 1 quarterly revenue tumbles, hit by COVID-19
Formula 1 saw its second quarter 2020 revenue crash by 96 percent compared to the same period last year as Grand Prix racing's numbers suffered massively from the impact of the global COVID-19 pandemic. The sport's disrupted schedule which included no races during the April-June period logically hit commercial rights holder Liberty Media's top and bottom lines. F1's revenue crashed from $620 million for the second quarter of 2019 to a mere $24 millions for Q2 2020, with income limited to various sponsorship payments. F1 has posted a $14 million profit in the same period last year but the lack of revenue in Q2 led to a $136 million loss in the quarter. 'Extremely angry' Stroll responds to...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari’s 2020 F1 loss ‘in the high tens of...
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula...
5y ago from MotorsportWeek.com
F1 revenue crashed 96 per cent during Covid-19 lockdown
Formula 1’s revenues crashed by 96 per cent year-on-year during the...
5y ago from MotorsportWeek.com
Ferrari F1 revenue takes massive hit amid COVID-19...
Ferrari unsurprisingly announced on Monday a decline in its financials...
5y ago from F1i.com
Formula 1 revenue drops by almost $600m in second...
Formula 1 owners Liberty Media has revealed the startling cost of the...
5y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Pedro Acosta tops second Balaton Park MotoGP practice
KTM rider Pedro Acosta topped the timesheets in the second MotoGP...
39m ago from MotorsportWeek.c...
Jack Miller on 2026 MotoGP plans: ‘Your guess is...
Four-time MotoGP race winner Jack Miller is waiting for an answer from...
3h ago from MotorsportWeek.c...
Marc Marquez quickest in first MotoGP practice at...
Distant championship leader Marc Marquez continued his dominance by...
4h ago from MotorsportWeek.c...
Jack Miller has “options outside of Yamaha” as...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
PREMA adapting European approach to better suit IndyCar
PREMA has nearly completed its first season fielding a pair of entries in...
1d ago from MotorsportWeek.c...
NASCAR Trucks to join IndyCar for St. Petersburg race...
The 2026 schedule for the NASCAR Craftsman Truck Series (NCTS) was...
1d ago from MotorsportWeek.c...
Mexico IndyCar race edges closer as officials visit...
No description available...
2d ago from Motorsport.com
Marcus Armstrong will return to Meyer Shank Racing for...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
FIA launches tender process for new WRC promoter
No description available...
1d ago from Motorsport.com
Esteban Ocon's wild childhood dream: 'I wanted to buy...
No description available...
1w ago from Motorsport.com
How drones will change the way you watch motorsport
No description available...
1w ago from Motorsport.com
How WRC's crucial 2027 rules are falling into place
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Documents signed: Fabrizio Romano explains whether...
All the documents have reportedly been signed for Eberechi Eze to complete...
2h ago from CaughtOffside.com
Report: Why Eberechi Eze has chosen to join Arsenal...
Arsenal seem to have beaten Tottenham Hotspur to the signature of Eberechi...
39m ago from CaughtOffside.com
'Nothing to comment' | Arteta refuses to be drawn on...
Mikel Arteta refuses to confirm whether Eberechi Eze signing for the club...
1h ago from SkySports.com
'Bit of a disaster really for Spurs to lose out' -...
Former Tottenham Hotspur striker Gary Lineker has shared his thoughts on...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 News Today: Verstappen stunned by team-mate reveal as...
Max Verstappen was left stunned after hearing a... Read More »
1h ago from GPFans.com
Adrian Newey leaves Fernando Alonso stunned: 'It's...
Aston Martin has signed Adrian Newey to head its... Read More »
4h ago from RacingNews365.com
Ford all set to launch Red Bull takeover
Ford are beefing up their involvement in Formula... Read More »
7h ago from GPFans.com
