News Details
F1 records $104m loss in Q3 amid pandemic
Formula 1 has announced a loss of $104 million on its third-quarter income for 2020, as the sport continues to be hard-hit by the COVID-19 pandemic. After recording total revenues of $633m from July to September in 2019, for which it turned a $32m profit, F1 only managed $597m over the same period this year, with the pandemic resulting in a $104m loss due to both a disruption to revenue streams and additional expenses. 'Results in the third quarter of 2020 were impacted by the absence of fans, the location of races as well as the timing of the revised race calendar and pro rata recognition of certain revenue streams,' F1's owners Liberty Media said in a statement. 'Primary F1 revenue...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
F1 posts $104m quarterly loss as COVID weighs on...
The Formula One Group posted a $104 million loss for its third quarter of...
4y ago from F1i.com
Formula 1 posts $104m loss for Q3, but income starts...
Formula 1 has reported a $104 million loss for the third quarter (July to...
4y ago from MotorsportWeek.com
F1 runs huge loss in third quarter
The financial situation of Formula 1 in the period June to...
4y ago from GPBlog.com
Ferrari profits up despite drop in revenue amid
Luxury sportscar maker and legendary Formula 1 racing team Ferrari on...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Yamaha confirms its V4 will race at MotoGP San Marino...
No description available...
5d ago from Motorsport.com
Why Jorge Martin burst into tears at MotoGP Hungarian...
No description available...
2d ago from Motorsport.com
Marc Marquez: ‘My exceptional 2025 MotoGP season...
No description available...
3d ago from Motorsport.com
Marc Marquez: ‘Not normal to win every weekend’...
Marc Marquez admits “it’s not normal to win every weekend” despite...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O’Ward powers to a blistering 202.621 mph pole...
No description available...
14h ago from Motorsport.com
IndyCar Nashville – Qualifying Results
The final qualifying session of the 2025 IndyCar season took place on...
14h ago from MotorsportWeek.c...
O’Ward tops 202 MPH to take IndyCar pole in Nashville
The NTT IndyCar Series is visiting Nashville Superspeedway this weekend,...
14h ago from MotorsportWeek.c...
Callum Ilott, Christian Rasmussen given IndyCar grid...
The NTT IndyCar Series has handed out grid penalties for two drivers...
20h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Ogier: Paraguay victory fight “not over”...
No description available...
2h ago from Motorsport.com
Ogier leads as Rovanperä falls back in Paraguay
Sebastian Ogier and Vincent Landais led Rally del Paraguay after...
13h ago from MotorsportWeek.c...
Sebastien Ogier storms to WRC Rally Paraguay lead as...
No description available...
12h ago from Motorsport.com
M-Sport Ford team hits bedrock at WRC Rally Paraguay...
No description available...
15h ago from Motorsport.com
Popular On GunnersToday.com
Liverpool preview: Eze from the start, or later?
Morning. It's a tough away trip today as we visit Anfield to take on...
2h ago from Arseblog.com
Mikel Arteta admits Arsenal plan vs Liverpool will be...
Arsenal manager Mikel Arteta has admitted that he may have to field an...
12h ago from CaughtOffside.com
Slot’s revamped Liverpool are vulnerable in a way...
ury-hit Arsenal face an ill-at-ease champions struggling to fit the new...
12h ago from TheGuardian.com
West Ham may have edge over Euro giants in race to...
West Ham United have reportedly joined the race for the potential transfer...
21h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 Dutch Grand Prix starting grid with penalties...
Here is the official F1 starting grid for the... Read More »
3h ago from GPFans.com
Lewis Hamilton and Max Verstappen among stars at risk of...
F1 champions Lewis Hamilton and Max Verstappen... Read More »
45m ago from GPFans.com
F1 News Today: Sky pundit calls for Max Verstappen demotion...
Sky F1 pundit Karun Chandhok has called for Max... Read More »
4h ago from GPFans.com
