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Formula 1 results improve in Q1 2021 as recovery continues
Formula 1 improved its financials in the first quarter of 2021 as the sport remained on its road to recovery after last years' disruption due to the COVID-19 pandemic. Total revenue for the period running from January 1 to March 31, 2021 came in at $180 million compared to $39 million for the first quarter of 2020. Formula 1 still suffered an operating loss in the quarter, but one that dwindled from $137 million last year to just $33 million in 2021. As a reminder, due to the global pandemic, no races were held in the first three months of 2020, while F1 registered revenue from one race – the Bahrain GP – during this year's Q1. A total amount of $44 million was distributed to teams in...
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