Motorsport Week
  • Formula 1
    • Formula 1 Calendar
    • Championship Standings
    • Team/Driver Line-Up
    • Session Results
  • Formula E
    • Championship Standings
    • Formula E Calendar
    • Session Results
  • WRC
    • WRC Calendar
    • Championship Standings
  • MotoGP
    • MotoGP Calendar
    • Team/Rider Line-Up
    • Championship Standings
  • IndyCar
    • IndyCar Calendar
    • Championship Standings
  • WEC
    • WEC Calendar
  • More
    • IMSA
    • Formula 2
    • Formula 3
    • NASCAR
    • DTM
    • WSeries
    • Extreme E
    • Dakar
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
  • Login
  • Register
  • Formula 1
    • Formula 1 Calendar
    • Championship Standings
    • Team/Driver Line-Up
    • Session Results
  • Formula E
    • Championship Standings
    • Formula E Calendar
    • Session Results
  • WRC
    • WRC Calendar
    • Championship Standings
  • MotoGP
    • MotoGP Calendar
    • Team/Rider Line-Up
    • Championship Standings
  • IndyCar
    • IndyCar Calendar
    • Championship Standings
  • WEC
    • WEC Calendar
  • More
    • IMSA
    • Formula 2
    • Formula 3
    • NASCAR
    • DTM
    • WSeries
    • Extreme E
    • Dakar
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
No Result
View All Result
Motorsport Week
Home Single Seater Formula 1

Formula 1 revenue doubles in first quarter of 2022

by Motorsport Week
2 months ago
0
Formula 1 revenue doubles in first quarter of 2022

Circuit atmosphere - track detail. Miami Grand Prix, Thursday 5th May 2022. Miami International Autodrome, Miami, Florida, USA.

Share on FacebookShare on Twitter

Formula 1’s revenue doubled to $360m during the first quarter of 2022 compared to the same period in 2021.

The championship’s owners, Liberty Media, attributed the growth to two events taking place in Q1 – January through March – compared to 2021, combined with the return of fans and the paddock club following last year’s pandemic-affected events.

Formula 1’s overall income in the corresponding quarter went from a loss of $33m to a profit of $34m.

‘Throughout 2021 and particularly in the first half of the season, attendance at races was limited due to the pandemic, and the Paddock Club did not operate in the first half’, read a statement.

‘F1 does not expect its results in 2022 to be impacted by such capacity limitations, though fan attendance continues to be assessed by relevant government authorities on a race-by-race basis.’

It also outlined that Formula 1 is continuing to evaluate alternatives to the cancelled Russian Grand Prix in order to sustain a 23-round schedule.

Primary F1 revenue grew from $159m to $287 in Q1 2022 versus Q1 2021, due to growth across race promotion, media rights and sponsorship.

Media rights also increased due to growth in F1 TV subscription revenue and fees under new and renewed contractual agreements.

It was outlined that part of the growth in 2022 was due to Q1 2021’s results being impacted by a one-time settlement believed to be related to the cancellation of Vietnam’s planned 2020 round.

“We’ve had a phenomenal start to the 2022 Formula 1 season, building on our momentum from a successful 2021,” said Formula 1 CEO Stefano Domenicali.

“The new cars and regulations are delivering as we had hoped, enabling closer racing, more overtaking, battles through the field and thrilling results. Our events are attracting growing audiences both in person and across all our platforms.”

Tags: F1Liberty
Share618Tweet386Share155

Related Posts

O’Ward takes IndyCar pole as top drivers falter
IndyCar

O’Ward takes IndyCar pole as top drivers falter

9 hours ago
Verstappen asserts he’s unfazed by Silverstone booing
Formula 1

Verstappen asserts he’s unfazed by Silverstone booing

10 hours ago
Sainz explains team radio surprise over first F1 pole position
Formula 1

Sainz explains team radio surprise over first F1 pole position

11 hours ago
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Verstappen asserts he’s unfazed by Silverstone booing
Formula 1

Verstappen asserts he’s unfazed by Silverstone booing

July 2, 2022
Sainz explains team radio surprise over first F1 pole position
Formula 1

Sainz explains team radio surprise over first F1 pole position

July 2, 2022

Upcoming Races

# EventLocationDate
10British GPSilverstone3 July
11Austrian GPSpielberg10 July
12French GPPaul Ricard24 July
13Hungarian GPBudapest31 July
14Belgian GPSpa-Francorchamps28 August

Click here for the full 2022 F1 calendar

Drivers’  Standings

# DriverPts
Max Verstappen175
Sergio Perez129
Charles Leclerc126
George Russell111
Carlos Sainz102
Lewis Hamilton77
Lando Norris50
Valtteri Bottas41
Esteban Ocon39
Fernando Alonso18

Click here for full Drivers’ Standings

Motorsport Week

© 2021 Motorsport Media Services Ltd

Other Links

  • About & Contact
  • Privacy Policy
  • Motorsport Monday

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Home
  • Formula 1
    • Latest News
    • Standings
    • Calendar
    • Team/Driver Line-Up
    • Session Results
  • Formula E
    • Latest News
    • Standings
    • Calendar
    • Session Results
  • MotoGP
    • Latest News
    • Standings
    • Calendar
  • WRC
    • Latest News
    • Standings
    • Calendar
  • IndyCar
    • Latest News
    • Calendar
    • Standings
  • WEC
    • Latest News
    • Calendar
  • Other
    • Formula 2
    • Formula 3
    • Moto2
    • Moto3
    • WSeries
    • DTM
    • IMSA
    • NASCAR
    • Extreme E
    • Dakar
  • Galleries
  • About/Contact
  • Privacy Policy

© 2021 Motorsport Media Services Ltd

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In