Motorsport Week
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Team/Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2022 Championship Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • More
    • IMSA
      • 2023 IMSA GTP Team/Driver Line-up
      • 2023 IMSA Calendar
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • Technical Insight
    • Galleries
    • About/Contact
    • Privacy Policy
LIVE
No Result
View All Result
  • Formula 1
    • 2023 Formula 1 Calendar
    • 2023 Formula 1 Standings
    • 2023 Formula 1 Team/Driver Line-Up
    • 2023 Formula 1 Driver Penalty Points
  • Formula E
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • 2022/23 Formula E Team/Driver Line-up
  • IndyCar
    • 2023 IndyCar Calendar
    • 2023 IndyCar Driver Line-Up
    • 2023 IndyCar Standings
  • WRC
    • 2023 WRC Calendar
    • 2023 WRC Standings
    • 2023 WRC Driver Line-up
  • MotoGP
    • 2023 MotoGP Calendar
    • 2023 MotoGP Team/Rider Line-Up
    • 2022 Championship Standings
  • WEC
    • 2023 WEC Calendar
    • 2023 WEC Hypercar Team/Driver Line-up
  • More
    • IMSA
      • 2023 IMSA GTP Team/Driver Line-up
      • 2023 IMSA Calendar
    • Formula 2
      • 2023 Formula 2 Race Calendar
      • 2023 Formula 2 Driver Line-up
    • Formula 3
      • 2023 Formula 3 Race Calendar
      • 2023 Formula 3 Driver Line-up
    • DTM
    • WSeries
    • 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
11 months ago
A A
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.

RelatedPosts

FIA launches tender for F1 tyre supplier from 2025

FIA launches tender for F1 tyre supplier from 2025

10 hours ago
Marko: Verstappen’s fastest lap push uncontrollable

Marko: Verstappen’s fastest lap push uncontrollable

13 hours ago

‘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
Share781Tweet488Share195

Related Posts

FIA launches tender for F1 tyre supplier from 2025
Formula 1

FIA launches tender for F1 tyre supplier from 2025

10 hours ago
Marko: Verstappen’s fastest lap push uncontrollable
Formula 1

Marko: Verstappen’s fastest lap push uncontrollable

13 hours ago
Sainz: Ferrari ‘surprised’ by poor Jeddah race pace
Formula 1

Sainz: Ferrari ‘surprised’ by poor Jeddah race pace

15 hours ago
Load More

Leave a Reply Cancel reply

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

Popular Articles

Norris reveals first Mercedes engine is ‘finished already’
Formula 1

Norris reveals first Mercedes engine is ‘finished already’

March 18, 2023
Russell: 2022 Brazil win led Mercedes down the wrong path
Formula 1

Russell: 2022 Brazil win led Mercedes down the wrong path

March 18, 2023

Upcoming Races

#EventLocationDate
2Saudi Arabian GPJeddah19 March
3Australian GPMelbourne02 April
4Azerbaijan GPBaku30 April
5Miami GPMiami07 May
6Emilia Romagna GPImola21 May

Click here for the full 2023 F1 calendar

Drivers’  Standings

#DriverPts
Max Verstappen44
Sergio Perez43
Fernando Alonso30
George Russell18
Carlos Sainz20
Lewis Hamilton20
Lance Stroll8
Charles Leclerc6
Valtteri Bottas4
Esteban Ocon4

Click here for full Drivers’ Standings

Follow Motorsport Week

Motorsport Week

© 2023 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
    • 2023 F1 Calendar
    • Team/Driver Line-Up
    • Session Results
    • Driver Penalty Points
  • Formula E
    • Latest News
    • 2022/23 Formula E Standings
    • 2022/23 Formula E Calendar
    • Session Results
  • MotoGP
    • Latest News
    • Standings
    • Calendar
  • WRC
    • Latest News
    • Standings
    • Calendar
  • IndyCar
    • Latest News
    • Calendar
    • Standings
  • WEC
    • Latest News
    • Calendar
  • Live Updates
  • Other
    • Formula 2
    • Formula 3
    • Moto2
    • Moto3
    • WSeries
    • DTM
    • IMSA
  • Galleries
  • About/Contact
  • Privacy Policy

© 2023 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
X