Method 1 has claimed its fourth consecutive quarter of profits as the series’ revenues proceed to get better next the pandemic.
In the 12 months It has held 7 races in the 2nd quarter of 2022, the identical as in the same interval 12 months earlier, whilst attendance limitations have been eased at lots of venues. That usually means a big selection of spectators and valuable Paddock Club visitors can be accommodated. F1 noted record figures for each in the very first fifty percent of 2022.
In early 2020, venues such as Melbourne and Cirque Gilles Villeneuve in Canada are back again on the calendar for the to start with time considering the fact that the Covid-19 pandemic. F1 also held its very long-awaited first Miami Grand Prix.
These served generate earnings to $744 million (£617m) during the interval, in 2018. In contrast to the similar a few months in 2021, it showed an enhance of 48.5%. F1 documented a profit of $49m (£40.6m) for the quarter, which observed a decline of $43m. m past yr.
F1 also documented an improve in earnings from the sale of media rights to broadcasters and its F1 Tv set stay streaming support.
The fees of the series have also increased. Soaring freight fees have experienced an inescapable effect on F1 revenue.
F1’s 10 groups ended up paid out a overall of $368m (£304.9m) in the 2nd quarter, up from $308m last 12 months.
Ad | Turn into a RaceFans fan and
2022 F1 time
Look through all 2022 F1 current content articles
