F1 revenue jumped from $668m to $715m for July to September year-on-year, as the championship’s financial performance continued to improve after the COVID-19 drop 💵 Full story ⬇️
However, the change was not as dramatic as in previous quarters because income in the latter part of 2021 was not impacted as dramatically by the pandemic, as last year race attendances began to return to normal levels and the lucrative Paddock Club got back up to speed.
The July-September periods of 2021 and 2022 provide for a fairly accurate comparison as both featured seven races. Because of that change race promotion income was actually slightly down, but that was offset by increases in broadcast and sponsorship revenue. “Primary F1 revenue increased in the third quarter with growth across media rights and sponsorship, partially offset by a decline in race promotion revenue.“Race promotion revenue decreased due to lower fees generated from the different mix of events held, with one additional race held outside of Europe in the prior year period.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mortara and Guenther form Maserati's Formula E line-up for 2022-23Edoardo Mortara will remain with the rebranded Maserati MSG team in Formula E's 2022-23 season, to be partnered by ex-Nissan racer Maximilian Guenther at the squad.
Read more »
I'm A Celebrity 2022 campmate scandals from kissing gate to Ofcom complaintsI’m A Celebrity... Get Me Out Of Here! is back this Sunday with a brand new series and a brand new bunch of campmates, though not all have a squeaky clean image...
Read more »
Vanguard’s low-risk UK strategies upended in 2022 market rout\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
Nifemi Marcus-Bello wins Hublot Design Prize 2022Hublot Design Prize 2022: the awards’ seventh edition celebrates innovation in design
Read more »
COP27: What have global leaders done on climate change in 2022?With COP27 about to get under way, which nations have taken a lead and which have fallen behind since the last UN climate summit?
Read more »