F1 continued its financial performance gains with a 49% increase in revenues in the second quarter of 2022 compared to the previous year Full story ⬇️
Both seasons saw seven grands prix held during the April-June period, allowing for a useful comparison as the effects of the COVID-19 pandemic fell away. The number of races is significant as F1 divides up its revenue across the year depending on how many events are held in each quarter.
Its return helped overall revenues to jump from $501m in Q2 of 2021 to $744m over the same period this year. Explaining the results Liberty Media stressed that all three areas of primary revenue have been boosted in 2022: “Race promotion revenue increased due to higher fees generated from the different mix of events held and contractual increases in fees.
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