News Details

Formula E turns profitable in Season 5!

After piling on the losses since its inception in 2014, the all-electric Formula E series has finally recorded its first profit, thanks to record revenue and sponsorship growth. Formula E's fifth campaign produced a 50% increase in revenue, raking in $220.54 million while EBITDA (earnings before interest, tax, depreciation and amortization) was positive for the first time, with a little over $1 million going to the series' bottom line. That contrasts with the massive 26.4 million loss registered in season 4, with the fiscal year ending on July 31, 2018. Vandoorne and de Vries lead Mercedes' electric charge According to an FE spokesman, sponsorship was up 25% in season 5 while the series'...
Full Story »
8mo ago from F1i.com 0
Share

You May Also Be Interested In...

Race Report: Ferrari's Leclerc holds off Mercedes for...

For 69 of the last 70 years, the Italian Grand Prix has been hosted at...
8mo ago from TheParcFerme.com

FIA confirms full 2019/20 Formula E line-up

The FIA has given details of the 12 teams that will be competing in the...
8mo ago from F1i.com

Gasly: Peroni crash 'clearly a good reason' to have...

Toro Rosso's Pierre Gasly says the horrific accident suffered by F3 racer...
8mo ago from F1i.com

Hamilton says new generation 'gets away with a lot...

Lewis Hamilton says that the new rising stars of Formula 1 such as...
8mo ago from F1i.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP News: Ducati closing in on 2021 rider shake-up

Ducati is close to securing Jack Miller to form part of its works MotoGP...
13h ago from AutoSport.com

'Marc Marquez would win on any other motorcycle' -...

Grand Prix legend Giacomo Agostini says Marc Marquez shouldn’t need to...
17h ago from Crash.net

Popular On IndyCarToday.com

Texas IndyCar opener shifts to NBC

NBC Sports announced Sunday that the 2020 NTT IndyCar Series...
8h ago from Racer.com

Remembering one of the Indianapolis 500's greatest...

On the eve of Memorial Day Weekend, when we would traditionally be...
11h ago from AutoSport.com

IndyCar News: Ericsson has full faith in safety of...

Chip Ganassi Racing driver Marcus Ericsson says he has complete faith in...
11h ago from AutoSport.com

Popular On TotalWRC.com

Rally Finland gets a new Power Stage for its 70th...

Laajavuori will return to Rally Finland this year, the iconic stage will...
15h ago from TheCheckeredFlag...

Popular On GunnersToday.com

Premier League chief discusses expected start date for...

Premier League chief executive Richard Masters says the 2020/21 season...
3h ago from DailyStar.co.uk

Russell dominates Virtual Monaco GP, Aubameyang pays...

George Russell dominated the Virtual Monaco Grand Prix to seal...
6h ago from SportsKeeda.com

‘It was a form of satisfaction' – Arsene...

Former Arsenal manager, Arsene Wenger, will have surely gone up in...
8h ago from CaughtOffside.com

Arsenal defender David Luiz hopeful of Benfica return

Arsenal defender David Luiz has reiterated that he would like to spend a...
7h ago from SportsMole.co.uk

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.