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Formula E record field for Season-6 in wake of record revenues

The all-electric Formula E series reported record audience figures and revenues on Thursday as well as making a profit for the first time thanks to sponsorship growth. The city-based series, which starts its sixth championship in Saudi Arabia in November, said revenues increased 50% to more than 200 million euros ($220.54 million) last season, according to preliminary figures. EBITDA — Earnings before interest, tax, depreciation and amortisation — was positive for the first time. While no full breakdown was provided, a spokesman put the profit at around 1 million euros and said sponsorship was up 25%. Formula E said the cumulative television audience had grown 24% year-on-year...
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2mo ago from GrandPrix247.com 0
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