News Details

F1 posts $596 million drop in Q2 income

F1 has announced income of just USD $24 million for Q2 Formula 1 has announced its second quarter revenue fell nearly USD $600 million (AUD $839 million) to just USD $24 million. It's a reversal of a USD $14 million profit from the April-June period in 2019 to a $136 million loss in 2020. Formula 1 derives its income from three primary sources; race hosting fees, television rights, and a combination of track-side sponsorship and corporate hospitality. No racing took place in the three months to June this year whereas seven events were held in the corresponding period in 2019. “Since there were no events held during the second quarter of 2020, revenue recognition was limited, with...
Full Story »
1mo ago from SpeedCafe.com 0
Share

You May Also Be Interested In...

Formula 1 quarterly revenue tumbles, hit by COVID-19

Formula 1 saw its second quarter 2020 revenue crash by 96 percent...
1mo ago from F1i.com

Ferrari F1 revenue takes massive hit amid COVID-19...

Ferrari unsurprisingly announced on Monday a decline in its financials...
1mo ago from F1i.com

F1 revenue in second quarter extremely down

Formula 1 is of course a very expensive sport and a total standstill is...
1mo ago from GPBlog.com

F1 Q2 revenue drops from $620m to $24m due to COVID-19

Formula 1’s revenue for the second quarter of the financial year has...
1mo ago from Racer.com

Elsewhere On The Network

Popular On MGPToday.com

Quartararo 'can't replace' Rossi at Yamaha in MotoGP

Fabio Quartararo admits he "can't replace" Valentino Rossi when...
2h ago from AutoSport.com

Honda have to change MotoGP bike 'more than expected'

Honda came into the MotoGP season seeking their seventh riders' title...
2h ago from Crash.net

Aleix Espargaro 'not really enjoying' MotoGP 2020 amid...

Aleix Espargaro admits he is "not really enjoying" riding his...
2h ago from AutoSport.com

Popular On IndyCarToday.com

IndyCar reveals 2021 calendar, two ovals gone

The IndyCar Series has released a 17-race calendar for the 2021 season...
38m ago from AutoSport.com

Preview: Harvest Grand Prix Double-header

Turns: 14Length: 2.439miles (3.925km)Laps: 2 X 85Fastest Lap: Josef...

IndyCar reveals 2021 schedule without COTA, Iowa,...

The 2021 schedule for the NTT IndyCar series has been released, with the...
38m ago from MotorsportWeek.c...

Popular On TotalWRC.com

Breen Confirmed to Enter Ypres with Hyundai

Craig Breen will drive the third Hyundai i20 WRC at the 2020 FIA World...
58m ago from TheCheckeredFlag...

How Does The Rumored 2021 FIA World Rally Championship...

Pontus Lindroos looks at some of the rumored changes to the 2021 FIA World...
58m ago from TheCheckeredFlag...

Delecour to Debut Alpine A110 R-GT at Rallye Monte...

Francois Delecour is set to debut the all-new Alpine A110 R-GT in the FIA...

Loeb ‘welcome back' at Hyundai insists team boss

Hyundai Motorsport team boss Andrea Adamo says Sebastien Loeb is welcome...

Popular On GunnersToday.com

Arsenal's Thomas Partey transfer stance as Lucas...

Arsenal are reportedly no longer pursuing a move for Atletico Madrid star...
58m ago from DailyStar.co.uk

England squad news: Man Utd star axed as Gareth...

Gareth Southgate has named his England squad for the triple-header...
2h ago from Express.co.uk

Transfer Q&A: Sancho to Man Utd latest, Arsenal eye...

The clock is ticking and with the October 5 transfer deadline quickly...
2h ago from Express.co.uk

Reports: Juventus make contact with Arsenal target...

Varun Totadri FOLLOW TOP CONTRIBUTOR Modified 01 Oct 2020, 19:58 IST News...
1h ago from SportsKeeda.com

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.