Mind-boggling numbers behind Formula 1’s $892 million revenue

Lando Norris claims maiden Grand Prix | 02:56The financial health of Formula 1 is going from strength to strength, with Formula 1 Group recording revenues of US$553 million in the first quarter of 2024.

The figures translated into an operating income of $206.7 million, a 289 per cent increase on the previous year, while team payments climbed from $170 million to $247 million during the same period. “We have already announced our 24-race calendar for 2025, a landmark year that will mark the 75th anniversary of the FIA Formula One World Championship.

Every practice, qualifying session and race from the 2024 FIA Formula One World Championship™ LIVE in 4K. New to Kayo?Formula 1 Group’s increased revenues is partly due to three races in the opening quarter of 2024 — with races in Bahrain, Saudi Arabian and Australian during March — up from two in 2023.

United States Of America Team Payments North America Financial Health Melbourne Oceania Mind-Boggling Numbers Western Asia America Inclusion Efforts Claims Maiden Getty Images Inc. Charles Leclerc Carlos Sainz Lando Norris Australia And New Zealand Victoria Robert Cianflone Investor Call Bahrain Operating Income Northern America Race Promotion Fees Asia Group Recording Revenues Liberty Media Corporation Race Winner Australia

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Husband of McLaren Vale crash victim Bernice Sternberg 'will never forgive' killer driverHeartbroken family members of 'selfless and gifted' McLaren Vale schoolteacher Bernice Sternberg, who was killed by driver John Tsalapatis in 2021, tell an Adelaide court of their profound grief.
Source: abcnews - 🏆 5. / 83 Read more »

McLaren F1 star injured days before raceMcLaren Formula One star Lando Norris is set to race at this weekend’s Miami Grand Prix despite suffering a busted nose in an Amsterdam partying accident.
Source: newscomauHQ - 🏆 9. / 77 Read more »

How to ruin a McLaren Senna in one easy step7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsSydney - 🏆 16. / 63 Read more »

Adrian Newey exit could spark Red Bull exodus, predicts McLaren chiefThe McLaren team principal, Zak Brown, has said Adrian Newey’s departure from Red Bull has ­instigated a spate of applications from their staff to join McLaren
Source: GuardianAus - 🏆 1. / 98 Read more »

McLaren upgrades fire despite quali flop; Ricciardo sets sprint sights forward: F1 talking pointsFormula 1: Australian Daniel Ricciardo shares his thoughts on his P4 finish at the Sprint Qualifying.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »

F1 Miami Grand Prix: McLaren driver Oscar Piastri starts sixth, Max Verstappen on poleOscar Piastri will start the race alongside his McLaren teammate Lando Norris who qualified fifth, while fellow Aussie Daniel Ricciardo will start from the back of the grid.
Source: abcnews - 🏆 5. / 83 Read more »