F1 revenue jumped from $668m to $715m for July to September year-on-year, as the championship’s financial performance continued to improve after the COVID-19 drop 💵 Full story ⬇️
However, the change was not as dramatic as in previous quarters because income in the latter part of 2021 was not impacted as dramatically by the pandemic, as last year race attendances began to return to normal levels and the lucrative Paddock Club got back up to speed.
The July-September periods of 2021 and 2022 provide for a fairly accurate comparison as both featured seven races. Because of that change race promotion income was actually slightly down, but that was offset by increases in broadcast and sponsorship revenue. “Primary F1 revenue increased in the third quarter with growth across media rights and sponsorship, partially offset by a decline in race promotion revenue.“Race promotion revenue decreased due to lower fees generated from the different mix of events held, with one additional race held outside of Europe in the prior year period.
France Dernières Nouvelles, France Actualités
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