Formula One Doubles Revenue In Q1 Financial Report
Liberty Media, owners of Formula One (F1), has revealed revenue increased to US$360 million in Q1 2022, compared to the US$180 million a year prior.
Liberty also revealed increases in income were due to growth in race promotion, media rights and sponsorship, with the championship also holding two races in the quarter, compared to the one race last year.
Additionally, growth in subscription numbers for F1 TV and sponsorships added to the increased revenue.
The company also revealed an in...
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