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Formula 1’s Q3 revenues rise to $715m

General view of Charles Leclerc of Monaco driving for Ferrari F1 (Photo by Stefano Guidi/ Getty Images)

Formula 1 has reported revenues of $715m (€721m) for the third quarter of 2022, a seven-per-cent increase on the same period in 2021 but a slight decrease compared with the $744m posted in the second quarter of this year.

Primary F1 revenue increased year-on-year from $612m to $624m with growth across media rights and sponsorship, which owner Liberty Media said was partially offset by a decline in race promotion revenue.

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