all the business lights are green

The Formula One Group has announced spectacular financial results with rising revenues confirming the current boom.

Listed on the stock exchange, Formula 1 is required to make its results public at the end of each quarter.

The news is good since the Grands Prix have never been so popular as evidenced by the full grandstands on the circuits (photo above).

Revenues reported in the second quarter ended at $744 million, nearly 50% better than for the same period in 2021, still impacted by the effects of the pandemic, it is true.

“We continue to post record numbers, said Formula 1 CEO Stefano Domenicali. The show is there and the fans are always growing on all our broadcasting platforms. »

“Revenues are up in all areas, he specifies. Set prices paid by promoters expand as do television rights and sponsorship revenue. »

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Of the resulting profits, 368 million dollars were paid to the teams according to the distribution key distributed in the last Concorde Agreements, more equitably between the best teams and the independent teams.

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