Overview
- Liberty Media’s Q2 results published in early August show Formula 1 revenue fell 38% to $764 million and first‑half revenue dropped 15% to $1.381 billion because fewer races were staged.
- Operating income and adjusted OIBDA sharply declined, with Q2 operating income down from $293 million to $73 million and adjusted OIBDA down from $361 million to $139 million.
- Formula 1 teams received $500 million in distributions in the first half of 2026, a $127 million shortfall versus $627 million a year earlier that reflects the loss of high‑fee Middle East events.
- Organisers have moved the Bahrain Grand Prix to Sepang in Malaysia for October, cancelled the Saudi round, and are deciding on Qatar and Abu Dhabi with a mid‑September decision window.
- To offset the shortfall, F1 plans more sprint races, expanded premium hospitality (such as new luxury experiences) and increased licensing, aiming to restore enough races in H2 to rebalance the annual accounts.