Overview
- Formula One Group, which reported first‑quarter results Thursday, posted $711 million in revenue, up 59% year over year, and returned to a $64 million operating profit as shares rose about 5%.
- Formula 1 revenue increased 53% to $617 million with $107 million in operating income, helped by one extra race in the quarter and higher recognition of media and sponsorship tied to the full season.
- MotoGP revenue grew 25% to $94 million but recorded a $24 million operating loss as higher freight and fuel costs followed the early‑season travel schedule.
- The cancellations of the Bahrain and Saudi Arabian Grands Prix in April cut near‑term fees from a high‑paying region as F1 discusses rescheduling at least one race on a provisional 22‑event calendar.
- New and renewed deals broadened the commercial base, with Sky broadcast renewals, partnerships such as Salesforce, Marsh and Apple in the U.S., and expanding hospitality offerings boosting non‑race income.