Overview
- Liberty Media reported that Formula 1 revenue rose to $617 million in the first quarter, up 53% year over year, with operating income swinging to a $107 million profit from a $28 million loss.
- Liberty said the increase came from one more F1 race inside the quarter, proportionate recognition of season-based revenue, and contractual fee increases.
- This year’s quarter captured three F1 races versus two last year, and reporting now reflects a 22‑race season after cancellations in Bahrain and Saudi Arabia that a Crash analysis says are unlikely to be reinstated.
- MotoGP revenue grew 25% to $94 million, though the series posted a $24 million operating loss as operating costs rose on higher freight and fuel and as lower contractual media rights fees offset gains.
- Management pointed to commercial momentum, citing a new U.S. partnership with Apple, a renewed multi‑year deal with Sky, new sponsors Standard Chartered and Marsh, and expanded premium hospitality including MotoGP’s deal with Quint.