#F1 2012 race calendar drivers#The contraction in F1 revenue has also impacted drivers and teams. #F1 2012 race calendar pro#Sports Pro Media disclosed that Formula 1’s UK viewership for live races and highlights touched 13.63 million during the first three races of the 2020 calendar.Īlso Read: Lewis Hamilton Puts Off Signing New Mercedes Deal Due To 'other People Losing Jobs' Several other broadcasters reported an improvement in viewership as well. According to Sports Media Watch, the British Grand Prix averaged a 0.47 rating and 736,000 viewers on ESPN, making it the largest audience for the race since it last aired on broadcast television in 2012. #F1 2012 race calendar tv#With fans not allowed to attend Formula 1 races, the latest F1 TV ratings and figures have shown a slight increase in viewership. The primary revenue figures reduced to $12m in Q2 2020, versus $531m in Q2 2019, while 'other' F1 revenue fell to $12m in 2020 from $89m in 2019.Īlso Read: Lewis Hamilton 'ready' To Commit To Mercedes For 3 Years On Mammoth £180 Million Deal F1 TV ratings on the rise In the absence of races and subsequently fans, these figures reported a drop as well. While primary F1 revenue includes money from race promotion fees, broadcast fees, advertising and sponsorship fees, secondary Formula 1 revenue comprises of hospitality and other event-based and television production activities. Overall, the coronavirus pandemic caused F1 revenue to drop by just under $600 million.Īlso Read: Mercedes F1 Team 'badly Treated' Vis-a-vis Ferrari, Unlikely To Sign New Deal: Toto Wolff F1 revenue breakup for Q2 2020į1 revenue is divided into ‘primary revenues’ and ‘other revenues’. The fall in F1 revenue resulted in a massive overall loss with Formula 1 posting a $136 million loss in 2020, as compared to a $14m profit in Q2 2019. Last year, the same three-month period saw as many as seven races.Ī post shared by FORMULA 1® on at 1:34pm PDTį1 revenue plummeted to $24m in Q2 2020, down from $620 million in the same quarter of 2019. Due to the COVID-19 pandemic, the Formula 1 season was suspended with no races taking place during April, May and June. The F1 financial report for Q2 was released this week, with the financials indicating that revenue from the sport had reduced by 96% year-on-year. The F1 financial report was released by Liberty Media, the US group controlled by billionaire John Malone which acquired Formula 1 in 2016. A latest F1 financial report released by Liberty Media paints a similar picture, indicating how the coronavirus pandemic has impacted Formula 1's finances.Īlso Read: Sebastian Vettel To Replace Sergio Perez At Aston Martin, Could Sign A Three Year Contract Formula 1 revenue crashes by 96% according to Liberty Media report One such sport has been Formula 1 with F1 revenue suffering massively due to the altered race calendar. With fans not allowed at venues, teams and event organizers have had to suffer heavy losses with no ticket revenue coming in. Sports around the world have been hit hard by the coronavirus pandemic.
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