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- π Formula 1βs Record Revenue
π Formula 1βs Record Revenue
F1 revenue on the rise after spectacular start to 2024
Good morning! Itβs throwback weekend and weβre headed to Darlington! Do you know how Darlington got itβs unique egg shape?
Darlington's unique oval shape emerged from an adjacent land owner's decision to preserve a nearby minnow pond rather than relocate it during track expansion.
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New Episode! Season 2 Episode 20 - The wreck that hurt us the most! | 1 Year Special Q&A
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Motorsports Moneyline
Darlington Driver Odds (provided by BetMGM)
+400 Kyle Larson
+475 Denny Hamlin
+650 Martin Truex Jr.
+725 William Byron
+825 Tyler Reddick
Trivia
Who has the most wins (10) at Darlington Raceway? |
Formula 1βs Record Revenue
π Formula 1's Fiscal Results: Liberty Media reported a staggering 45% surge in Formula 1 revenues, crossing the $500 million mark in Q1. This uptick to $553 million, up from last year's $381 million, is fueled by an expanded race calendar including an additional race in Australia this quarter.
ποΈ Racing Ahead: The revenue growth spans across race promotion, media rights, and sponsorship, boosted by the new race addition. Notably, F1's primary revenue streams saw a 47% increase.
πΈ Impact on Teams: With revenues racing upwards, team payouts also accelerated, jumping from $112 million to $163 million. However, costs saw a 31% uptick, influenced by expenses like the Las Vegas Grand Prix Plaza lease.
π Global Outlook: F1 CEO Stefano Domenicali highlighted, "The 2024 season is underway, including our return to China for the first time since 2019 and our third year in Miami which saw another incredible event demonstrating the growing strength of F1 in the U.S." He also pointed to F1's expanding fan engagement strategies and a future-looking calendar.
π Record Views: The Miami Grand Prix set a new record, drawing an average U.S. TV audience of 3.1 million, making it the most-watched race in U.S. history.
π± Sustainable Speed: Domenicali also emphasized F1's sustainability efforts, "We are on track to reach our net zero target by 2030," showcasing their commitment to environmental and social initiatives.
The Greatest Day in Motorsports Giveaway
The Greatest Day in Motorsports is just around the corner! To commemorate the special day, weβve teamed up with Pristine Auction to give away some awesome items. Parker and Landon hand-picked and bid on these items to give away to YOU! Entries are now open!
Memes
Ford getting ready to be on the losing end of another iconic finish
β NASCAR Memes (@NASCAR_Memes_)
10:14 PM β’ May 6, 2024
Ferrari upgrades for Imola
β Mahir πΉπ·π¬π§ (@ScrewderiaF1)
1:19 PM β’ May 9, 2024
Your dad watching you mow the lawn not diagonally
β nascarcasm (@nascarcasm)
3:28 AM β’ May 6, 2024
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