In the second quarter of 2025, Formula 1 reported revenues exceeding $1 billion. Liberty Media, in a press release on Thursday, announced that Formula One Group generated $1.34 billion from April to June, marking a 35% increase from $988 million in the same period last year.
Out of this total, $1.03 billion was attributed to “primary F1 revenue,” which encompasses race promotion fees, media rights, and sponsorships. This figure surged significantly from $739 million in Q2 2024, partly due to an expanded race calendar, with nine races held in this quarter compared to eight last year.
Liberty Media also disclosed unique commercial gains linked to the release of Apple’s F1 films, which debuted in major cities like New York and London before their global launch at the end of June.
Additional revenue streams increased from $132 million to $194 million, boosted by factors such as $6 million earned from leasing the Grand Prix Plaza in Las Vegas and strong contributions from Liberty’s ticketing and hospitality arm, Quint.
F1’s operating income before depreciation and amortization—a crucial profit metric—more than doubled from $165 million last year to $369 million this quarter.
The series distributed $513 million in prize money to ten teams during this period, up from $435 million the prior year, bringing total payments to teams so far in 2025 to $625 million.
Rising operational costs were noted, driven by higher freight expenses, expanded committees, increased partner service fees, more paddock club events, additional sponsor services, and costs associated with delivering F1 television to a growing subscriber base.
Liberty Media also confirmed it finalized its acquisition of MotoGP on July 3 after a prolonged regulatory approval process. Although MotoGP now falls under Liberty’s Formula 1 group, its revenues will only appear in the company’s financials starting in the third quarter.
Fan Take: This financial milestone signals robust growth and increased global interest in Formula 1, hinting at an even more dynamic future for the sport. For racing fans, the expanding calendar and heightened investment in media and events mean more thrilling races and enhanced viewing experiences ahead.
