FILE PHOTO: Ferrari Formula One team principal Stefano Domenicali looks on during a news conference at the Wrooom, F1 and MotoGP Press Ski Meeting, Ducati and Ferrari's annual media gathering, in Madonna di Campiglio January 16, 2013. REUTERS/Max Rossi
LONDON (Reuters) - Formula One's revenues took an $877 million hit last year, falling 43% as a result of the COVID-19 pandemic, owners Liberty Media reported on Friday.
Revenues amounted to $1.145 billion compared to a previous $2.022 billion in a year that featured 17 races, mostly without spectators, and had highlight events such as Monaco and Singapore cancelled.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
