Formula 1 News: F1 revenue smashes $1.34 billion mark in Q2

Formula 1 has shattered financial expectations for the second quarter of 2025, reporting a staggering $1.34 billion in revenue from April to June, a 35% surge compared to the $988 million recorded in the same period last year.

The blockbuster figures, announced by Liberty Media on Thursday, underscore the sport’s soaring global popularity and commercial prowess, fueled by an expanded race calendar, strategic partnerships, and innovative ventures.

Formula One Group saw a revenue bump this quarter -after the film F1 premiered in late June, the company saw a one-time revenue increase, which contributed to the group’s 40 percent rise in revenue year-over-year to hit $1 billion.

“This season has showcased phenomenal racing, with multiple teams and drivers competing at the very highest level,” commented Formula 1 Group chief executive Stefano Domenicali.

“The F1 movie from Apple debuted to well-deserved accolades, marking the largest box office theatrical release for any streaming service and captivating audiences of both core and new F1 fans alike.

“Cultural moments like the F1 movie alongside exciting on-track action are generating strong viewership trends and especially robust social and digital engagement, including a record number of social impressions delivered by content posted on official F1 channels.

“Thanks to the efforts of our teams, partners and the F1 community, we are driving excellent momentum at Formula 1 on and off the track.”

Formula One Group executives quantified the impact of the movie on revenue as “as a mid-teens number for the quarter.” Other factors include continued growth in F1 TV subscriptions and a calendar variance that led to a larger proportion of season-based income recognized during the second quarter.

Along with its financial impact, Formula 1 President Stefano Domenicali also pointed out the cultural impact of the movie and the economy it may help generate around the sport during an earnings call on Thursday, August 7.

“I would say the effect of the movie is not only, of course, about the dollars and economical input, but the sport will have an incredible opportunity to grow its awareness and to generate the circular economy around that,” Domenicali said.

He added that he expects interest, and future revenue opportunities, to arise when the film is released on Apple’s streaming platform, Apple TV+, in the fall.

Interest in the sport is already high, with Domenicali citing the Nielsen figure which quantified the fanbase at 826 million people in 2024. He said the fan base was particularly engaged around the movie’s release on social media and viewership trends of the races have been up recently too.

The lion’s share of F1’s income came from what Liberty categorizes as “primary revenue,” which includes race promotion fees, media rights, and sponsorship agreements.

That ‘primary revenue’ figure is up dramatically from $739 million in Q2 2024, driven in large part by an expanded calendar. The sport staged nine Grands Prix during the second quarter of 2025, one more than in the same timeframe last season.

Other revenue streams – covering areas like hospitality, licensing, and real estate – also climbed, from $132 million to $194 million. Among the standout contributors was a $6 million lease deal from the Grand Prix Plaza in Las Vegas, as well as strong performance from Quint, Liberty’s ticketing and hospitality arm.

F1’s operating income before depreciation and amortization more than doubled year-on-year, rising from $165 million to $369 million.

The sport also shared more of that success with its teams. A total of $513 million in prize money was distributed across the 10 teams during the quarter, up from $435 million in Q2 2024. So far this year, teams have received $625 million in total.