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FWONA| Name | Value |
|---|---|
| Revenues | 724.0M |
| Cost of Revenue | 519.0M |
| Gross Profit | 205.0M |
| Operating Expense | 153.0M |
| Operating I/L | 52.0M |
| Other Income/Expense | 73.0M |
| Interest Income | 54.0M |
| Pretax | 125.0M |
| Income Tax Expense | 10.0M |
| Net Income/Loss | 116.0M |
Formula One Group is a leading player in the motorsports industry, holding commercial rights for the prestigious world championship. Through this nine-month long competition, teams vie for the constructors' championship, while drivers compete for the drivers' championship. The company generates revenue through various channels such as broadcasting rights, sponsorships, ticket sales, and merchandise. With a rich history dating back to 1950, Formula One Group continues to captivate audiences globally with its high-speed, adrenaline-pumping races, making it a lucrative business in the motorsports sector.
