• Loading stock data...
Wednesday, July 2, 2025

Ferrari Triples Q2 Earnings

Ferrari/Design: Alex Brooks

Just one day after Ferrari driver Charles Leclerc was hit on the opening lap of Formula 1’s Hungarian Grand Prix, the Italian automaker reported $459 million in Q2 adjusted earnings, up 210% year-over-year.

Leclerc wasn’t able to finish the race, but teammate Carlos Sainz took third — a highlight for Ferrari as it mounts a comeback from last year’s losses. Shipments during the quarter almost doubled to 2,685 vehicles.

Innovation on and off the racetrack is a top priority for Ferrari.

  • It announced in April that its first all-electric vehicle will debut in 2025.
  • Industry outsider Benedetto Vigna will become the company’s CEO in September.
  • Amazon Web Services became Ferrari’s cloud provider for Formula 1 in June.

Ferrari’s plans to go electric are welcomed by the European Union, which has proposed a ban on the sale of new petrol and diesel cars starting in 2035. 

The iconic car brand is the latest to integrate the Le Mans Daytona hybrid classification, which demands a clean-energy output. By 2023, Ferrari will be on racetracks with LMDh-classified vehicles from Acura, Toyota, Peugeot, Porsche, and Audi.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Mark Walter

Mark Walter Just Bought the Lakers at a $10B Valuation. Who Is..

Walter’s Lakers buy is easily the biggest franchise sale ever.

Verstappen Nears F1 Suspension After ‘Mario Kart’–Style Mayhem

The Red Bull driver received penalty points in Sunday’s race.

Final Indy 500-Monaco Weekend Coined 2 First-Time Winners

Kyle Larson failed to complete The Double for the second consecutive year.

Featured Today

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble
June 28, 2025

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.
June 27, 2025

Shitposters Have Taken the Reins of Pro Sports’ Official Voices

Meet the social media pros turning sports teams into internet trolls.
Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
June 26, 2025

Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness

No pro trophy tour compares to the NHL’s three-month global victory lap.
James Harden

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.