• Loading stock data...
Monday, May 20, 2024

Formula One Gets Another Win Off the Track

  • The sport’s quarterly revenue is up in a big way.
  • Parent company Liberty Media just released new earnings.
John David Mercer-USA TODAY Sports

Just days after Formula One completed the third running of the Miami Grand Prix, all signs point to business being as good as ever for the global racing circuit. Not only did the Miami race draw the sport’s highest U.S. TV audience ever, but on Wednesday, F1 parent company Liberty Media announced strong financial results.

During the first quarter of 2024, F1 generated $553 million in revenue. That’s a 45% increase over the same time period last year. There is one catch, though: Formula One raced three times in Q1 of this year (January through March), as opposed to two races during the first three months of ’23. This season, the F1 schedule will feature a record 24 races. Last year, F1 scheduled 24 races but ran only 23 after the Emilia Romagna Grand Prix was canceled due to excessive flooding. Still, Formula One generated $3.23 billion in total revenue in ’23, the most ever for the sport. 

During Q1, Liberty Media also agreed to acquire an 86% majority stake in MotoGP at a roughly $3.8 billion equity value. The deal for that motorcycle racing series is expected to close by the end of 2024.

Another Base Hit

Wednesday also marked the release of Q1 earnings for Atlanta Braves Holdings, Inc. The parent company of the MLB’s Braves that spun off from Liberty Media last year reported $37 million of revenue for the quarter, marking a 20% increase from the same period in 2023. Atlanta currently sits in second place in the NL East division and is averaging the fourth-highest attendance per game in all of MLB.

Copy Link
Link Copied
Link Copied

What to Read

Apr 17, 2024; Tempe, Arizona, USA; Arizona Coyotes left wing Lawson Crouse (67) celebrates after scoring a goal during the third period against the Edmonton Oilers at Mullett Arena.

New Stadiums, New Hurdles: Coyotes and A’s Face High Stakes

The former Coyotes owner takes further steps to try to advance his proposed arena project.

PGA Championship Drama Nearly Delivers a Major Boost to LIV Golf

Xander Schauffele takes home $3.3 million for his victory.

DSG’s Path to Revival Faces Major Pushback from MLB, NBA, and NHL

Three major pro leagues raise further concerns about the bankrupt Bally Sports parent.

PGA Championship Setting Revenue Records, but LIV Drama Still Looms

The PGA Championship tees off Thursday morning at Valhalla Golf Club.
podcast thumbnail mobile
Front Office Sports Today

Bare Knuckle Fighting Comes Out of the Shadows


Featured Today

Michael Block signs autographs on the 18th hole during day three of practice for the PGA Championship at Valhalla Golf Club on Wednesday, May 15, 2024.

‘I Prefer It This Way’: How Life Works for PGA Club Pros

Here’s how life works for the qualifiers at golf’s second major.
February 5, 2019; Washington, DC, USA; The grounds of the Capitol Building empty out following the conclusion of President Donald Trump's State of the Union speech on February 5, 2019.
May 18, 2024

‘A Breathtaking Lobbying Campaign’: The NCAA’s Sophisticated Effort to Save Amateurism

Inside the carefully coordinated, multimillion-dollar operation to end the athletes’ rights era.
May 14, 2024

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.
May 12, 2024

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers

The WNBA Rookies Are Creating a New Celebrity Row

Major celebs like Kim Kardashian and Latto are showing up for the newbies.
May 15, 2024

Caitlin Clark Debuts With WNBA’s Most-Watched Game in Decades

The game averaged 2.12 million viewers, the WNBA’s highest since 2001.
May 16, 2024

Preakness in Spotlight: Chance of a Triple Crown Winner Bolsters Status

The presence of Kentucky Derby winner Mystik Dan gives a big boost to the Triple Crown’s middle leg.

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
May 15, 2024

NFL Signs Three-Year Christmas Day Deal With Netflix

The streamer will show two holiday games in 2024 and one apiece in ’25 and ’26.
Kendall Coyne Schofield
May 14, 2024

PWHL Playoffs Experience Surge in Attendance. Is Expansion Coming?

The first five games of the postseason drew nearly 40,000.
May 14, 2024

Architect of LIV Golf Deal Departs the PGA Tour. What Happens Next?

PGA Tour policy board member Jimmy Dunne has resigned.
May 14, 2024

Caitlin Clark’s WNBA Debut Marks the Start of a New Era for Women’s Basketball

A Clark-fueled business boom comes at the perfect time for the WNBA.