F1 shrugs off 2026 critics with record $617m Q1 revenue surge

Formula 1's financial performance has defied early-season controversy surrounding the 2026 regulations, with Liberty Media reporting a record $617 million in Q1 revenue—a 53% year-on-year increase. The impressive figures underscore the sport's robust business model, largely insulated from on-track turbulence.

Why it matters:

Despite widespread criticism from drivers and fans over the racing style produced by the 2026 rules—particularly the artificial overtaking from energy deployment—F1's revenue growth highlights the strength of its long-term commercial agreements. The sport's financial foundation remains resilient, even as regulatory changes are being revised mid-season.

The details:

• Total revenue: $617 million for Q1 2026, up from ~$403 million in Q1 2025.
• Media rights: Estimated at over $190 million, driven by new long-term deals including Sky's UK/Ireland and Italy extensions through 2034/2032 respectively. The UK deal reportedly worth $1.36 billion over five years from 2029.
• Sponsorship: Calculated at around $130 million, boosted by Standard Chartered's $70 million annual deal and renewed partnerships.
• Race promotion fees: Approximately $165 million from early-season events in Australia, Japan, and China (combined ~$116 million).
• Prize money: Teams received $184 million, a $70 million increase year-on-year.
• Key partnerships: Apple partnership in the U.S., new agreements with Marsh, and continued growth in corporate hospitality.

What's next:

The absence of Bahrain and Saudi Arabian Grands Prix from Q1 means their cancellation impact will hit Q2 results. However, with revenue streams secured through multi-year contracts and strong momentum, FOM is well-positioned to maintain growth. CEO Stefano Domenicali remains focused on evolving the racing product while capitalizing on record commercial interest.