The FIA Formula One World Championship (F1 or Formula 1), a privately owned motorsport organization founded in 1950, is headquartered in the UK and a subsidiary of Liberty Media. Employing approximately 2630 people, F1 sanctions the highest class of international open-wheel single-seater formula racing car competitions. In 2023, the company reported revenues exceeding $1 billion. While primarily focused on motorsports, its activities also extend to cycling.

2023 Revenue

Founded

1950

Headcount

2,628

Headquarters

UK

Primary Segment

Motorsports and cycling

Ownership

Privately Owned

News Summary:

The FIA scheduled a meeting with Formula 1 engine manufacturers on an unspecified date in Bahrain to discuss the potential return of V10 power units. Formula 1 announced that the Monaco Grand Prix will become a night race starting in 2026. Formula 1 issued a statement responding to Ferrari team principal Fred Vasseur's criticism of the official broadcast's portrayal of a team radio conversation between Lewis Hamilton and Charles Leclerc. The statement followed a Chinese Grand Prix where Lewis Hamilton won the sprint and Charles Leclerc performed well despite front-wing damage. Williams Racing incurred a $54,000 (€50,000) fine for failing to provide the FIA with an SD card for bodywork flexibility monitoring.

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FIA Formula One World Championship offers 5 products in the media and telecoms services and sports industries. FIA Formula One World Championship's product portfolio comprises of streaming services, motorsports and cycling and sports tickets, merchandise and sponsorship.
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FIA Formula One World Championship's revenues were over $1B in 2023. Caretta Research has split FIA Formula One World Championship's revenue into 3 different product categories, the largest of which is motorsports. For full access to FIA Formula One World Championship's revenue breakdown subscribe to Caretta Portal.
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FIA Formula One World Championship has partners like Lenovo. Examples of FIA Formula One World Championship's suppliers include Amazon Web Services (AWS), Google and Accenture.

Example Suppliers

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Example Partners

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FIA Formula One World Championship sells broadcasting rights of its 2 motorsports competitions to 62 companies globally, covering 11 countries. FIA Formula One World Championship's rights holders include Sky Group, Shanghai Media Group (SMG) and Orange Group. FIA Formula One World Championship currently holds broadcasting rights for sports competitions including motorsports.

Example Sports Rights Customers

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Example Sports Rights Suppliers

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