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.

2024 Revenue

Founded

1950

Headcount

2,628

Headquarters

UK

Primary Segment

Motorsports and cycling

Ownership

Privately Owned

Deployments

1

News Summary:

Formula 1 confirmed a four-year extension for the Azerbaijan Grand Prix, keeping it on the calendar until 2030. The Baku Operating Company announced this extension on September 20, 2025. The current contract was set to expire after the 2026 race. Separately, Formula 1 renewed its partnership with Coupang Play, extending the streaming platform's exclusive broadcasting rights in South Korea. This ensures continued live 4K broadcasts of all Grand Prix sessions for South Korean fans. McLaren's decision to allow Lando Norris to overtake Oscar Piastri at the Italian Grand Prix prompted criticism, but Norris stated that this was not a concern for the team and that they would maintain their racing principles.

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FIA Formula One World Championship offers 6 products in the media and telecoms services and sports industries. FIA Formula One World Championship's product portfolio comprises of sports tickets, merchandise and sponsorship, media and TV services and motorsports and cycling.
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FIA Formula One World Championship's revenues were over $1B in 2024. 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 Accenture, Amazon Web Services (AWS) and Google.

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FIA Formula One World Championship sells broadcasting rights of its 2 motorsports competitions to 65 companies globally, covering 14 countries. FIA Formula One World Championship's rights holders include Orange Group, Apple and Sky Group. FIA Formula One World Championship currently holds 2 broadcasting rights for sports competitions including motorsports.

Example Sports Rights Customers

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Example Sports Rights Suppliers

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