FIA Formula One World Championship, also known as F1, Formula 1, is a privately owned company headquartered in the UK. It operates under its parent company, Liberty Media, and is a tier 1 media tech buyer. Founded in 1950, the organization employs approximately 2630 individuals and reported $2.2B in revenue as of 2024. The company specializes in motorsports and cycling, specifically sanctioning the highest class of international racing for open-wheel single-seater formula racing cars, as designated by the Fédération Internationale de l'Automobile.

2024 Revenue

Founded

1950

Headcount

6,286

Headquarters

United Kingdom

Primary Segment

Motorsports and cycling

Ownership

Privately Owned

Deployments

1

News Summary:

On September 11, 2026, Carlos Sainz stated that Formula 1 drivers expect red flags at the new Madrid circuit for the Spanish Grand Prix due to its intense challenges, drawing comparisons to the Jeddah Corniche Circuit. Previously, on September 10, the Italian Grand Prix at Monza highlighted a significant weakness in the 2026 Formula 1 power units concerning energy management on circuits with long straights, posing potential problems for Ferrari in upcoming races like Baku, Las Vegas, and Sepang. Also on September 10, Formula 1 extended its broadcast partnership with DAZN, ensuring live and on-demand coverage of every session in Spain, Andorra, and Portugal through 2030. The series returned to Madrid for the first time in 45 years with a 3.365-mile (5.416km) hybrid street and permanent circuit through the capital's exhibition district, marking the first new venue since Las Vegas in 2023. Earlier on September 10, Formula 1 debuted the newly constructed Madrid street circuit for the Spanish Grand Prix, which features 23 corners across city roads, countryside, and highway tunnels. Prior F3 testing on the circuit resulted in 19 red flags and five destroyed chassis.

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FIA Formula One World Championship offers 7 products in the media and telecoms services and sports industries. FIA Formula One World Championship's product portfolio comprises of motorsports and cycling, media and TV services and sports tickets, merchandise and sponsorship.
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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 4 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 Samsung Device eXperience, Accenture and Google.

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FIA Formula One World Championship sells broadcasting rights of its 2 motorsports competitions to 65 companies globally, covering 15 countries. FIA Formula One World Championship's rights holders include Apple. FIA Formula One World Championship currently holds 2 broadcasting rights for sports competitions including motorsports.

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