FIA Formula One World Championship, also known as F1 and Formula 1, is a privately owned entity based in the UK and a subsidiary of Liberty Media. Established in 1950, the organization has approximately 2,630 employees and reported $2.2 billion in revenue as of 2024. Operating as a tier 1 media tech buyer, the company specializes in motorsports and cycling. It sanctions the highest class of international racing for open-wheel single-seater formula racing cars, overseen by the Fédération Internationale de l'Automobile.

2024 Revenue

Founded

1950

Headcount

2,628

Headquarters

UK

Primary Segment

Motorsports and cycling

Ownership

Privately Owned

Deployments

1

News Summary:

On March 15, 2026, Formula One confirmed the cancellation of its Bahrain and Saudi Arabian Grand Prix races, originally slated for April, citing escalating regional tensions and ongoing conflict across West Asia. These cancellations create a five-week void in the 2026 calendar between the late-March Japanese Grand Prix and the early-May Miami Grand Prix, with no immediate replacement races planned due to safety concerns. This confirmation follows an earlier F1 press release describing the events as "postponed" rather than "cancelled," a word choice that suggested potential hopes for rescheduling later in the season despite an already packed schedule. Separately, on March 15, four-time world champion Max Verstappen criticized the new 2026 Formula 1 regulations, stating that individuals who enjoy them "don't understand racing," specifically referencing the revised chassis and power unit rules which will increase reliance on electrical energy.

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FIA Formula One World Championship offers 7 products in the sports and media and telecoms services industries. FIA Formula One World Championship's product portfolio comprises of media and TV services, sports tickets, merchandise and sponsorship 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 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 Amazon Web Services (AWS), Accenture and Google.

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Example Partners

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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.

Example Sports Rights Customers

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Example Sports Rights Suppliers

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