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

2,628

Headquarters

United Kingdom

Primary Segment

Motorsports and cycling

Ownership

Privately Owned

Deployments

1

News Summary:

FIA Formula One World Championship will return to Madrid, Spain, after a 40-year absence, with the Spanish Grand Prix set to take place at the newly constructed Madring circuit, which incorporates historical elements like Spanish Civil War bunkers. This development comes as Formula 1 drivers have accumulated only a single penalty point — issued to Franco Colapinto for failing to slow under yellow flags during the Barcelona race — across seven races completed this year, indicating improved relations with the FIA, with no penalty points issued for on-track incidents. Separately, Franco Colapinto made a case for securing a spot on the 2027 grid while driving an Alpine during his weekend in Austria. Earlier on June 26, Formula One and ServusTV extended their free-to-air broadcast partnership in Austria, building on a six-year relationship. The renewed deal retains ServusTV's rights across all distribution channels, including its streaming platform, through 2026 and ensures uninterrupted coverage from 2027, providing live coverage of practice sessions, qualifying, F1 Sprint events, and Grands Prix. Previously, on June 25, Disney expanded its presence in the Formula 1 market with a significant activation at the British Grand Prix at Silverstone, featuring exclusive merchandise, live entertainment, and immersive fan experiences.

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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 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 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, Google and Accenture.

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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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