FIA Formula One World Championship, also known as F1 or Formula 1, is a privately owned entity headquartered in the UK. Operating under parent company Liberty Media, and functioning as a tier 1 media tech buyer, it was founded in 1950, employs approximately 2630 individuals, and reported $2.2B in revenue as of 2024. The company specializes in motorsports and cycling, functioning as the highest class of international racing for open-wheel single-seater formula racing cars sanctioned 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:

FIA Formula One World Championship, its teams, and the FIA reached an agreement on Monday, April 25, regarding a package of rule tweaks ahead of the Miami Grand Prix. These changes primarily concern energy management, aiming to make qualifying more challenging and improve safety by addressing closing speeds. Earlier the same day, F1 chief Stefano Domenicali stated the championship and power unit manufacturers are open to "different" power units in the future, building on the 50-50 hybrid units unveiled in 2022 that attracted Audi and Ford. This comes as analysis on April 25 suggested Mercedes might be the team least enthusiastic about the recent changes to the 2026 regulations, contrasting with their past success in adapting to rule changes such as the 2014 V6 turbo-hybrid era. Previously, on April 24, the variability in standing starts under F1’s 2026 rules was noted, with some cars and drivers performing better than others. Concurrently on April 24, South African President Cyril Ramaphosa prepared to attend an F1 Championship round to boost the country's bid for a Grand Prix.

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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 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, 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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Example Sports Rights Suppliers

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