Formula One’s revenue for the three months ended 31st December rose 62 per cent year-over-year (YoY) to $787 million, the series’ owner Liberty Media has announced.
The global motorsport series posted operating income of $62 million for the fourth quarter, having suffered a $41 million loss for the same period in 2020.
For 2021, Formula One’s total revenue climbed nearly 87 per cent to $2.14 billion. Operating income was $40 million, compared to a $444 million loss for 2020.
Across its three divisions, Liberty Media’s total revenue for 2021 was $11.4 billion while its operating income was $1.98 billion.
Of this amount, Major League Baseball’s (MLB) Atlanta Braves brought in $568 million, up a whopping 219 per cent YoY. Operating income for the year was $20 million, compared to a $128 million loss in 2020. The Braves’ revenue for Q4 nearly tripled YoY from US$35 million to US$102 million.
