FIA Formula One World Championship, also known as F1 or Formula 1, is a privately owned entity headquartered in the UK, with Liberty Media as its parent company. Founded in 1950, and operating with approximately 2,630 employees, the company reported $2.2B in revenue as of 2024. Operating as a tier 1 media tech buyer, its main product involves motorsports and cycling, specializing in 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:

On March 22, 2026, Formula E founder Alejandro Agag identified Mercedes team principal Toto Wolff as the "main force" behind Formula 1's new power unit regulations, which have caused paddock controversy due to their 50/50 split between electrical and internal combustion power. Earlier the same day, the "halo" safety device, initially met with mixed reactions upon its 2018 introduction due to aesthetics, was recognized for having proved its worth, indicating a shift in attitudes eight years on. Also on March 22, Cadillac F1 board member and 1978 World Champion Mario Andretti stated that Max Verstappen, accustomed to leading, must "deal with" his frustrations in F1 2026 as he is not "having as much fun." Previously, on March 21, the new power unit regulations for 2026 generated discussion over their effect on racing, with a less apparent regulatory change potentially holding significant consequences for competition later in the year. This followed encouraging feedback from the opening rounds of the Formula 1 World Championship, reported on March 21, where team leadership analyzing events in Australia and China generally rated the on-track action high, garnering positive fan reactions despite criticism that qualifying prevented drivers from pushing for pole.

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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 media and TV services, motorsports and cycling 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 Accenture, Google and Amazon Web Services (AWS).

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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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