FIA Formula One World Championship, also known as F1 or Formula 1, is a privately owned entity headquartered in the UK. Its parent company is Liberty Media. Operating as a tier 1 media tech buyer, it was founded in 1950 and has approximately 2,630 employees, reporting $2.2B in revenue as of 2024. The championship focuses on motorsports, specifically managing 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:

MSC Cruises plans to introduce its MSC Yacht Club at the 2026 Formula 1 Miami Grand Prix, offering a "first-of-its-kind" luxury motorsports hospitality experience by merging cruising and motorsports trackside at the Marina at the Miami International Autodrome. Earlier on May 2, a former world champion weighed in on speculation surrounding Formula 1's potential return to India, with discussions and "optimistic" timelines like 2027 being floated. On May 1, the Miami Grand Prix sprint race grid order changed after Formula 1 stewards handed Alex Albon a post-session penalty for a rule violation, though Lando Norris escaped punishment following an investigation into his impressive drive to pole position for Saturday's race. Previously on May 1, Formula 1 CEO Stefano Domenicali asserted the championship is "far from finished" with its US expansion, highlighting significant commercial potential at the Autosport Business Exchange Miami and noting interest in hosting more than the current three American races across Miami, Austin, and Las Vegas.

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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, Google and Accenture.

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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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