F1 reports $92m in profit in 2021 as income bounces back to normal

The organisation’s numbers took a massive hit in 2020 as the COVID pandemic hit and only 17 races were held – most of them without spectators. 

Overall revenues crashed from $2.022bn in 2019 to just $1.145bn in 2020.

However, in 2021, despite the ongoing impact of COVID, 22 races took place, and with many of them seeing the return of spectators F1’s revenue recovered to $2.136bn.

F1’s income was also boosted by a one-off payment related to the cancellation of…