F1 reports increase in quarterly revenue in COVID-19 recovery

However, the change was not as dramatic as in previous quarters because income in the latter part of 2021 was not impacted as dramatically by the pandemic, as last year race attendances began to return to normal levels and the lucrative Paddock Club got back up to speed.

Overall F1 revenue rose from $668m in 2021 to $715m in 2022 for July-September, although operating income was only up from $80m to $82m thanks to increased costs. The 10 F1 teams shared payments of…