Breakdown of F1’s Profit Boost with Las Vegas GP Success

The 2023 profits for F1 reached $392 million, with revenue rising by 25% and operating profit up by 64%. The introduction of the Las Vegas GP played a significant role in the revenue increase, with Liberty Media highlighting its success in the final quarter. Costs rose due to promoting the event, but F1 CEO Stefano Domenicali emphasized the overall success of the season, including record race attendance and fan growth in the US market.

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