Formula 1's Q1 2024 financial report reveals a massive 45% revenue jump to $553 million from $381 million in the same period last year. This growth is credited to more races, higher media fees, a growing subscription base, and diverse income streams. Notably, adding three prestigious races—Bahrain, Saudi Arabian, and Australian Grands Prix—boosted both race promotion fees and media rights earnings. Digital platforms like the F1 TV subscription service saw strong growth, alongside increased revenue from sales of new Formula 2 chassis and hospitality offerings.
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Aussie F1 star Daniel Ricciardo is stepping into Hollywood as an executive producer for the upcoming TV comedy "Downforce," giving viewers a behind-the-scenes look into the world of F1 racing. The show revolves around an heiress navigating tough decisions about her family's racing legacy, similar to the drama in "Entourage." Ricciardo's involvement adds credibility and is aimed at engaging the F1 fan base.
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Red Bull will unveil its RB17 hypercar at the Goodwood Festival of Speed in July, commemorating 20 years in Formula 1 with a lineup featuring former and current drivers like David Coulthard. Designed by outgoing chief technical officer Adrian Newey, the RB17 boasts a two-seat carbon fiber chassis, a semi-stressed mid-mounted V10 engine, and a carbon fiber gearbox, with only 50 units to be produced, each capable of speeds over 350 kph. The car symbolizes Red Bull's commitment to engineering excellence and will debut at Goodwood alongside a showcase of championship-winning cars and drivers.
Click here to read the full article by Samuel Coop (racingnews365.com)
It was an action-packed weekend of racing in Miami, and Mercedes Trackside Engineering Director Andrew Shovlin answered fan questions. He discussed various aspects of F1 racing, including race strategy, on-track battles, upgrades, and more. Shovlin also talked about why Hamilton lost grip and time between Q2 and Q3 and why Hamilton was brought in early on hard tires, among other topics.
Do you know how an F1 car engine works? F1 engines are much more than just powerful machines that burn fuel and produce speed; they are complex systems that combine internal combustion, turbocharging, hybrid electric components, and sophisticated software to achieve incredible levels of efficiency and performance. But do you know how their engines compare to those of regular cars?
