Formula One closed 2025 with annual revenue up 14% to $3.87 billion, operating income rising 28% to $632 million and adjusted OIBDA increasing 20% to $946 million. Reports varied slightly on headline figures — one summary rounded F1 revenue to $3.9 billion — but the company also posted a record fourth-quarter revenue of $1.38 billion, a 22% jump from Q4 2024.

The gains were broad-based: primary F1 revenue totaled $3.09 billion, with the revenue mix split among race promotion (26.7%), media rights (31.3%) and sponsorship (21.7%) — sponsorship exceeded 20% of primary revenue for the first time since Liberty Media’s acquisition. Ancillary streams supported growth as well, with hospitality and licensing up 20% to $787 million. Fan engagement rose, with attendance of 6.75 million (up 4%) and live TV viewership reported broadly as up about 21% year‑over‑year (one source cited a 24% increase). Liberty attributed media‑rights growth to F1 TV subscriptions and one-time movie revenue.

Parent Liberty Media also reported improved results and strategic moves tied to the strong performance: consolidated revenue was $4.48 billion for fiscal 2025 and overall operating income rose to $577 million from $287 million a year earlier. In July, Liberty completed an acquisition of an 84% stake in MotoGP for $3.1 billion and disclosed pro-forma 2025 MotoGP revenue of $573 million (up 14%), pro-forma operating income of $54 million (up 86%) and adjusted OIBDA of $201 million. Liberty highlighted longer-term commercial stability — including a Concorde Agreement through 2030, new sponsorship deals such as Standard Chartered and media-rights extensions — alongside venue and rights arrangements that support F1’s revenue outlook.

Sources