F1 revenues boosted by 49% as series emerges from COVID-19 pandemic

Both seasons saw seven grands prix held during the April-June period, allowing for a useful comparison as the effects of the COVID-19 pandemic fell away. The number of races is significant as F1 divides up its revenue across the year depending on how many events are held in each quarter.

In the first part of 2021 races were still being held in front of limited crowds, while the lucrative Paddock Club hospitality division hadn’t yet got up to speed after the pandemic. The…