Strong F1 Performance
Formula One's business is performing incredibly well with revenue up 14% and adjusted OIBDA up 21% year-to-date, driven by sponsorship, race promotion, and media rights growth.
Successful MotoGP Acquisition
Liberty Media completed its acquisition of MotoGP, acquiring 84% of the company. The acquisition is expected to enhance the company's growth, with strategic plans already underway.
Record Attendance and Engagement
MotoGP saw a 6% increase in attendance on a like-for-like race basis, with Le Mans setting the highest attendance ever for MotoGP. Additionally, social media followers grew by 6% year-over-year.
F1 Movie Success
The F1 movie had a global box office sales of over $500 million within its first 5 weeks, becoming the highest-grossing Apple film to date.
Promising Sponsorship Activity
F1 announced significant new partnerships, including MSC Cruises extending its partnership through 2030 and Pepsi joining as an official partner.