The Ideate Show’s Post

Las Vegas GP Revenue 2023 --- F1 Revenue Rise: Formula One's total revenue for 2023, which included the Las Vegas race, jumped to $3.2 billion USD, a 25% increase compared to 2022 . Strong Q4: The strong revenue growth was particularly evident in the final quarter, which coincides with the Las Vegas race. This suggests the Las Vegas Grand Prix significantly contributed to F1's financial performance.

Las Vegas GP Revenue 2023 --- F1 Revenue Rise: Formula One's total revenue for 2023, which included the Las Vegas race, jumped to $3.2 billion USD, a 25% increase compared to 2022 . Strong Q4: The strong revenue growth was particularly evident in the final quarter, which coincides with the Las Vegas race. This suggests the Las Vegas Grand Prix significantly contributed to F1's financial performance.

Las Vegas GP Revenue 2023 --- F1 Revenue Rise: Formula One's total revenue for 2023, which included the Las Vegas race, jumped to $3.2 billion USD, a 25% increase compared to 2022 . Strong Q4: The strong revenue growth was particularly evident in the final quarter, which coincides with the Las Vegas race. This suggests the Las Vegas Grand Prix significantly contributed to F1's financial performance.

As a huge Formula 1 fan, I can only admire the business model shift they made in recent years. I am keen to see how they will accelerate to the next level! Read the blog and find out why!

Despite the rise of Singapore and Las Vegas, the business of Formula 1 happens at the Monaco Grand Prix and there is a whole lot of business to conduct as you will find out in this Business of Motorsport Roundup. Whether it’s the impressive poaching of an FIA official by Michael Andretti, debates over the locations of the next Grand Prix or negotiations over the Concorde Agreement, the business of F1 is accelerating. All this and much more in this week’s edition of the Business of Motorsport on Motorsport Prospects. #businessofmotorsport https://lnkd.in/eYWrB43q

Despite the rise of Singapore and Las Vegas, the business of Formula 1 happens at the Monaco Grand Prix and there is a whole lot of business to conduct as you will find out in this Business of Motorsport Roundup. Whether it’s the impressive poaching of an FIA official by Michael Andretti, debates over the locations of the next Grand Prix or negotiations over the Concorde Agreement, the business of F1 is accelerating. All this and much more in this week’s edition of the Business of Motorsport on Motorsport Prospects. #businessofmotorsport https://lnkd.in/eAXuU3Ni

In my latest article, I took a deep dive into Formula 1‘s current expansion focus and why a fourth race in the United States is not on the cards at the moment. Also what does it mean for Europe? 🤔 #F1 #Formula1 Read the full article here ⬇️ https://lnkd.in/eh-Qt_gt

Here's what to expect and how to book a spot at the F1 Las Vegas Grand Prix 2024. Click to read more.

With the news of Lewis Hamilton leaving Mercedes for Ferrari, YouGov Sport have analysed his popularity across different markets compared to Ferrari.   Data from Global Fan Profiles - which offers an instant view of the size, make-up, attitudes and behaviours of sport and esports fan bases in more than 50 markets – shows that 44% of British F1 fans support Lewis Hamilton, a quarter of Singaporean F1 fans (25%) are Hamilton fans, followed by nearly one in five respondents in the UAE (18%)   As for Ferrari support, half of all respondents in the UAE who are F1 fans (51%) say they support Ferrari, followed by Indians (46%). Two in five F1 fans in Singapore (41%) support Ferrari, and so do nearly three in ten Americans (29%). #F1 #DirveToSurive #Sports https://lnkd.in/eFf4vs6c

I am still digesting the coverage and implications of the rejected Andretti F1 bid (expect full coverage in Friday's Business of Motorsport column) but one quote that stuck out to me is from Mark Hughes in The Race. Discussing the potential legal implications of the decision, he feels that there could be some legal push-back and we know the law is trending against monopolistic behavior, even in sports. #sportslaw #motorsportlaw "It lists all the reasons why not, but the most crucial one is it does not see Andretti joining bringing a net financial benefit to F1. In other words, F1’s income would be divided among the teams by 11 rather than 10 without it attracting the additional income for F1 to compensate for the smaller share. It’s difficult to read this any way other way than F1 declaring itself a closed shop to anyone other than automotive manufacturers." https://lnkd.in/evu-QBuS