Formula 1 delivered the strongest financial performance in its history in 2025, posting total revenue of $3.9bn for the year ended 31 December, a 14% increase compared to the previous season. Operating income rose 28% to $632m (£469m), reflecting continued commercial expansion across all core business areas.

Primary revenue streams (race promotion, media rights and sponsorship) remained the foundation of the sport’s business model. In 2025, race promotion accounted for 26.7% of total revenue, media rights for 31.3%, and sponsorship for 21.7%. The remaining 20.3% came from other sources including hospitality, freight and licensing.

All key segments recorded growth. Sponsorship revenue increased through new global partnerships, contractual uplifts from existing sponsors and expanding digital advertising sales. Media rights revenue benefited from contractual fee escalations, continued growth in F1 TV subscriptions and recognition of one-time revenue associated with the F1 movie project. Race promotion revenue rose primarily due to higher promoter fees under long-term agreements.

Team payments increased by 11% to $1.18bn (£875m), compared to $1.06bn in 2024. The 2025 prize fund was divided among the 10 teams competing in the championship.

"Formula 1 finished another record-breaking season, marking an exceptional 75th anniversary year for the sport. The next chapter of F1 brings on-track excitement with a new race in Madrid, the debut of Cadillac and Audi and the return of Honda and Ford to the grid," said F1 CEO Stefano Domenicali.

"This upcoming season is a thrilling time for our sport as we introduce the next generation of cars, engines and regulations that are sure to make for dynamic racing and compelling storylines," he added. "Our sport has never been stronger, as evidenced by our roster of marquee partners, including Disney, Lego, Pepsi, Apple and Standard Chartered," added F1 boss.

"2025 was an exceptional and productive year for Liberty, and we are excited about the opportunities ahead," said Derek Chang, President & CEO of Liberty Media.

"We delivered on our key strategic objectives - strengthening Formula 1's growth trajectory, completing the MotoGP acquisition and streamlining our structure following the Liberty Live split-off last December. This year, we remain focused on sustaining F1's momentum, positioning MotoGP for future growth and remaining disciplined yet opportunistic with our capital to drive shareholder value," concluded Chang