The direct financial impact the F1 movie on Formula One Management has been revealed.<\/p>\n
While the film at raked in more than $500 million at the box office globally, F1 itself earned less than $20 million.<\/p>\n
F1 movie delivered less than $20 million<\/p>\n
Starring Brad Pitt and Damson Idris, with Lewis Hamilton an executive producer, the film was released globally at the end of June.<\/p>\n
Filming took place throughout 2023 and 2024, with extensive assistance and cooperation from Formula One Management.<\/p>\n
That has been reflected on its balance sheet, with a special mention made of the movie\u2019s impact on Liberty Media\u2019s second-quarter results.<\/p>\n
\u201cThe F1 movie from Apple debuted to well-deserved accolades, marking the largest box office theatrical release for any streaming service and captivating audiences of both core and new F1 fans alike,\u201d said Stefano Domenicali.<\/p>\n
\u201cCultural moments like the F1 movie alongside exciting on-track action are generating strong viewership trends and especially robust social and digital engagement, including a record number of social impressions delivered by content posted on official F1 channels.\u201d<\/p>\n
The film\u2019s impact on Liberty Media\u2019s quarterly revenue was also noted further in its report.<\/p>\n
\u201cMedia rights revenue also increased due to continued growth in F1 TV subscriptions and the recognition of one-time revenue associated with the release of the F1 movie,\u201d the Q2 earnings release announced.\u201d<\/p>\n
However, when speaking to analysts on the back of the publication of its financial results, Brian Wendling, Liberty Media\u2019s chief accounting officer and principal financial officer, revealed FOM benefited to the tune of less than $20 million.<\/p>\n \u201cOn the F1 movie, think of it as a mid-teens number for the quarter. That\u2019s one time in nature on revenue.\u201d<\/p>\n In the context of Liberty Media\u2019s revenues of $1.226 billion for the second quarter of F1 2025, the film contributed scarcely more than one per cent.<\/p>\n Stefano Domenicali, president and CEO of Formula One Management, rationalised that by noting the broader value it adds.<\/p>\n More on the finances of Formula 1:<\/p>\n \ud83d\udc49 New Renault CEO makes firm Alpine F1 statement<\/a><\/p>\n