Liberty Media

F1 owner Liberty Media has revealed it is facing a US Department of Justice investigation into its move to prevent Andretti Formula Racing from entering the series as its 11th team.

Formula 1's revenue broke the $500m (€465.7m) barrier for the first quarter of this year, with the addition of an extra race in the period and strong performances across all three main revenue drivers paying dividends.

MotoGP will continue to be run as a separate business to Formula 1 and there is unlikely to be any bundling of the media or sponsorship rights to the two properties following Liberty Media’s acquisition of the motorcycling series.

Liberty Media has targeted the Americas as the main growth region for MotoGP after striking a deal for Dorna Sports that values the series promoter and rights-holder at €4.2bn ($4.5bn).

Dorna Sports’ expected sale to Liberty Media for over €4bn ($4.3bn) offers the potential to generate a host of commercial efficiencies across both Formula 1 and MotoGP in a watershed moment for motorcycling.

Formula 1 has seen its annual revenue grow to $3.22bn (€2.97bn), with the impact of its new Las Vegas Grand Prix particularly impacting its fourth quarter results as operating income rose by 164 per cent year-on-year.

Liberty Media's Liberty SiriusXM (LSXM) tracking stock group will be combined with US radio broadcaster SiriusXM to create a new public company under the SiriusXM name and brand

Formula 1’s revenue for the third quarter of 2023 rose to $887m (€829m), with the figures boosted by increased media rights and sponsorship fees, as well as one extra race compared to the same period in 2022.

The organisers of the upcoming Formula 1 Las Vegas Grand Prix have made tequila brand Volcan de mi Tierra the latest addition to the event’s sponsorship portfolio. 

Liberty Media is looking to combine the Liberty SiriusXM tracking stock group with US radio broadcaster Sirius XM to form a "new, consolidated public company"

Liberty Media, owners of Formula 1, has announced that it has purchased "greater than 90 per cent" of QuintEvents in a deal that values the US-based ticket and hospitality company at $313m (€292m).

Formula 1 saw its race promotion revenue grow during the second quarter of 2023 compared to the same period last year, despite the cancellation of May’s Emilia-Romagna Grand Prix, although overall revenue dropped from $744m (€675m) to $724m due to a decline in media rights income.

Liberty Media-owned motorsport series Formula 1 posted revenues of $381m (€419m) for the first quarter of 2023, a slight increase on the $360m it generated for the same period in 2022.

TMRW Sports, the golf technology venture co-founded by Tiger Woods and Rory McIlroy, has received investment from Fanatics chief executive and founder Michael Rubin and Liberty Media president and chief …

A letter sent by Formula 1 and its owner Liberty Media has accused International Automobile Federation (FIA) president Mohammed Ben Sulayem of overstepping the bounds of the governing body’s remit after h…