Formula 1 owner Liberty Media has revealed its second-quarter financial and operating results for 2026, showing a clear drop in revenue following the calendar disruption triggered by the conflict in the Middle East.
Unsurprisingly, compared to 30 June 2025, Formula 1 has suffered a considerable financial loss, having staged three fewer races than it had in the first six months of last year.
Larger gaps in the calendar had already been scheduled before the start of the campaign, while the conflict in the Middle East meant no races took place in April, when both the Bahrain and Saudi Arabian Grands Prix had originally been scheduled.
As a result, Liberty Media reported a 15% decline in revenue to $1.381 billion, compared to the first six months of 2025.
Its operating income was $180 million, while Adjusted OIBDA decreased by 30% to $311 million compared to the same period in 2025.
The losses were widely expected due to the calendar disruption. However, Formula 1 has already confirmed plans for the Bahrain Grand Prix to be held on 4 October in Malaysia.
While the Saudi Arabian Grand Prix will not take place, and a decision on Qatar and Abu Dhabi is still pending, the sport is working on the basis of holding at least 22 races.
"This season has showcased the very best of our sport with competitive racing and fascinating storylines that are driving strong fan engagement with attendance, audiences and digital impressions all up season-to-date," said F1 president and CEO, Stefano Domenicali.
"Our sport continues to demonstrate its adaptability and creativity – the Bahrain Grand Prix for 2026 will be hosted in Malaysia following the agreement announced last week.
"Our partnership with Apple continues yielding positive engagement, with viewership up year-over-year, season-to-date and total hours watched up 13%. We continue to see momentum across our business, including signing a landmark 10-year extension in Las Vegas and working with well-respected partners such as ServusTV and Pirelli.
"We remain focused on strengthening the foundation of our sport together with the teams and the FIA to deliver the best possible experience for our fans around the world, both on and off track."
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