F1 teams receive astronomical prize money figure after rapid rise in revenue

F1 owner Liberty Media has released its second quarter results, showcasing a significant increase in revenue year-on-year for the Formula One Group, which has provided a huge benefit to its 10 current teams.

Revenue for Q2 jumped from $871 million in 2024 to $1,226 million this year, representing over 40 percent growth in that area.

The key factors attributed to the Formula One Group's strong results are: The acquisition of MotoGP, despite that being completed at the start of Q3; the renewal of certain grand prix that take place during the period, namely the Canadian and Austrian grand prix, which both secured new long-term contracts; securing new partners, such as PepsiCo and the continuation of current deals, like global partner MSC Cruises; A new licensing agreement with Disney; and the F1 movie.

The latter has already grossed over $552 million at the global box office, becoming both Apple and Brad Pitt's most successful film. As such, it is due to return to cinemas having originally been released in late June.

"We made excellent progress since last quarter on our stated priorities, including completing the acquisition of MotoGP, advancing the split-off of Liberty Live and continuing excellent financial and operating results at Formula 1," said Derek Chang, Liberty Media president & CEO.

"Formula 1’s global strength continues to drive commercial momentum and financial success, with new partners signed and record fan engagement demonstrating the breadth and appeal of the brand.

"We are thrilled to begin our partnership with the MotoGP management team and, while early days, are working closely with them to support their strategic direction and accelerate the company’s growth."

F1 second quarter prize money

The rise in revenue can be in part explained by there being nine races in Q2 this year, compared with eight in 2024.

This is due to calendar format fluctuation, with additional revenues from race promotion and higher revenues from sponsorship and media rights as a result, although there were 11 events held year-to-date through the second quarter of both seasons.

Consequently, team payments have shot up from $435 million last year to $513 million for the same period in 2025, an 18 percent increase.

This prize money is distributed on a sliding scale based on the results of last season's constructors' championship, with McLaren due to get nearly $88 million at one end and Stake to receive $37 million at the other.

"This season has showcased phenomenal racing, with multiple teams and drivers competing at the very highest level," said Stefano Domenicali, Formula 1 president and CEO.

"The 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.

"Cultural 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.

"Thanks to the efforts of our teams, partners and the F1 community, we are driving excellent momentum at Formula 1 on and off the track."