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Formula One's Q3 2022 earnings show a strong performance driven by diversified revenue streams and multi-year contracts. Key areas of growth include race promotion, media rights, and sponsorship.
Formula 1 has a diversified & stable business model.
Multi-year contracts with key business partners across Media Rights, Race Promotion & Sponsorship.
Race Promotion contracts typically have annual escalators and promoters’ principal source of income is ticketing.
Media Rights contracts usually include annual escalators and includes F1TV OTT revenue.
No forward guidance was provided in the report.