Formula 1 revenue surges in 2023, boosted by Las Vegas GP ...Middle East

Formula 1 continued its impressive financial trajectory in 2023, recording significant growth in both revenue and profits. This positive performance was bolstered by the successful debut of the Las Vegas Grand Prix in the final quarter of the year. Overall, F1's revenue climbed from $2.573 billion to $3.222 billion, reflecting a 25% increase compared to 2022. This growth was mirrored in operating profits which jumped 64%, from $239 million to $392 million during the same period and on a comparable basis given that 22 races were held in both 2022 and 2023. The addition of the Las Vegas Grand Prix played a pivotal role in this upsurge. Liberty Media, the sport's owner, explicitly highlighted t

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