Formula One Group reports Q2 Adjusted OIBDA of $146M

Aug. 05, 2022 8:23 AM ETFormula One Group (FWONA)FWONK, FWONBBy: Niloofer Shaikh, SA News Editor
  • Formula One Group press release (NASDAQ:FWONA): Q2 Adjusted OIBDA of $146M.
  • Revenue of $744M (+48.5% Y/Y) beats by $55.1M.
  • “The Formula 1 2022 season continues to set records, as we’ve seen exciting action and unpredictable outcomes on the track. We are attracting fans in person and across all our platforms,” said Stefano Domenicali, Formula 1 President and CEO. “We are making meaningful progress working with all of our stakeholders including our teams, race promoters, the FIA and business partners towards our goal to hit net-zero carbon by 2030.”

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