Formula 1 is developing contingency plans for its Middle East races following cancellations caused by conflict in the region. Liberty Media reported strong first-quarter financial results despite the disruptions.
Liberty Media announced that Formula 1 revenue rose 53 percent to $617 million in the first quarter of 2026. Operating income reached $107 million with core operating profit at $172 million. The company held three grands prix in the period, including Japan, compared to two the previous year, and added new sponsorships such as Standard Chartered.
