Formula 1 CEO Stefano Domenicali says the recently released F1 movie had a significant impact on Liberty Media’s increased quarterly earnings over 2024.
The film, starring Brad Pitt and made with heavy collaboration from Formula 1 and its teams and drivers, has been a box office success, reportedly making more than half-a-billion dollars since its release in June.
Following its theatrical release, the movie will be available for streaming on the Apple TV service. Apple was also involved in financing the movie.
Liberty Media reported their earnings for the second quarter of 2025 yesterday, recording total revenue for April to June of $1.341 billion – a marked increase from $988 million in the same period last year. But Domenicali believes the impact of the movie will be felt beyond a spike in earnings for F1’s owners.
“This season has showcased phenomenal racing, with multiple teams and drivers competing at the very highest level,” Domenicali said. “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.”
Liberty Media CEO Derek Chang said the group was looking forward to exploring new opportunities for growth with Moto GP, which it recently completed its acquisition of in early July.
“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,” Chang said.
“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.”
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