Formula 1 revenue fell to $764 million in the three months through June, when the championship held three fewer races than during the same period in 2025. Adjusted operating income before depreciation and amortisation dropped 61% to $139 million.
The Bahrain and Saudi Arabian Grands Prix were cancelled amid conflict in the Middle East, although Bahrain has since been rescheduled at Sepang. Liberty Media said further calendar changes may be needed if Qatar or Abu Dhabi cannot hold their races.