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F1 reports rise in quarterly profit

Drivers head into turn one on the opening lap of the 2019 US Grand Prix at Circuit of The Americas (by Mark Thompson/Getty Images)

Motor-racing championship Formula 1 saw its operating income rise by $5m (€4.54m) year-on-year, despite a fall in revenue, as this was offset by reduced costs.

The figures were revealed as F1’s parent company, US mass media group Liberty Media detailed its third quarter results for the period ending September 30, 2019. The F1 side of the business saw primary revenue fall from $560m to $553m, while other revenue declined from $87m to $80m.

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