Adjusting the calendar is costly for Formula 1.

      Liberty Media Corporation has released the financial and operational results for the second quarter of 2026, which show that the forced cancellation of Middle Eastern races is costing Formula 1 dearly. By the end of the first month of summer this season, three fewer races had been held compared to 2025. Due to the conflict in the Middle East, there were no races at all in April, and the championship owners reported a 15% decrease in revenue compared to the first half of 2025. However, Liberty still earned $1.381 billion.

      At the same time, operating income amounted to $180 million, while adjusted OIBDA (operating income before depreciation) decreased by 30%. However, the situation is expected to improve somewhat in the second half of the year, as the Bahrain Grand Prix is still scheduled for early October, but it will take place at the Malaysian circuit in Sepang.

      The Saudi Arabian Grand Prix has been definitively canceled, and decisions regarding the races in Qatar and Abu Dhabi have not yet been made, but the management of Formula 1 will try to hold at least 22 races this year.

      "This season showcases the best aspects of our sport, as the races are very exciting, at a high level, and attract a huge audience. Our sport demonstrates the ability to adapt and a creative approach," emphasized Stefano Domenicali, President and CEO of Formula 1. "Together with the FIA and the championship teams, we continue to focus on strengthening the foundations of our sport so that fans around the world have the most vivid experiences both on and off the track."