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Stock impact report

Formula 1 Now Sees 750 Million Fans Due To Growth With Women And Middle East [Forbes]

Globant S.A. Common Shares (GLOB) 
Last globant s.a. common shares earnings: 2/20 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.globant.com
Company Research Source: Forbes
The final race of the 2024 Formula 1 schedule is set for this weekend in Abu Dhabi, but already the global open-wheel racing series has racked up impressive growth in several key demographics. A new study by Nielsen Sports released today shows that F1 is the most popular yearly sporting series, reaching a total audience of 750 million. What's impressive is that in just the past three years, Formula 1 has seen global interest grow by 5.7% or approximately 50 million new fans since 2021. The core growth area for fans is coming from the female demographic. Women now comprise 41% of the total fan base for Formula 1, with 16-24-year-old demo the fastest growing age sector. “Formula 1 is a perfect example of a rights owner innovating its relationship with fans,” said Jon Stainer, Nielsen Sports' Global General Manager. “Growth of interest, especially among women and newer markets like Saudi Arabia can be attributed largely by a shift in how the teams and drivers are profiled today, a Show less Read more
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