Record audience figures and revenue as Formula E remains sport of choice for young fans

12 Sep 2019
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The ABB FIA Formula E Championship has further accelerated its audience growth across the board in season five and still remains the sport of choice for young fans, with 72 per cent of followers on social channels under the age of 35.
 
Consumer growth figures at the end of the season also reflect a similar upward trajectory of the company’s financials. The preliminary numbers show a record revenue of over €200 million (EUR), up more than 50 per cent from last season and a positive EBITDA for the first time in the short history of Formula E.
 
Not only has Formula E seen a significant increase in revenue, the series has also experienced yet another consecutive year of growth across its digital platforms, as well as increased event attendance and more fans tuning in to watch on television.
 
Formula E entered a new era in season five, introducing the game-changing Gen2 car, rolling out an innovative race format and adding to the list of iconic cities featuring on the calendar, which in turn created a truly unique and unmissable sporting spectacle.
 
Coming off the back of the most competitive and unpredictable season so far, which saw eight different winners in the first eight races, the excitement on track has translated into growth across all areas and has again gained most traction with a younger audience.
 
Following a trend set in previous seasons and showing no signs of slowing, Formula E is continuing to capture a new and young audience, with a rising amount of followers, video views and sustained levels of engagement spread over the most desirable age brackets.
 
The combined total of followers has climbed 212 per cent compared to last season, more than doubling the number of new fans following the ABB FIA Formula E Championship on social media. Despite drawing a larger following, engagement rates haven’t relented and instead have continued to rise with a 449 per cent increase in interaction on Formula E owned content.
 
Formula E has focussed its efforts on servicing fans with the latest news, storylines and relevant content to help create conversation, stir debate and generate comments from fans. The series is also committed to producing original content in key markets, with multi-language community management attributing to additional levels of engagement.
 
The number of video views has grown for a second season in succession, coming in at 61 per cent more than last year and passing the 850 million mark. With 72 per cent of followers aged under 35 and 42 per cent of videos being viewed by fans under the age of 25, Formula E is among the highest-performing sports platforms on the planet in terms of percentage breakdown of young fans.
 
Targeting and tailoring content to a young audience ties in with Formula E’s broader brand purpose and vision of moving towards a cleaner future, faster - reaching more fans and bringing them one step closer to buying an electric car.
 
On top of driving digital growth, Formula E has had more event attendees than ever before, surpassing more than 400,000 spectators and ticket holders coming through the turnstiles in season five. Along with increased footfall in cities around the world, the number of fans watching on television has risen 24 per cent year-on-year, with a cumulative TV audience of 411m across 13 races.
 
After the most successful season to date, the ABB FIA Formula E Championship is already gearing up for the new campaign with the most competitive line-up in motorsport. Both Mercedes-Benz and Porsche join the grid and will be battling for bragging rights when the five lights go out for the SAUDIA Diriyah E-Prix double-header on November 22 & 23.
 
To plug in and get all the latest news on the ABB FIA Formula E Championship, visit www.FIAFormulaE.com, or follow us on FacebookInstagram, Twitter and YouTube. @FIAFormulaE #ABBFormulaE
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Adam Sinclair

Adam has been a race fan since the first time he went through the tunnel under the Daytona International Speedway almost 30 years ago. He has had the privilege of traveling to races all across the state of Florida (as well as one race in Ohio), watching nearly everything with a motor compete for fame and glory, as well as participating in various racing schools to get the feel of what racecar drivers go through every week.  

Adam spent several years covering motorsports for Examiner.com., where he had the opportunity to see the racing world from behind the scenes as well as the grandstands. He invites everyone to follow him on Twitter, Facebook, and Google Plus, and looks forward to sharing his enthusiasm for all things racing with the readers of SpeedwayDigest.com.

Be sure to tune in for his sports talk program, Thursday Night Thunder, where he discusses the latest in motorsports news with drivers, crew members, and fans. The show takes place (almost) every Thursday at 8:00 pm EST on the Speedway Digest Radio Network. 

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