Search

    Select Website Language

    GDPR Compliance

    We use cookies to ensure you get the best experience on our website. By continuing to use our site, you accept our use of cookies, Privacy Policy, and Terms of Service.

    How much money does NASCAR make?

    3 months ago

    10

    0

    👍 ❤️ 😂 😮 😢 😡

    How much money does NASCAR make? NASCAR financials have been released in court documents; The sanction had revenues of $1.701B.NASCAR Holdings, LLC brought in revenues of $1.701B in 2024. This information has been made public in court documents stemming from the current court case with 23XI Racing and Front Row Motorsports. How much money does NASCAR make? NASCAR brought in a profit of $103,149,000 in the year 2024. That’s down from $537,020,000 the prior year due to $492,207,000 in the sale of assets. For comparison, the winning NASCAR team owner takes in $2,840,000 from the 2025 point fund. The total point fund is $33,712,000 across all teams. Teams also collect from race earnings, performance incentives and the charter system. The total amount of payments made from NASCAR to both tracks and the teams totaled $684,575,000 in 2024. NASCAR payout financials released in court (Race Earnings & Point Fund) Media licencing, digital media, production$1,048,933,000 League Revenues$313,949,000 Track and event revenues$323,724,000 Other$14,532,000 Total Income$1,701,138,000 Track and team payments$684,575,000 Media licensing$121,142,000 League expenses$211,092,000 Track and event expenses$313,012,000 Other operating expenses$11,602,000 General and administrative$108,051,000 Total Expenses$1,597,350,000 Operating Income$103,788,000 Interest expense$28,998,000 Interest on extinguishment of debt$1,759,000 Income (Interest)$8,222,000 Equity in net income from equity investments$29,536,000 Gain on disposal of assests$807,000 Income before income tax provision$111,596,000 Income tax provision$8,953,000 Net Income$102,643,000 Interest rate swap$209,000 Foreign currency hedge$297,000 Comprehensive income$103,149,000 Cash and cash equivalents$83,130,000 Accounts receivable$61,637,000 Income tax receivable$1,449,000 Assets held for sale$550,000 Other current assets$21,497,000 Total current assets$168,263,000 Property and equipment$1,188,256,000 Right-of-use assets$77,240,000 Goodwill$213,206,000 Intangible assets$256,300,000 Equity investments$225,327,000 Other non-current assets$43,637,000 Total assets$2,172,229,000 Accounts payable$32,496,000 Accrued expenses$48,962,000 Lease obligations$5,076,000 Income tax payable$242,000 Deferred revenue$121,159,000 Current portion of long-term debt$6,390,000 Total current liabilities$214,325,000 Long-term debt, less current$334,109,000 Non-current lease obligations$42,069,000 Deferred income tax liabilities$302,558 Other non-current liabilities$22,094,000 Total liabilities$936,675,000 Member’s equity$1,235,554,000 Total liabilities and member equity$2,172,229,000 NASCAR Categories Tags
    Click here to Read More
    • Share:
    Kia Enjoys Record-Breaking October Sales, Sets Pace for a Stellar Year
    Previous Article
    Kia Enjoys Record-Breaking October Sales, Sets Pace for a Stellar Year
    Next Article
    Porsche Readies Third US Price Hike, Blames Trump Tariffs
    Porsche Readies Third US Price Hike, Blames Trump Tariffs

    Related Financials Updates:

    Are you sure? You want to delete this comment..! Remove Cancel

    Comments (0)

      Leave a comment

      Send