London - The all-electric Formula E series reported record audience figures and revenues on Thursday as well as making a profit for the first time thanks to sponsorship growth.
The city-based series, which starts its sixth championship in Saudi Arabia in November, said revenues increased 50% to more than 200 million euros ($220.54 million) last season, according to preliminary figures.
Earnings before interest, tax, depreciation and amortisation - was positive for the first time.
While no full breakdown was provided, a spokesman put the profit at around 1 million euros and said sponsorship was up 25%.
Formula E said the cumulative television audience had grown 24% year-on-year to more than 411 million with 72% of fans on social media aged under 35.