Liberty Media’s stock fell approximately seven percent when Bahrain and Saudi Arabia were removed from the 2026 Formula 1 calendar, pricing the cancellations as lost growth rather than contained exposure.<br>So F1 did not lose two races, it lost two hosting fees. The distinction is not semantic, it is structural, and it explains why the championship's most valuable revenue streams continued ...<a class='more' href='https://www.autosport.com/f1/news/what-the-bahrain-and-saudi-cancellations-reveal-about-how-f1s-money-works/10811691/?utm_source=RSS&utm_medium=referral&utm_campaign=RSS-ALL&utm_term=News&utm_content=uk'>Keep reading</a>