Motor racing’s prestigious Formula 1 (F1) series and the sport’s FIA governing body have announced a renewed global tyre partnership with iconic Italian brand Pirelli until 2028.
Pirelli will remain the single tyre supplier for the Formula One World Championship after the FIA exercised the option to extend the current contract by mutual agreement with the brand and F1.
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As well as F1, the Italian company will continue as the exclusive tyre supplier to the Formula 2 and Formula 3 Championships, and F1 Academy, the all-female developmental series.
The new contract adds another year to Pirelli’s existing tie-up with F1, which had been due to expire in 2027.
The extension prolongs one of the longest-standing technical partnerships in the sport, with Pirelli having an association with F1 for more than seven decades.
The brand was first present in the championship’s inaugural season in 1950, while serving as the exclusive tyre supplier since 2011.
Stefano Domenicali, president and CEO of Formula 1, said: “We’ve enjoyed an incredible history and partnership with Pirelli, relying on their technical brilliance and focus on performance, innovation, and sustainability for many years, so I'm delighted that the FIA and us will continue that relationship for another year.
“As we continue to push boundaries across the technical regulatory framework, Pirelli's commitment to quality gives all the teams and series it supplies peace of mind as they know they are working with some of the most advanced tyres in the world.”
Marco Tronchetti Provera, executive vice chairman of Pirelli, added: “Last year, we surpassed the milestone of 500 grands prix, taking on and winning significant technological and innovation challenges throughout our long involvement. Pirelli is not just a supplier but instead a strategic partner that has been able to support the constant growth of the championship, driven by the joint work of the Federation and the promoter.
“Formula 1 represents the best laboratory for us to innovate, test cutting-edge technical solutions, and continually improve research and development processes.”
In terms of recent commercial activity, F1 announced US sports betting operator FanDuel as its official betting operator in the US and Canada and extended and expanded its partnership with multi-national lottery operator Allwyn.
Last month, meanwhile, F1 reported a 53% increase in revenue for the first quarter (Q1) of 2026, contributing to parent company Liberty Media turning a $64 million profit during that period.
The series’ primary turnover (race promotion fees, media rights income, and sponsorship revenue) during the three months came to $496 million, up from $319 million the prior year – this rise was partly due to one extra race being held in Q1 this year as opposed to the same period in 2025. In total, three grands prix this season took place before the end of March.
Earlier in June, F1 also announced a 10-year contract extension with the city of Las Vegas, Nevada, to remain on its calendar through 2037.
The 2026 season continues this weekend with the Barcelona-Catalunya Grand Prix.
