Electric racing series Formula E lost $29 million in its fourth season

Electric racing series Formula E posted a €26.4 million (about $29 million) loss during its fiscal year ending July 31st, 2018, despite generating a record €133.4 million (about $149 million) of revenue, according to a new financial statement filed with the United Kingdom’s Companies House registry.The results for the fiscal year Formula E reported in this filing cover the racing series’ fourth season, which began in late 2017 and ended with a pair of races in New York Cit