Back to Results
Paid SocialPaid SearchLead GenerationInfluencer Marketing

How We Drove a 121% Revenue Increase for the Formula 1 Miami Grand Prix

For the 2024 F1 Crypto.com Miami Grand Prix, TNT Growth redesigned the entire paid media program — spending 12% less than the prior year while delivering a 121% revenue increase and 7X+ ROI across Meta and Google.

Formula 1 · 2024 Campaign · Entertainment & Events · Miami, FL

121%Revenue Increase YoY
7X+ROI on Ad Spend
~67%Lower CAC vs Prior Year
<$1Cost Per Lead
~5XInfluencer ROAS

The Formula 1 Miami Grand Prix: A Premium Event With a Complex Marketing Problem

The Formula 1 Crypto.com Miami Grand Prix isn't just a race — it's a cultural event. A premier stop on the global Formula 1 calendar, the Miami Grand Prix attracts fans from around the world to experience the intersection of world-class motorsport, luxury hospitality, and Miami's electric lifestyle. With Crypto.com as the presenting sponsor, the event carries a global brand profile that demands marketing at the highest level — every impression needs to earn its place, and every dollar of ad spend needs to convert.

For the 2024 campaign, F1 Miami brought TNT Growth in to take full ownership of their paid media program — Meta, Google, and influencer marketing — with a mandate that cut straight to the point: grow revenue while spending less than the previous year. Not "improve efficiency." Not "maintain performance." Actively reduce the budget and still grow the top line. It was the kind of brief that separates performance marketers from media buyers.

The campaign carried a structural complexity that made the mandate even more demanding: two entirely different buyer segments, each requiring its own strategy. Grandstand general admission fans — accessible price points, excitement-driven, impulse-responsive, broad targeting. VIP and Luxury Suite buyers — high-ticket hospitality, exclusivity-driven, long consideration windows, personalized creative. Getting both right simultaneously, within a reduced budget, was the challenge TNT Growth accepted.

The Mandate

-12%

Less ad spend. More revenue.

"Achieve more with less — grow revenue while cutting the prior year's budget."

Two Buyer Segments. One Efficiency Mandate. The Challenge of Scaling F1 Miami's Ticket Sales

01

Grandstand Ticket Sales

The general admission audience was price-sensitive and impulse-driven. Campaigns needed to emphasize accessibility, affordability, and the excitement of the F1 experience — while targeting fans of motorsports and adjacent interests like 'motor racing' at scale on Meta.

02

VIP & Luxury Suite Sales

High-ticket hospitality buyers don't convert on the first touchpoint. VIP Suite campaigns required cold lead generation, a longer nurture window, and creative that conveyed exclusivity — video highlights of suites, premium experiences, personalized messaging. Earlier campaign launches were critical to give buyers time to decide.

03

Brand Awareness & Reach

Beyond direct sales, F1 Miami needed to expand cultural reach and brand engagement. The answer: a curated influencer program using creators from Miami's lifestyle, food, and motorsport communities to drive organic reach and feed directly into conversion campaigns.

Strategy

TNT Growth's Paid Social & Search Strategy for F1 Miami Grand Prix Ticket Sales

01 / Paid Social

Meta Ads: Building the Primary Revenue Engine

Meta — Facebook and Instagram combined — was the primary revenue driver for the entire campaign, generating the majority of all ticket sales through Conversion campaigns. TNT Growth began by completely restructuring the campaign architecture, separating Grandstand and VIP Suite buyers into distinct conversion flows — each with its own creative strategy, copy framework, and audience targeting logic. This segmentation was foundational: it prevented audience overlap and allowed each buyer type to receive messaging precisely calibrated to their price point and intent signals.

For Grandstand campaigns, the focus was accessibility and excitement. Creative led with the energy of the F1 experience — the speed, the spectacle, the affordability of general admission. Targeting audiences with affinity for Formula 1, motor racing, and adjacent sports interests, TNT Growth cast a wide but intentional net. Retargeting layers were built on top: email subscribers, site visitors, Instagram engagers, and Facebook custom audiences were all activated as warm pools to convert into first-time buyers.

For VIP Suites, the creative strategy leaned hard into exclusivity and experience. Video ads showcased the suites themselves — the view from above the track, the luxury of the hospitality setup, the atmosphere of watching Formula 1 from a private box. Targeting was tighter, CPMs were higher, but the conversion value of a single suite sale justified the premium spend. This campaign ran with a longer window to accommodate the extended consideration cycle that high-ticket hospitality buyers naturally require.

02 / Paid Search

Google Ads: Capturing High-Intent Demand

Google campaigns played a complementary but essential role — capturing users already in purchase-mode who were actively searching for F1 Miami tickets, hospitality packages, and event information. TNT Growth structured the Google account across three campaign types: Brand campaigns to protect owned search territory, Nonbrand campaigns to capture broader event-interest and high-intent queries, and Performance Max (PMax) to serve as a catch-all conversion layer across Google's full network of Search, Display, YouTube, and Discovery placements.

While Meta drove the majority of ticket volume by creating demand at the top of the funnel, Google ensured that no high-intent search traffic leaked to competitors or went unconverted. Every user who saw an F1 Miami ad on Instagram and then searched Google for tickets would find TNT Growth's campaigns waiting for them — creating a reinforcing loop between the two channels that dramatically increased the efficiency of the combined spend.

03 / Lead Gen

Lead Generation at Scale: <$1 CPL as a Conversion Engine

<$1Average cost per lead across the Meta lead generation program — building a compounding first-party audience at minimal cost

One of the most operationally effective tactics in the entire campaign was a Meta lead generation program that collected thousands of qualified leads at an average cost-per-lead of less than one dollar. Targeting fans with demonstrated affinity for Formula 1 and live events, TNT Growth deployed Meta's native lead form ads to build a growing first-party audience database — creating an owned asset that could be activated across email marketing and retargeting campaigns throughout the entire campaign window.

The lead pipeline became a compounding asset over time. Leads collected in the early weeks of the campaign were nurtured through email sequences and layered into Meta retargeting audiences, where they were served conversion-optimized ads as the event approached. This meant the downstream spend — the ads that actually drove ticket purchases — was operating on warm, pre-qualified audiences rather than cold traffic. The result: dramatically lower CPCs on conversion campaigns, and a measurably higher conversion rate across the full funnel.

04 / Influencer

Influencer Marketing ROI: Turning Authentic Content Into 5X ROAS

TNT Growth built a five-partner influencer program designed to cover the full spectrum of F1 Miami's audience. The critical strategic distinction: rather than treating influencer content purely as a brand awareness play kept in organic channels, the team used creator content directly as Meta conversion ads — putting authentic, high-performing creative into paid distribution to amplify reach and drive measurable ticket revenue.

Creator Roster

itscaroline · F1 lifestyle and Instagram reach
James Coker · Motorsport enthusiasts, Campus Pass focus
Miami Times · Local relevance and broad affordability messaging
CheatDayEats · Festival food culture and Miami lifestyle
FanBehaviorPodcast · Passionate F1 fan community content

The results validated the entire premise: influencer-driven conversion ads delivered nearly 5X ROAS — outperforming standard brand creative across the board. Authentic creator content performed better not because of audience size, but because it matched the native feel of the platform. A video from CheatDayEats showing the festival food scene at the Grand Prix feels organic in a user's Instagram feed in a way that a polished brand ad never can. That authenticity translated directly into lower CPMs, higher click-through rates, and better downstream conversion.

05 / Creative

Creative Strategy: Why Image Ads Outperformed Video

Across all creative formats tested throughout the campaign, image-based ads consistently yielded the highest ROAS. This ran counter to the prevailing assumption in performance marketing that video always wins on Meta — and it's a finding worth sitting with. For an event with an inherently powerful visual identity — F1 cars at speed, the Miami skyline, the opulence of a luxury suite with a track view — static imagery communicated the aspiration instantly and completely. There was no need for 15 seconds of video to build the context that a single strong image conveyed in a fraction of a second.

For the Hospitality campaign specifically, purpose-built image ads targeting VIP buyers achieved 27% higher ROI and 57% lower CAC compared to average campaign performance across the board. The creative direction emphasized the exclusivity of the experience — making prospective VIP buyers feel like insiders before they ever completed a purchase. When the visual communicates "this is a world that not everyone accesses," the conversion copy doesn't have to work as hard. The image does the selling; the copy closes the deal.

27%Higher ROI on VIP Hospitality image ads — with 57% lower CAC versus average campaign performance

Four Campaign Optimizations That Drove Outsized Results

01

Audience Segmentation by Buyer Type

Separating Grandstand and VIP Suite buyers into distinct campaign flows prevented audience overlap and allowed each buyer type to receive messaging tuned to their price sensitivity and consideration timeline. Grandstand campaigns ran with broader targeting and affordability messaging; VIP campaigns ran with tighter audiences, exclusivity creative, and earlier launch windows.

02

Retargeting as a Revenue Multiplier

The <$1 CPL lead generation program wasn't just cheap leads — it was a retargeting engine. Every lead collected fed back into Meta and email conversion flows, allowing TNT Growth to convert warm audiences at dramatically lower CPCs than cold prospecting. Retargeting existing site visitors and email subscribers contributed meaningfully to overall ticket revenue.

03

Creator Content in Paid Distribution

Instead of keeping influencer content in organic channels, TNT Growth whitelisted creator posts and ran them as paid Meta ads. Authentic creator content performs differently than brand creative — lower CPMs, higher engagement rates, and better conversion because it feels native to the feed. This is what drove the ~5X influencer ROAS.

04

Earlier VIP Campaign Launches

VIP and Luxury Suite buyers have longer consideration windows than general admission fans. By recommending earlier ad launches for hospitality campaigns, TNT Growth gave high-value buyers more time to move through the consideration and decision stages — resulting in the 27% higher ROI and 57% lower CAC versus average campaign benchmarks.

The Results: 121% Revenue Growth on a Smaller Budget

The numbers tell the story clearly. Across every key metric — revenue, ROI, acquisition costs, lead volume — the 2024 F1 Miami Grand Prix campaign outperformed the prior year, while spending 12% less. Here's what the full-stack paid media approach delivered:

121%Revenue Increase YoYAchieved while spending 12% less than the 2023 campaign budget.
7X+ROI on Ad SpendCombined Meta and Google campaigns drove millions in ticket revenue.
~67%Reduction in CACCustomer acquisition cost dropped by two-thirds versus the prior year.
<$1Cost Per LeadThousands of qualified leads collected via Meta for email and retargeting activation.
~5XInfluencer ROASCreator-driven conversion ads outperformed standard brand creative across the board.
27%Higher ROI on VIP CampaignsHospitality ads also delivered 57% lower CAC versus average campaign benchmarks.

What Made This Campaign Different: Full-Stack Paid Media Thinking

The 2024 F1 Miami campaign succeeded because TNT Growth approached it as a system, not a collection of ad accounts. Every channel — Meta, Google, influencer — was designed to feed the others. Leads from Meta fueled Google retargeting and email sequences. Influencer content became paid ad creative. Brand campaigns on Google captured the demand that Meta's upper-funnel activity generated. The result was a compounding flywheel that grew more efficient as the campaign ran, with each tactical layer making the others more productive rather than operating in isolation.

The efficiency mandate — spend less, make more — forced the team to prioritize ruthlessly. Instead of running more campaigns, TNT Growth ran better campaigns: tighter audiences, stronger creative, smarter retargeting, earlier VIP launches. The 12% reduction in spend wasn't a constraint that the team worked around — it was a forcing function that made the strategy sharper. When you can't buy your way to results, you have to earn them. This is what full-stack performance marketing looks like in practice: a methodology, not a media plan.

"The 12% reduction in spend wasn't a constraint — it was proof that the methodology works."
— TNT Growth

Ready to Scale?

Stop Leaving Revenue on the Table

Book a free strategy call with our team. We'll show you exactly where the profit is hiding in your current ad spend.

20% Lift Guarantee

We guarantee a 20% lift in conversions within 90 days — or it's free. That's how confident we are in our system.

Schedule a Free Call

No commitment. No pressure. Just a real conversation about growth.