@Yash While the Mercedes domination DOES get a little boring, I do not think that it is reducing the F1 viewership.
The above image shows the winners of the Constructor’s Trophy for the past 20 years. As you can see, dominancy is not a trait reserved for Mercedes. Every team has had its turn to be dominant- it’s just Mercedes’ turn right now.
Also, Formula 1 isn’t just about the winners of the race. If it were, no one would sit through 2 hours of racing- they would just look up the results after the race
If anything, the viewership has gone up for the 2020 season, after the Netflix show Formula 1: Drive to Survive released its second season on the 28th of February. We live in a world where people, especially the younger generations, prefer watching Netflix over TV. The show is a little dramatized but is an excellent gateway into the world of motorsport. Drive to Survive helped put F1 on the radar of millions of Netflix users across the globe.
Another reason that more and more Millenials and Gen-Z viewers have started watching Formula 1 is the driver lineup, the rookies in particular.
Lando Norris, Charles Leclerc, Alex Albon, and George Russell, known as the “Twitch Quartet of F1”, are fan favorites. Their friendly banter and healthy competition during their Twitch streams has endeared them to fans across the world.
Speaking of friendly banter, I highly recommend subscribing to the McLaren Youtube channel. The driver challenges are bound to have you laughing your heart out, and the Unboxed videos provide a great insight into the behind-the-scenes of the F1 races as well as a better look into the personal lives of the drivers.