The Dutchman stopped Hamilton from winning an eighth title with a gutsy turn in the final lap.
Ferrari had all the tools to be successful this season but mistakes and mechanical issue thwarted the team's title ambitions, according to Kimi Raikkonen.
Ferrari chairman Sergio Marchionne said while he supported cost-cutting, there are other strategic issues under discussion that could force Ferrari to consider racing elsewhere.
Lewis Hamilton won a crazy, twice-halted Saudi Arabian Grand Prix for Mercedes on Sunday to go level on points with Red Bull rival Max Verstappen and set up a winner-takes-all title showdown.
Formula One championship leader Sebastian Vettel pumped in a stunning late lap to snatch pole position from team mate Kimi Raikkonen as Ferrari dominated Chinese Grand Prix qualifying on Saturday.
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Hamilton held on for fourth, but slipped from 18 to 32 points behind Verstappen in the championship standings.
Harry Kane scored twice as England stormed into the European Championship semi-finals for the first time in 25 years thrashing Ukraine 4-0 on Saturday to book a clash with Denmark.
Verstappen led from start to finish at Austria's Red Bull Ring, with seven-time world champion Hamilton second for Mercedes.
Valtteri Bottas ended his year-long drought with a dominant victory in Turkey on Sunday while unhappy Mercedes team mate Lewis Hamilton finished fifth and lost the Formula One championship lead to Red Bull's Max Verstappen.
Lewis Hamilton stepped out on to the Italian Grand Prix podium, high above the red tide of Ferrari.
A summary of sports events and sports persons, who made news on Saturday
He and Sebastian Vettel get on well, with the German keen on him staying, and Kimi Raikkonen has shown his loyalty this season by accepting team orders to his detriment.
An ardent fan of F1 driver, Max Verstappen, Yuvraj keenly follows the Scuderia Ferrari Formula1 team.
Lewis Hamilton became the first Formula One driver to win 100 races with a victory in Russia that sent him back on top of the championship.
The German, a four times world champion, was given a 10 second stop-and-go penalty during the race for angrily banging wheels with his Mercedes rival while they were behind the safety car.
Simone Biles's shot at a record five gold medals at the Tokyo Olympics suffered a blow on Sunday when the US gymnast failed to qualify for the final on the asymmetric bars.
He won a high-profile privacy case against the News of the World newspaper in 2008 after it said he had taken part in a "sick Nazi orgy".
Ferrari are giving Sebastian Vettel the Michael Schumacher treatment, according to the German's main title rival Lewis Hamilton.
Ferrari's Kimi Raikkonen took pole position for the showcase Monaco Formula One Grand Prix on Saturday with world championship leading German team mate Sebastian Vettel alongside him on the front row.
Hamilton's team mate Valtteri Bottas finished third, ahead of Ferrari's Charles Leclerc, in a race aimed at providing more thrills for fans over the three days of track action and potentially shaking up the starting grid.
'I think the team has obviously done a really, really great job, a lot of hard work, commitment and... things start to click'
Hamilton's 98th career victory, from his 100th pole position, was his third win in four races
England have the chance to reach a first major final since their 1966 World Cup triumph when they take on Denmark at Wembley in Wednesday's Euro 2020 semi-final, but they will need to banish a history of stumbling at this stage.
Lewis Hamilton has raised his game but whether the Mercedes driver can deny Ferrari a second successive win of the season in China this weekend remains to be seen.
Sebastian Vettel has lived through a number of false dawns at Ferrari but bright sunshine bathed the team's garage after the German's Australian Grand Prix victory on Sunday.
'I think the team's getting stronger, pushing very hard. I think people are fired up and we are motivated for tomorrow'
Past races at Imola have been designated the San Marino Grand Prix but last year's, the first at the circuit since 2006, was called the Emilia Romagna Grand Prix after the surrounding region.
Hamilton decided to take matters into his own hands and pass several cars ahead of him, without gaining anything as Verstappen's time stood the test.
Ferrari unveiled their new Formula One car, the SF70-H, with the minimum of fanfare after a disappointing 2016 season but plenty of hope among fans that the Italian team will return to winning ways.
Formula One leader Max Verstappen passed Mercedes rival Lewis Hamilton on the penultimate lap to win a tense French Grand Prix for Red Bull on Sunday and canter 12 points clear at the top.
Formula One championship leader Max Verstappen lifted himself into a league of his own as he beat title rival Lewis Hamilton to pole position with a blinding lap in qualifying for the French Grand Prix at Circuit Paul Ricard.
The Dutchman won a maiden Formula One title after a last-lap overtake on Mercedes rival Lewis Hamilton in Abu Dhabi.
Red Bull's Max Verstappen won a chaotic and crash-halted Emilia Romagna Grand Prix at Imola on Sunday with Lewis Hamilton second for Mercedes and retaining the lead in the championship by a single point.
What does a fighter pilot feel as he takes off and lands his battle-ready aircraft? Air Commodore Nitin Sathe (retd) takes you through those emotions.
Sebastian Vettel has made clear his future is with Ferrari as Mercedes look to replace newly-retired Formula One world champion Nico Rosberg for next season.
Ferrari's Sebastian Vettel, McLaren's Fernando Alonso and Williams' Valtteri Bottas have all been highlighted in media speculation but 22-year-old German reserve driver Pascal Wehrlein remains the bookmakers' favourite.
Max Verstappen put Red Bull on pole position for Formula One's season-opening Bahrain Grand Prix on Saturday, with seven times world champion Lewis Hamilton alongside on the front row for Mercedes.
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