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Red Bull Racing F1 had turnover of £278m in 2022
Red Bull Racing is enjoying an excellent period in Formula 1. For the second year in a row, they won the constructors' championship, and even for the third year in a row, Max Verstappen won the drivers' title with the Austrian constructor. The team has also got it right in terms of finances, with profits rising considerably in 2022.
Red Bull makes piece more profit in 2022
That things are getting better for Red Bull in Formula 1 after 2023 is clear. In 2021, the Austrian team was able to compete for F1 titles again for the first time after years of Mercedes dominance, winning one of them. In 2022, things went even better as they won both titles with ease. This year proved that things could be even better, as 16 out of 17 Grand Prix wins went to Red Bull Racing, and this time, the titles were secured even more easily.
Red Bull's success was also reflected in the F1 team's finances. Turnover, for instance, rose by over 16 per cent in 2022 compared to the previous year, from around £238 million to £278 million. However, profits went up even more sharply. In this, there was an increase from £1.356 million to £2.057 million, which, when converted into percentages, is an increase of over 51 per cent.
Red Bull Technology's turnover came to around 447 million euros. Profit amounted to 15.5 million euros.