Red Bull Racing 2023 Financial Report: Revenue Soars to £307.47 Million Despite Profit Decline

The latest financial report of the Red Bull Racing team is for 2023.

Championship team revenue rose to £307.47 million, up from £278.03 million a year earlier. However, profits fell from £24.9 million in 2022 to £19.69 million in 2023.

Other interesting figures in the report include executive salaries. So last year, Red Bull Racing paid 7 million pounds to one director and 190 thousand pounds to another. As you know, there are two leaders in the team – Christian Horner and Helmut Marko.

The report said the team made seven new partnerships last year, five of which were with US companies. In addition to the new partners, the team has extended contracts with four other old partners, two of which are for four years.