Horner set to receive at least UK£52m in severanceRed Bull have recorded a total profit of UK£7.1m over past five years

The Red Bull Formula One team recorded a profit of UK£1.68 million (US$2.27 million) for the year ended 31st December 2024.

That marks a 29.7 per cent increase on the previous year’s profit of UK£1.3 million (US$1.7 million), continuing the trend of the Milton Keynes-based outfit posting relatively modest profits.

Over the past five years, Red Bull have accumulated total profits of UK£7.11 million (US$9.61 million), a figure smaller than Alpine and Haas (excluding their 2024 results). Nonetheless, Red Bull managed to remain profitable while Aston Martin, McLaren and Williams each recorded net losses over the same period.

Mercedes are the only other team to have published their 2024 financial results so far, reporting profits of UK£376.38 million (US$508.48 million) across the last five years.

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Red Bull’s tight profit margins may be tested in their next set of full-year results after it was revealed that former team principal Christian Horner has received one of the largest payouts in sports history.

The 51-year-old was dismissed in July, 17 months after being accused by a female colleague of “inappropriate behaviour”, allegations from which he was twice cleared by parent company Red Bull GmbH. Reports of the settlement vary, ranging from UK£52 million (US$70.3 million) to UK£90 million (US$122 million).

Red Bull’s turnover has remained relatively stable over the past five years, reaching UK£314.4 million (US$425 million) in 2024 and UK£290.7 million (US$393 million) in 2023, reflecting only marginal year-over-year  (YoY) changes.

The sharpest increase came in administrative expenses, which rose 37.5 per cent in 2024 to UK£22.97 million (US$31.03 million). Even so, Red Bull continue to report some of the lowest administrative costs of any Formula One team.

The team attributed recent gains to strong commercial performance, led by a new partnership with Visa. The apparel deal with Castore was described as ‘record-breaking’ in F1 for both scale and duration, while significant extensions were also signed with AT&T, Tag Heuer and Exxon.