Red Bull Racing’s turnover up by 17% in 2022

Red Bull Racing has declared a 17% increase in revenue generated for 2022, according to the company’s latest accounts.

Red Bull Racing Limited reported a turnover of £278 million in its annual report and financial statements for 2022. The figure in 2021 was £238 million.

“Sporting success in 2022 was exceptional, with the team breaking a series of records on its way to securing both the Drivers' and Constructors' titles,” the Milton Keynes outfit said.

“Commercially, the team’s performance reflects the growing popularity and success of Formula One as a whole and capitalises on the team's success.”

Red Bull also witnessed significant growth in profit after tax. The team’s profit rose from £1.3 million to £2 million, a 52% increase in 2022.