Red Bull Racing saw revenue boost in 2023 but meager profit ...Middle East

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Red Bull Racing saw revenue boost in 2023 but meager profit
source : F1 News ( Middle East ) () 56
Red Bull Racing has unveiled its financial report for the 2023 season, a year marked by unprecedented sporting success and a complex financial landscape. Despite dominating the Formula 1 world championship with a record 21 victories and securing their sixth Constructors' title, the team's bottom line experienced a downturn. Red Bull Racing's 2023 revenue reached £307,472 million ($402 million), up from £278,026 million in 2022, marking a 10.6% rise, a boost attributed to increased sponsorship, promotions, prize money, and contributions toward the race program. The team's dominant on-track performances significantly boosted its commercial appeal, drawing in new partners and strengthening exis

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