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AUSTRALIAN GP

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Quali. 15 Mar 2025  05:00 - 06:00    |    Race 16 Mar 2025  04:00 - 06:00
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AUSTRALIAN GP

START RACE
Quali. 15 Mar 2025  05:00 - 06:00    |    Race 16 Mar 2025  04:00 - 06:00
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Red Bull Racing's 2023 financial statements have been released

Red Bull Racing Boosts Revenue, But Profits Stumble

04/10/2024

Red Bull Racing’s 2023 financials reveal rising revenues, but profits drop amid increased performance-based costs and penalties.

Red Bull announced an increase in revenue for its Formula 1 team, the reigning world champion, during its dominant 2023 campaign.

However, the team, which claimed the constructors’ title for the sixth time last year, saw its profits decrease slightly.

The team reported revenue of €370 million for the 2023 fiscal year, an increase of nearly €36 million compared to the previous period. However, Red Bull’s profits declined slightly over the same period, falling from €2.4 million to €1.5 million. No dividends were paid.

Red Bull noted that “the rise in the cost base is primarily due to success-based payments, reflecting the team’s performance on track in 2023.” This trend is expected to continue this year, as the team’s record 860 points in the world championship led to an increase in its 2024 entry fees to €7.5 million. This is higher than the €7 million fine they had to pay in 2022 for breaching the budget cap introduced the previous year.

Red Bull Racing's 2023 financial statements have been released

Red Bull Racing’s 2023 financial statements have been released Red Bull Racing’s 2023 financial statements have been released

F1 Standings 2025
F1 Standings 2025
#
Driver
Points
1
Driver Flag
Max Verstappen
Red Bull
0
2
Driver Flag
Lando Norris
McLaren
0
3
Driver Flag
Charles Leclerc
Ferrari
0
4
Driver Flag
Oscar Piastri
McLaren
0
5
Driver Flag
Carlos Sainz
Williams
0
6
Driver Flag
George Russell
Mercedes
0
#
Team
Points
1
McLaren
Norris & Piastri
0
2
Ferrari
Leclerc & Hamilton
0
3
Red Bull
Verstappen & Lawson
0
4
Mercedes
Russell & Antonelli
0
5
Aston Martin
Alonso & Stroll
0
6
Alpine
Gasly & Doohan
0
F1 Calendar 2025
F1 CALENDAR 2025
Race Date
Australia Flag
Australian
Albert Park
16 Mar
China Flag
Chinese
Shanghai International Circuit
23 Mar
Japan Flag
Japanese
Suzuka Circuit
6 Apr
Bahrain Flag
Bahrain
Bahrain International Circuit
13 Apr
Saudi Arabia Flag
Saudi Arabian
Jeddah Street Circuit
20 Apr
FULL CALENDAR
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Australian GP
13 Mar - 16 Mar
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FP1 13 MAR 15:30
FP2 13 MAR 19:00
FP3 14 MAR 15:30
QU 14 MAR 19:00
RACE 15 MAR 18:00
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