News Details
Red Bull team produced £385 million in revenue in 2022
Red Bull Technology Ltd, the company that operates the Red Bull Racing F1 team, increased its revenue to £385 million in 2022. The number represented a 13% boost to its turnover compared to 2021 when it generated £341 million in revenue and left the company with a net after-tax profit of £12.7 million which was a slight decrease compared to 2021 when it earned 13.7 million. Among RBT’s income stream is embedded the revenue sourced from AlphaTauri to which the group supplies parts and components. Digging into the numbers and isolating the figures associated with its Red Bull Racing subsidiary, the racing team generated £278 million of revenue – a boost of almost £40 million from...
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