Overview

• Formula One World Championship Limited reported a £251.7m profit for 2024, a 5% decline from 2023.
• Turnover at the commercial rights holder rose about 9% to more than £2.1bn, driven by media rights and race promotion fees.
• Formula One Management Limited posted a 2024 pre-tax profit of £19.9m, up 14% year on year.
• Red Bull Racing Limited’s revenue increased to £314.409m with profit after tax of £1.681m, up from £1.296m in 2023.
• Red Bull credited Verstappen’s fourth straight title and stronger partnerships—including Visa, a record Castore deal, and long-term commitments from AT&T, Tag Heuer and Exxon—while the accounts note Christian Horner earned £7.046m in 2024 and his 2025 exit involved a reported large payoff.