Pink Bull reported a rise of revenues at its world championship-winning Method 1 group throughout its dominant 2023 marketing campaign.
Nevertheless the group which received the constructors’ title for a sixth time final yr noticed its income fall barely.
The group reported revenues of £307 million for the 2023 monetary yr, a rise of just about £30m in comparison with the earlier interval. Nevertheless Pink Bull’s income fell barely throughout the identical interval, from £2m to £1.2m. The corporate paid no dividends.
The corporate famous that “will increase in the fee base are primarily pushed by success primarily based funds, reflective of the groups efficiency on-track in 2023.” That’s set to repeat this yr, as Pink Bull’s document haul of 860 world championship factors final season meant their entry fee for 2024 elevated to $7.4m (£5.6m). That was greater than the $7m effective they have been instructed to pay in 2022 for exceeding the funds cap when it was launched the yr earlier than.
Pink Bull received all however one of many 22 grands prix held final yr, in addition to 5 out of six dash races. They scored their second consecutive constructors’ championship triumph whereas Max Verstappen took the drivers’ title for the third yr in a row. Staff mate Sergio Perez accomplished Pink Bull’s first ever one-two within the drivers’ championship.
Pink Bull continued their profitable methods firstly of this yr, taking victory in seven of the primary 10 grands prix. Nevertheless a number of of their rivals have gained on them since, Pink Bull have gone eight rounds with out a win they usually misplaced the lead of the constructors’ championship final month for the primary time in two-and-a-half years.
The corporate is in the end owned by Pink Bull Gmbh, the Austrian tender drinks producer. Its administrators are group principal Christian Horner and Pink Bull’s motorsport guide Helmut Marko.
Miss nothing from RaceFans
Get a each day e-mail with all our newest tales – and nothing else. No advertising, no advertisements. Join right here:
Advert | Grow to be a RaceFans supporter and
