Mercedes team reports record profit

      The Mercedes Formula 1 team has published financial results for 2024. Last season, which was Lewis Hamilton's last for the Brackley team, Mercedes made record profits.

      After taxes, the team's profit amounted to a record 120,344,000 pounds, which is 36,498,000 more than in 2023. The financial report signed by Toto Wolff states that in 2024, the team's revenues from sponsorship and royalties increased by more than 60% compared to the previous year.

      The team's turnover increased by 89,575,000 pounds, amounting to 636,025,000 pounds. Compared to 2023, last year the team's expenses increased from 413,671,000 pounds to 448,793,000 pounds. This increase is due to the holding of two additional Grand Prix events in 2024 compared to 2023.

      In 2024, the Mercedes team paid taxes in the amount of 42 702 000 pounds.