Mercedes team reports record profit

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.

Other articles

Charles Leclair: We have no problems with motivation. Charles Leclair: We have no problems with motivation. After the Canadian Grand Prix, Ferrari dropped to third place in the Constructors' Cup, and Charles Leclair's gap from Oscar Piastri increased to 94 points. Charles admitted that the Scuderia's chances of winning the title this season are close to zero. Apple Needed to Create a Camera for the F1 Movie Because Existing Broadcast Cameras Fell Short. Apple Needed to Create a Camera for the F1 Movie Because Existing Broadcast Cameras Fell Short. Apple integrated the internal components of an iPhone into one of the winglets attached to an F1 car's airbox to achieve footage superior to that of traditional television. Formula E: Racers and teams helped clean up the beach Formula E: Racers and teams helped clean up the beach The Formula E racers, along with other employees of their teams, local eco-activists, volunteers and representatives of the race organizers, went to Pantai Beach and worked together to clear the area of debris... Fernando Alonso: Such a film is useful for Formula 1 Fernando Alonso: Such a film is useful for Formula 1 Fernando Alonso was not at the New York premiere of F1, he had more important things to do in Spain, but the two-time world champion has his own opinion about the film... Juan Pablo Montoya: Lando is just too emotional Juan Pablo Montoya: Lando is just too emotional In Canada, McLaren racers collided at the start-finish line of the Montreal circuit, and Juan Pablo Montoya has his own view on what happened... Brad Pitt tested the McLaren Formula 1 in Austin Brad Pitt tested the McLaren Formula 1 in Austin Hollywood star Brad Pitt took part in private Formula 1 tests with McLaren in Austin.

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.