Money, Money, Money! F1 revenues up again for 2024

[John S]

Revenues are so big now from F1 that some teams can actually make a profit from their share out after deducting cost cap running expenses. 

No word though about the pittance Liberty/FOM pays to the FIA for all the work they put in.
Reckon it's so small it comes up in the petty cash column as other expenses. 

The F1 goose continues to lay golden eggs as revenue increases for the fourth successive year.

At $3.65bn 2024's revenue was up 18% on 2023's $3.22bn, despite the final quarter being down on the previous year. The $1.16bn achieved in the final three months of 2024 - compared to $1.23 in 2023 - put down to less money incoming from the (F1 promoted) race in Las Vegas.

Payments to teams in 2024 were up 4% from $1.21bn to $1.26.

For individual team payments, these are based on the constructors' standing in 2023, and distributed on a sliding scale.

Consequently, according to our old friend Mat Coch at Speedcafe, this means £140m ($176m) for Red Bull, £131m ($165m) for Mercedes, £122m ($153m) for Ferrari and £113 ($142m) for McLaren, all of which are greater than the $135m (£107.3m) cost cap in 2024.

Aston Martin received £103.9m ($130.7), Alpine £94.9m ($119m), Williams £87m ($109m), RB £78m ($98m), Sauber £69m ($86.8m) and Haas £60m ($75m).

Edited extracts from longer piece courtesy Pitpass.com, 1st March 25.

[Jericoke]

I think it's great that the F1 teams are making money from racing.

I also wonder, if a team like Mercedes is turning a profit before taking on a single sponsor... where is the money from sponsors going?  Just into Toto's pocket?  I don't blame any of the teams for taking in as much money as possible, that's capitalism at its finest, and car companies are the bedrock of capitalism, but it's going to start sending a bad message that fans are paying exorbitant prices to people who already have absurd amounts of money.

[cosworth151]

Remember that the cost cap doesn't include things like payroll for some of the higher priced employees (like Max & Christian at RBR)  and all of the expenses they can keep off the books, they may still be a bit in the red.