The organisation has a different business model compared to other teams, with the RBT group acting as the parent company of Red Bull Racing, and the latter officially employing just 50 people.
Matters are further complicated by the fact Red Bull Technology (RBT) income stream also includes payment for work undertaken for and parts supplied to AlphaTauri.
In addition, there are four other distinct but related companies operating on the Milton Keynes campus, including two involved in current and future F1 powertrain projects.
RBT declared a turnover of £385.6m, an increase of 13% on the previous year’s figure of £341.9m, while profit after tax rose from £8.6m to £13.4m.
The figures for Red Bull Racing are included in the above group totals. Turnover was £278m, a boost of almost £40m from 2021. Profit after tax was £2m, slightly up on the previous total of £1.3m.
Much of the extra income came the F1 prize fund. While Red Bull was runner-up in the 2021 constructors’ championship, and thus was the second team in line after winner Mercedes in the 2022 prize fund pecking order, the overall pie was bigger.
The team also generated higher sponsorship income, with Oracle joining as title partner at the start of the 2022 season.
The team notes that production costs were lower due to “careful management of spend, strong relative performance and reliability, and limited race event accident damage.”
RBT also says administrative expenses were up in part due to the $7m fine levied by the FIA in October 2022 for a breach of the previous year’s cost cap.
Source: Autosport