Ferrari big earner, Red Bull follows: that's how much all F1 teams get!

Formula 1 continues to break records around the world: the number of TV viewers has increased significantly compared to a few years ago, organisers are eager to host a Grand Prix, and the sport's revenues are increasing every year. Liberty Media's annual figures show that Formula 1 earned a whopping $3.222 billion in '23. That is a record amount. The ten F1 teams emphatically share in the profits.

Formula 1 will pay out $1.215 billion to the teams this year. In 2023 it was still 1.157 billion, so there is an increase. But Liberty Media's revenue is at a higher percentage than what the teams get from it. According to Auto, Motor und Sport, this is due to an agreement made in the so-called Concorde Agreement. The percentage of how much of the income is distributed among the participants depends on the turnover. That used to be 66 per cent of the total, but now it is only 63. In other words: more money increases Formula 1's profits disproportionately compared to what the teams receive.

Ferrari makes the most money

Not every team gets paid out equally. The distribution method depends on all sorts of factors. Of course, these include the performance of last season, in which Red Bull Racing won all but one Grand Prix. Past results and the number of years a team has been in the sport also play a role, for example. All these aspects put together mean that Ferrari will receive the most of any team in 2024. The Italian team will receive $208 million, eight more million than a year ago.

Behind Ferrari, Red Bull Racing received the most. Max Verstappen's team can add $184 million to their account (up from $169 million a year earlier). Mercedes - finished second among constructors - follows with $179 million (up from $156 million in 2023). So that's 23 million more, a bigger increase than Red Bull Racing. McLaren gets $117 million from the pot instead of $112 million. Williams, which finished seventh in 2023, made a nice jump in terms of revenue - partly due to its rich history. The British got 17 million more than last year (97 million instead of 80 million). Stake F1 (Sauber) and Alpine actually got paid less.

This is how much the F1 teams get paid out