Mercedes Reveals Strong Financial Results for 2024
The Mercedes-AMG Petronas Formula One Team has published its financial results for 2024. Previously, it was reported that Lewis Hamilton had brought record revenue to the team during his tenure.
According to the financial statement signed by team principal Toto Wolff, sponsorship and licensing revenues increased by more than 60% compared to the previous year, RaceBrief.com reports.
The German team’s total revenue rose by £89,575,000, reaching £636,025,000. This significant growth is partly attributed to the addition of two extra Grands Prix in the 2024 season compared to 2023.
