Formula 1 is experiencing perhaps the greatest period of growth in its history under the leadership of Liberty Media, which took over the management of the World Championship in 2017.
Numerous initiatives aimed at making F1 more accessible, such as the Netflix series "Drive To Survive," have led to increased popularity of the championship in mass media. The calendar has expanded to 24 Grands Prix, and F1 has forged partnerships with many major brands.
One of the key changes in F1 in recent years has been the introduction of a spending cap, which will be 135 million dollars for the 2024 season. While the main goal of this step is to level the playing field for all teams in terms of spending on car development, it has also made F1 teams more financially viable enterprises.
According to Sportico, in 2024 the valuation of all ten teams will exceed 1 billion dollars, with Ferrari leading at 4.78 billion dollars, having generated revenue of 619 million dollars in 2023.
Haas is at the bottom of the ranking with a revenue of 1.02 billion dollars, while its revenue in 2023 was 184 million dollars. The only team that earned less last year was Williams — 158 million dollars.
The world champion team Red Bull ranks third in the standings with a revenue of 3.5 billion dollars and a revenue of 555 million dollars in 2023.
The complete list of Formula 1 team valuations:
Ferrari — 4.78 billion dollars (revenue of 619 million dollars in 2023)
Mercedes — 3.94 billion dollars (revenue of 680 million dollars in 2023)
Red Bull — 3.5 billion dollars (revenue of 555 million dollars in 2023)
McLaren — 2.65 billion dollars (revenue of 536 million dollars in 2023)
Aston Martin — 2.07 billion dollars (revenue of 304 million dollars in 2023)
Alpine — 1.5 billion dollars (revenue of 311 million dollars in 2023)
Williams — 1.24 billion dollars (revenue of 158 million dollars in 2023)
RB — 1.22 billion dollars (revenue of 226 million dollars in 2023)
Sauber — 1.2 billion dollars (revenue of 189 million dollars in 2023)
Haas — 1.02 billion dollars (revenue of 184 million dollars in 2023)