David Rosenthal: belief

Transcript context

…At least break even or close to break even businesses. Now, there are some outliers toward the front of the grid, like you were saying. Mercedes does $800 million in revenue now. Ferrari 670, McLaren somewhere right in that neighborhood too, around $650 to $700, $420 for Red Bull Racing. 15 years ago, all four of those teams were operating at a loss. And 10 years ago, most of them were operating at a loss. Yeah, it's interesting. Back to your point earlier about Red Bull strategy, they could be making much more, I think. And they intentionally choose not to. That's exactly right. They try to keep their profit margin, their operating margin, at 1% or less. McLaren now does $70-ish million in profit. Ferrari does about $80 million. But the real outlier, Mercedes does an estimated $200 million in operating income from Formula 1 now.…

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