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McLaren Racing enjoys surge in profits amid on-track resurgence
©McLaren Phillip van Osten
02/10/2024 at 08:4902/10/2024 at 09:52 McLaren Racing has reported a dramatic financial upswing for 2023, reflecting not only its revitalized on-track performance but also the strategic business decisions that have reshaped team papaya in recent years. For its fiscal year 2023, McLaren announced in its annual financial report filed with the UK’s Companies House a significant 31% increase in revenue compared to 2022, generating £431 million ($573 million) during the fiscal year. More notably, McLaren turned around its financial fortunes, shifting from a £9 million loss in 2022 to an impressive £30.4 million ($40 million) profit in 2023. This surge in...
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