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Perez to continue as Red Bull driver after signing new two-year contract extension

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IMOLA, ITALY - MAY 16: Sergio Perez of Mexico and Oracle Red Bull Racing looks on in the garage

Sergio Perez will continue as a Red Bull Racing driver through the 2026 season after the Milton Keynes team confirmed a multi-year extension to the Mexican’s contract.

Perez’s existing deal – signed in 2022 – was set to expire at the end of the current campaign, but Red Bull have moved to keep him onboard for at least the next two terms.

ANALYSIS: Why Red Bull decided to stick with Perez – and what it means for the driver market

It comes amid a particularly busy driver market, with most outfits yet to confirm their full driver line-ups and plenty of conversations taking place behind the scenes.

Perez, though, will be extending his stay at Red Bull into a landmark fifth season and beyond, having joined the squad from Racing Point – now Aston Martin – back in 2021.

Since then, Perez has taken five Grand Prix victories – spread across 2021, 2022 and 2023 – and bagged three pole positions, claimed over the latter two years.

He finished a career-best second behind team mate Max Verstappen in the championship last season, helping Red Bull achieve a maiden one-two result alongside the constructors’ title.

Perez, now 34, said of his renewal: “I am really happy to commit my future to this great team. It is a challenge like no other racing for Oracle Red Bull Racing, both on track and off track.

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“I am delighted to be staying here to continue our journey together and contribute to this team’s great history for two more years. Being part of the team is an immense challenge, and one I love.

“We have a great challenge this year and I have full trust in the whole team that the future is bright here and I am excited to be part of it.

“I want to thank everyone for all the trust they are putting in me, it is a lot and I want to pay it back with excellent results on track, and off track. I think we have a lot of work to do, we have a lot more championships to win together.”

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Red Bull team boss Christian Horner added: “Now is an important time to confirm our line-up for 2025 and we are very pleased to continue working together with Checo.

“Continuity and stability are important for the team and both Checo and Max are a successful and robust partnership, securing our first ever one-two finish for the team in the championship last year.

READ MORE: Horner calls on Red Bull to ‘understand weaknesses’ after challenging Monaco GP weekend

“Checo has had a strong start to 2024 with second places in Bahrain, Saudi Arabia and Japan and then his podium in China. The past few races have been tough, there is convergence on the grid, but we are confident in Checo and look forward to his return to proven form and performance, that we so often see.

“Last year was a unicorn season and we will need to work hard to retain our titles, but we are assured in our line-up and with the team as a whole, which is imperative in what is shaping up to be a close fought championship this year.”

Perez sits fifth in the standings after eight of this season’s 24 rounds, behind Verstappen, the two Ferrari drivers and McLaren’s Lando Norris, while Red Bull lead the Scuderia by 24 points in the constructors’ battle.

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