Red Bull signs Perez to 2-year extension

SHANGHAI, CHINA - APRIL 21: Third placed Sergio Perez of Mexico and Oracle Red Bull Racing celebrates with trophy on the podium during the F1 Grand Prix of China at Shanghai International Circuit on April 21, 2024 in Shanghai, China.
Fred Lee / Getty Images Sport / Getty

Red Bull Racing and driver Sergio Perez agreed to a two-year contract extension through the 2026 season, the team announced Tuesday.

"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," Perez said in a team statement. "I think we have a lot of work to do, we have a lot more championships to win together."

The 34-year-old Mexican won five of his six F1 career wins at Red Bull. He also paired with three-time world champion Max Verstappen to help the team win the constructors' championship in 2022 and 2023.

Perez hasn't won a race this season but sits in fifth in the driver standings. His last victory was at the Azerbaijan Grand Prix in April 2023.

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