The Mexican driver has been under pressure throughout his Red Bull career, which has stuttered and failed to truly take off since his arrival at Milton Keynes in 2021.
Red Bull's announcement has been met with a range of reactions. Many fans were surprised to see Perez offered a new deal, especially with the veteran's recent struggles.
On social media, some fans were cynical enough to congratulate Ferrari on Perez's extension, suggesting that Red Bull opting to stick with the Mexican could bode well for the Scuderia.
Congratulations Scuderia Ferrari HP for winning the World Constructors Championship from 2024 to 2026 👏
— F1 Portrayed By Top Gear (@TopGearFormula1) June 4, 2024
Perez, or 'Checo', remains a popular driver, and other fans were happier to hear the news. "Two more years of emotional instability," one posted on Instagram. "I love you Checo.