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Real Madrid becomes first club to reach €1 billion in revenue

Real Madrid became the first football club in the world to reach €1 billion in revenue, according to the 2023-24 financial report.

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Real Madrid reaches €1 billion in revenue

Excluding player transfers, revenues for the 2023-24 campaign reached €1.073bn, a 27% increase from the previous year.

The LaLiga, UEFA Champions League, and Spanish Super Cup winners closed out the 2023-24 financial year with after-tax profits of €16 million, 32% higher than the previous year’s €12 million.

“This is an unprecedented figure for any football club,” it said in a statement. “The club maintains its sound financial status with a net equity of €574m.

“The club has continued its profitable trajectory year after year since the turn of the century.”

“Every line of business has seen growth, with the exception of broadcasting rights, where revenues received from LaLiga in 2023-24 were lower than in the 2022-23 season.”

More financial growth

Real Madrid is expecting another revenue growth for the 2024-25 financial year after signing France superstar Kylian Mbappe from Paris Saint-Germain.

“The club expects this commercial boost to continue and grow even stronger in the 2024-25 financial year, supported by the image-related benefits derived from both the composition of the playing squad and sporting success, as well as the renovated stadium.”