According to its reported results, Real Madrid has become the first football club to generate annual revenues in excess of €1 billion.
Prior to profit/loss on disposal of fixed assets, revenues for 2023/24 reached €1.0732 billion, to be exact, up 27.3 percent from the €843.0 million of the previous season. Ebitda was €156.3 million, down 0.8 percent, while profit after tax was €15.6 million, up 32.2 percent.
“Every line of business has seen growth,” the club says, “with the exception of broadcasting rights. […] The gains in marketing and the stadium are particularly notable.”
The stadium is in fact under renovation, the club having invested €892.7 million in 2022/23 and €1.163 billion in 2023/24. Stadium project aside, the club’s debt-to-equity ratio stood at 0.0 on June 30, 2024 – “reflecting,” the club says, “a situation of absolute solvency and financial autonomy.”
With the exception 2019/20 and 2020/21 seasons, when much of the world shut down, club annual revenue has been on a steady climb since at least the start of the century. It was €118 million in 1999/2000.
