Real Madrid Sets Record With Over 1 Billion Euros In Revenue & 16 Million Euros Profit For 2023-24

Real Madrid has achieved a historic milestone, becoming the first football club to surpass 1 billion euros in revenue, with a net profit of 16 million euros for the 2023-24 financial year.

The club’s board of directors unveiled the annual financial accounts in a meeting held on Tuesday.

For the 2023-24 season, Real Madrid reported revenues of 1.073 billion euros, excluding player transfers a remarkable 27% increase from the previous year.

This figure marks the first time any football club has achieved such a revenue benchmark.

According to a club statement, “Operating income before the disposal of fixed assets reached 1,073 million euros, up by 230 million euros or 27% from the 2022/23 financial year. Despite the stadium not being fully operational, the Club has set a new record, exceeding the 1 billion euros mark for operating income before asset disposals.”

The club ended the financial year with a profit after tax of 16 million euros, up 32% from the previous year’s 12 million euros.

Real Madrid’s financial health remains robust, with a net worth of 574 million euros.

In the 2023-24 fiscal year, Real Madrid contributed 277.1 million euros to tax and social security revenues.

Meanwhile, the club’s investment for the year totaled 270 million euros, including capitalized financial costs related to ongoing stadium construction.

The total investment accumulated as of 30 June 2024, stands at 1,163 million euros.

On the field, Real Madrid continued its dominance, clinching the UEFA Champions League title for the sixth time in the 2014-2024 period.

The team also secured the Spanish League and Super Cup titles, further cementing its status as a leading football powerhouse.

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