AGS NEWS – Real Madrid has become the first football club to surpass €1 billion in revenue.

This historic milestone was confirmed by the club’s Board of Directors during a meeting on July 23, where they reviewed the 2023-2024 financial accounts.

In a statement on the club’s website, it was revealed that Real Madrid achieved an operating income of €1.073 billion, a 27% increase from the previous year, despite the Santiago Bernabéu Stadium not being fully operational.

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The statement, titled “Real Madrid Becomes The First Football Club To Exceed One Billion Euros in Revenue,” highlighted key financial and sporting successes.

Real Madrid’s football team had an outstanding season, winning the Champions League, LaLiga, and the Spanish Super Cup.

The basketball team also excelled, winning the League, Copa del Rey, and Spanish Super Cup, and reaching the EuroLeague final.

These achievements significantly boosted the club’s revenue, despite higher costs from squad bonuses.

Commercially, Real Madrid expanded merchandising and sponsorships, including a new sleeve sponsorship deal with HP.

Stadium revenues surged due to new VIP experiences and major events, with further growth expected once renovations are complete in 2024/25.

The club’s operating profit before depreciation (EBITDA) reached €156 million, a 71% year-on-year increase, demonstrating strong management and operational resilience.

The club concluded the financial year with a 32% increase in after-tax profits, amounting to €16 million.

Real Madrid remains financially robust, with a debt-to-equity ratio of 0.0, excluding the stadium renovation project.

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The club’s cash balance stands at €82 million, with undrawn credit facilities of €395 million. Investments in 2023/24 included €239 million in player acquisitions and €16 million for a new car park.

The Santiago Bernabéu Stadium renovation saw a €270 million investment this year, with total expenditures reaching €1.163 billion, set for completion in 2024/25.

Looking ahead, Real Madrid aims to sustain its commercial growth and on-field success, highlighted by the signing of Kylian Mbappé for the upcoming season.

The club’s strategy focuses on sustainable growth, balancing revenue diversification with cost management to maintain profitability and financial stability.

This financial achievement sets a new benchmark in football and underscores Real Madrid’s strategic vision and operational excellence.