Real Madrid has made history by becoming the first football club to exceed €1 billion in revenue, reaching €1.073 billion ($1.16 billion) for the 2023/24 financial year, a 27% increase from the previous year.
Despite ongoing renovations at the Santiago Bernabéu Stadium, the club reported a profit of €16 million ($17.3 million), with a net worth of €574 million ($623 million) and minimal net debt of €8 million ($8.6 million).
The revenue surge was driven by increased marketing efforts, stadium operations, and new sponsorship deals, including a notable shirt sleeve sponsorship with HP.
While broadcasting revenues from La Liga saw a decline, these factors significantly bolstered the club’s financial performance. The club’s EBITDA rose to €144 million ($156 million), a 71% increase from the previous year.
Real Madrid also enjoyed success on the field, securing multiple titles including the Champions League, La Liga, and the Super Cup.
The ongoing renovation of the Santiago Bernabéu, with a total investment of €1.163 billion ($1.262 billion), is expected to drive further revenue growth upon its completion in the 2024/25 financial year.
The club aims to continue its commercial success with the introduction of Kylian Mbappe to the squad and the completion of stadium renovations.