LaLiga soccer giant Real Madrid generated revenue of €1.07 billion ($1.16 billion based on current exchange rates) for the year ending June 30. This is the highest revenue ever posted by a professional sports franchise in a fiscal year.
The previous high was FC Barcelona, which earned €990 million ($1.07 billion) during the 2018-19 season. The Dallas Cowboys hit 10 figures for the first time during the 2022 season with $1.05 billion.
The total was a 27% increase versus the 2022-23 season, driven by gains in gameday and sponsorship revenue, including the team’s new deal with HP to serve as its sleeve sponsor. Stadium revenue increased following the remodel of the Santiago Bernabéu, which expanded capacity, introduced new VIP experiences and allowed for the facility to host more major events. Every line of business grew, outside of broadcast revenue from LaLiga which declined during the 2023-24 season.
Earnings before interest, taxes, depreciation and amortization was flat for the year at $169 million after player trading. Net income jumped 32%, but it was still only $16.8 million, as depreciation and amortization charges likely chewed up most of the operating profit. Net equity as of June 30 was $620 million.
The results were boosted by the club’s performance on the field this past season, as they won the LaLiga title, the Spanish Cup and the Champions League—the latter for the sixth time in the past 11 years. The results of Real Madrid’s basketball team are also folded into the accounts, and the club won its league, the Copa del Rey and the Spanish Super Cup. The hoops team also reached the EuroLeague final.
Real Madrid ranked second, just behind Manchester United, in Sportico’s May look at the world’s most valuable soccer clubs. Its $6.06 billion estimated value is 13th across all sports.
The club is expecting further strong results for the 2024-25 fiscal year. It just signed Kylian Mbappé on a free transfer from Paris Saint-Germain, and the stadium renovation will also be completed during the season, unlocking the full financial benefits of the update, which includes an investment so far by Madrid of $1.26 billion.
