Real Madrid has released its financial report for the 2023-2024 season, revealing operating income (before the sale of fixed assets) of $1.1 billion, making it the first club in the world to surpass the billion-dollar mark.

"Operating income (before the sale of fixed assets) for the 2023/24 season reached $1.073 billion, an increase of $230 million (27%) compared to the 2022/2023 season. Despite the stadium not being fully operational, the club managed to exceed one billion dollars in operating income before the sale of fixed assets, a milestone no other football club has reached," states Real Madrid.

The club adds, "We closed the 2023/24 season with a net profit of $17.3 million, 32% higher than the previous season ($12 million). The club has consistently generated profits year after year since the beginning of the century, even within an economic context characterized by widespread and significant losses among the majority of major European clubs from 2019/20 to 2022/23, with many clubs still experiencing losses in the 2023/24 season," the statement continues.

"As a result of the profits obtained, the club has been increasing the value of its net assets year after year, reaching $622 million as of June 30, 2024," it notes. Real Madrid points out that "all business lines have recorded growth, except for broadcasting, where income from La Liga in 2023/24 was lower than in 2022/23."

On another note, the club highlights its new sponsorship deal with HP for the shirt sleeve as an important new revenue stream. "Regarding commercial activities, during the 2023/24 season, the club has significantly boosted both 'merchandising' and sponsorship activities, particularly noting the new HP sponsorship deal for the shirt sleeve," it states.

Additionally, the report includes an analysis of the club's debt and investments in the new stadium and player signings. "The club's net debt, excluding the stadium renovation project, stood at $8.6 million as of June 30, 2024."

"During the 2023/24 season, debt increased by $59.6 million due to investments made ($289 million, excluding the renovation project). These investments notably include $259 million in players and the start of construction on the Paseo de la Castellana parking lot, where $16 million has been invested," the report details.

"The completion of the stadium renovation will significantly impact stadium revenue. While revenue already increased during the 2023/24 season, it will be the 2024/25 season when the stadium is fully operational in all its businesses, leading to a significant additional increase in revenue. Naturally, the increase in revenue will also result in a corresponding increase in operating expenses related to the stadium," the report concludes.

Furthermore, Real Madrid reports that the club's contribution to "tax and social security revenues for the 2023/24 season amounted to $300 million."