Real Madrid’s 2022/2023 Year-End Income Exceeds Pre-Pandemic Levels

< boardofdirectors >
< president >Florentino Perez
< h1 >Real Madrid Reports Record Operating Income for 2022/2023
< p >The Board of Directors, led by club President Florentino Perez, is pleased to announce the finalized accounts for the 2022/2023 year-end financial reporting. The highlight of the report is the club’s operating income, which has exceeded pre-pandemic levels. Despite limited capacity at the stadium due to ongoing remodeling, Real Madrid achieved a remarkable increase of 17% compared to the previous year, reaching a total of 843 million euros.
< p >This growth was seen across various areas, with notable improvements in marketing and commercial income, which saw a substantial increase of 12% compared to the prior season. Real Madrid’s official website proudly showcases this achievement.
< p >The future looks even brighter for the club, as the expectation is that stadium income will grow exponentially in the coming years. The 2024/2025 season is marked as a significant milestone, with the completion of the stadium remodel and the inclusion of outside events such as concerts, NFL games, tennis matches, NBA games, parking, and more. These additional revenue streams are projected to further enhance the club’s income.
< p >The club has also been successful in managing its expenses, particularly personnel expenses. With the departure of big contracts like Eden Hazard and Karim Benzema, personnel expenses have drastically reduced in the 2022/2023 season. UEFA recommends that expenses should not exceed 70% of total generated income, giving room for unforeseen expenses or income shifts. Real Madrid has managed to bring down their ratio from 72% in the previous season to an impressive 54% in the current year.
< p >Real Madrid’s EBITDA (earnings before interest, tax, depreciation, and amortization) remains healthy and in line with the previous year’s earnings. In the 2022/2023 season, EBITDA reached 158 million euros, slightly lower than the previous year’s 203 million euros. However, it’s important to note that the lower figure is primarily due to a one-time cash injection by Legends – Sixth Street in the previous season.
< p >After accounting for taxes and all expenses, Real Madrid has turned a profit of 12 million euros. This is a remarkable accomplishment, especially in the post-pandemic era of club football finances. Under the leadership of Florentino Perez, Real Madrid continues to lay a solid financial foundation that enables greater investment in infrastructure, players, club employees, and commercial ventures. This strong financial base sets the stage for continued sporting success both now and in the future.

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