AC Milan: a record €404.5m in revenue (+36%) in 2022-23, first profitable year since 2006 (€6.1m)

AC Milan (Serie A TIM) have posted a record €404.5m in revenue for the 2022-23 financial year (from 01/07/2022 to 30/06/2023), up 36% on 2021-22 (€297.6m), announced the club following its shareholders' meeting on 23/10/2023. The Italian club has also posted a net profit for the first time since 2006, i.e. in 17 years, with a positive result of €6.1m (compared to a net loss of €66.5m in 2021-22).

"The positive acceleration of the club's economic performance was primarily supported by the growth in commercial revenues and sponsorships of €44.4m, from the increase generated by media and TV rights of €41.8m (mainly due to the Rossoneri reaching the Champions League semifinals) and finally, an increase in matchday and season ticket revenue, which saw a growth of €40.3m," said the club.

"Following an initial recovery and relaunch chapter, AC Milan is now undergoing a new and important evolution phase under the leadership of RedBird Capital, setting the Club on an ideal path to continue its growth and compete at an international level," added AC Milan.

The club also benefited from "the…