AC Milan: record revenues of €457m in 2023-24 (+13%) & a 2^nd consecutive profitable year (€4.1m)

AC Milan (Serie A Enilive) posted a record €457m in revenue at the end of the 2023-24 financial year (01/07/2023 to 30/06/2024), up 12.98% on 2022-23 (€404.5m), announced the club following its shareholders' meeting on 28/10/2024.

This is a second successive record in terms of revenue generated for the Italian club, which also posted a net profit for the second year in a row, with a positive result of €4.1m (€6.1m in 2022-23).

"The accelerated financial performance of the club is largely attributed to the combined growth of several revenue streams. Sponsorship revenues increased to €90.5m (+€9.7m compared to 2022-23), driven by the signing of agreements with new counterparts for the current and future seasons. Commercial revenues and royalties also saw an increase, reaching €52.9m (+€6.4m). Player trading activities also contributed significantly to this result, with revenues from player rights increasing by €45.9m compared to the previous season," explained AC Milan.

"It is important to highlight the club's overall positive financial performance, despite a reduction in audiovisual…