Juventus Football Club (JUVE) H1 2025 earnings summary

Executive summary

• First half of 2024/2025 closed with a net profit of €16.9 million, a €112 million improvement year-over-year, driven by higher revenues, UEFA Champions League participation, and cost rationalisation actions.

• Revenues and income rose 53% to €291.6 million, mainly due to audiovisual rights, ticket sales, and player registration rights.

• Operating costs decreased by 5.9% to €193.4 million, reflecting lower player wages, cost control, and a new merchandising agreement.

• Net financial debt increased to €302.3 million, mainly due to investments in the transfer campaign.

• Shareholders' equity rose to €57.1 million, up €16.9 million from June 2024.

Financial highlights

• Net income: €16.9 million profit vs. €95.1 million loss in H1 2023/2024.

• Revenues: €291.6 million, up from €190.6 million year-over-year.

• Operating income reached €31.4 million, reversing a loss of €82.7 million year-over-year.

• Audiovisual and media revenues up 127% to €107.4 million; ticket sales up 50% to €37.1 million.

• Sponsorship and advertising revenues fell 27% to €48.2 million due to lack of a jersey sponsor.

Outlook and guidance

• Operating result for 2024/2025 expected to be around break-even, with significant improvement over 2023/2024.

• Gradual improvement in economic and financial performance anticipated, with positive net result and cash flow targeted for 2026/2027.

• Performance will depend on sports results and transfer campaign outcomes.