Content Arsenal Reports Record Revenue with 17.7 Million Loss

Arsenal has achieved club record revenue of 616.6 million for the financial year ending May 31, 2024, although they incurred an overall loss of 17.7 million before tax.

The Gunners’ resurgence in the Champions League helped boost their broadcasting and matchday revenues significantly. They reached the quarter-finals in the 2023-24 campaign, which contributed to a 71.1 million rise in broadcast revenue and an additional 29.1 million from matchdays.

Arsenal placed second in the Premier League under Mikel Arteta’s leadership, while their women’s team finished third in the Womens Super League and won the League Cup.

The club is compliant with all relevant financial sustainability regulations set by UEFA and the Premier League. Their record revenue of 616.6 million represents a 32.1% increase from May 2023, when they reported 466.7 million in revenues.

Despite reporting an overall loss before tax, this figure is down 66% compared to the club’s losses of 52.1 million during the previous financial year (May 2023).

The Champions League return also led to a substantial increase in broadcasting revenue, growing from 191.2 million to 262.3 million, and matchday revenue increased from 102.6 million to 131.7 million.

Wage costs at Arsenal rose significantly by almost 40%, going up from 234.8 million to 327.8 million during the year, driven largely by investments in player wages across both men’s and women’s teams.

The profit derived from player sales and loans increased substantially, reaching 52.4 million compared to 12.2 million previously.

However, net finance charges also rose significantly, climbing from 6.2 million to 18.4 million over the year.

Arsenal highlighted that while player trading profits continue to have a significant impact on profitability, market conditions and reduced liquidity among clubs’ acquisition budgets continued to adversely affect Arsenal’s ability to generate profits during the 2023-24 season.

The club noted positive developments in commercial revenue as well. The renewal and extension of their agreement with Emirates Stadium led the way for other partnerships, boosting this segment from 169.3 million to 218.3 million over the year.