Borussia Dortmund (BVB) Q1 2027 earnings summary

Executive summary

• Q1 revenue edged up to €107.352m, while operating proceeds, EBITDA, EBIT and net profit declined, primarily due to lower transfer income and prior-year comparison effects.

• Sporting start was strong: top of the Bundesliga after four match days with 12 points; opened the UEFA Champions League campaign with a 3–2 win over Villarreal.

Financial highlights

• Revenue was €107.352m vs. €107.020m YoY; consolidated total operating proceeds fell to €141.124m from €175.280m, mainly on lower gross transfer proceeds.

• EBITDA was €40.401m vs. €54.349m; EBIT was €16.135m vs. €26.535m; consolidated net profit was €11.955m vs. €22.943m.

• Free cash flow was €11.707m vs. €16.588m; operating cash flow was €65.634m and investing cash flow was -€53.927m.

• EPS was €0.11 vs. €0.21; total comprehensive income was €13.123m vs. €23.078m.

Outlook and guidance

• FY 2026/2027 forecasts remain unchanged: revenue €485m–€495m; total operating proceeds €530m–€540m; EBITDA €118m–€128m; EBIT €10m–€20m.

• FY net profit forecast is €0m–€10m; free cash flow forecast is -€20m to -€10m.