Eagle Football Group (EFG) Q3 24/25 TU earnings summary

Executive summary

• Ticketing revenues rose 23% year-over-year to €31.0m, driven by Europa League participation and new European ticketing income.

• Media and marketing rights increased 28% to €38.1m, with UEFA TV rights offsetting a 40% drop in domestic TV rights.

• Total revenue for the first nine months fell 28% year-over-year to €178.7m, mainly due to lower player trading and absence of prior year non-recurring items.

Financial highlights

• Revenue from player sales dropped 41% year-over-year to €57.2m, reflecting fewer high-value transfers.

• Brand-related revenue declined 60% due to a one-off €26.9m licensing royalty in the prior year.

• Events revenue decreased 58% year-over-year to €11.9m, impacted by asset disposals and fewer major events.

Outlook and guidance

• Further player sales are anticipated in the upcoming summer transfer window, with early activity expected due to the 2025 Club World Cup.

• The club targets European competition qualification for the 2025/2026 season, currently ranked 7th in Ligue 1.

• Additional cash liquidity is expected from the early transfer window and ongoing capitalization initiatives.