Juventus Football Club (JUVE) H2 2024 earnings summary

Executive summary

• Consolidated loss of €199.2 million for FY 2023/2024, a €75.5 million increase year-over-year, mainly due to non-participation in UEFA competitions and non-recurring costs.

• Net financial debt reduced by €97.1 million to €242.8 million, driven by a share capital increase and assignment of receivables.

• Strategic Plan targets for 2024/2025–2026/2027 confirmed, with break-even operating income and cash flow expected in 2024/2025.

• Participation in five competitions in 2024/2025, including UEFA Champions League and FIFA Club World Cup, expected to boost revenues.

Financial highlights

• Revenues and income fell 22.3% to €394.6 million; UEFA audiovisual revenues and ticket sales dropped 99.9% to €0.1 million.

• Operating costs decreased 6.4% to €400.1 million; non-recurring costs rose to €16.7 million.

• Net amortisation, depreciation, and provisions down 5.2% to €169.9 million; non-recurring items increased to €19.2 million.

• Net loss of €199.2 million, compared to €123.7 million loss in prior year.

• Shareholders' equity at €40.2 million, down 4.5% year-over-year.

Outlook and guidance

• Operating result and cash flow expected to reach break-even in 2024/2025, with gradual improvement and positive net result targeted for 2026/2027.

• Revenue normalization anticipated due to return to UEFA Champions League and cost rationalization.

• Season ticket sales up 11.6% to 19,200, with revenues rising 29% to €33.2 million.