Arsenal post overall loss of £17.7m despite record revenue

The club had a 32% increase in revenue from 2023, going from £466.7m (€563.8m) to £616.6m (€745m) thanks to their return to the Champions League, where they reached the quarter-finals, as well as a strong performance in the Premier League where they finished second.

Wed, 19 Feb, 2025 - 15:26

Rohith Nair

Arsenal made an overall loss of £17.7m (€21.3m) in the 2023-24 financial year despite record revenue after wage costs increased nearly 40% as the Premier League club announced their financial results on Wednesday.

The return to Europe’s top tier tournament meant matchday revenue increased to £131.7m (€159.1m) compared to £102.6m (€123.9m) in the previous year while broadcasting revenue rose to £262.3m (€316.8m).

The club’s wage bill increased to £327.8m (€396m), which was a significant increase from £234.8m (€283.6m) in 2023.

“The increase was mainly driven by investment in player wages in both men’s and women’s teams. There was also an impact from increased commercial and operational headcount,” the club said in a statement.

Renewing and extending their deal with Emirates helped the club’s commercial performance improve to £218.3m (€263.7m).

Arsenal also said they continue to be compliant with all applicable financial sustainability regulations put in place by European soccer body Uefa and the Premier League.

The North London club are second in the league this season, seven points behind Liverpool, while they are also through to the last 16 of the Champions League.

Reuters