Real Madrid have become the first football side to generate €1 billion ($1.04 billion) revenue in a season, Anadolu Agency reported citing the annual Deloitte Football Money League report.

"Cumulatively, the Money League clubs in 2023/24 generated a record €11.2 billion, an increase of 6% over the 2022/23 season, with record matchday, commercial and broadcast revenues,” said the report. “In 2023/24, the average Money League club generated €560m, comprised of €244m (44%) commercial revenue, €213m (38%) broadcast revenue, and €103m (18%) matchday revenue.”

Deloitte added that Real Madrid, with the renovation of its Santiago Bernabeu Stadium, boosted its ticket revenues 103% to €248 million. The club also earned €316 million from broadcast rights and €482 million from sponsorship agreements.

Having finished out last season with €831 million in revenue, Real Madrid surpassed the €1 billion mark this season, jumping 26%.

According to the latest Deloitte Football Money League report, Manchester City ranked second with €838 million, while Paris Saint-Germain secured third place with €806 million in revenues.