Juventus approved their financial statements for the year ending 30 June 2026 on Tuesday 29 September, confirming a consolidated loss of €66.0m alongside a €42.1m reduction in operating costs.

The deficit was €7.9m worse than the €58.1m recorded a year earlier, though the club says it landed in line with forecasts. Total revenues fell €54.9m to €474.7m, a decline of 10.4 per cent.

Player trading and broadcasting drive the decline

Income from registration rights dropped €51.9m and broadcasting revenue fell €31.9m. Most of the latter is explained by the absence of the €27m earned from the FIFA Club World Cup a year earlier, plus €4.3m less in Serie A audiovisual money after a lower league finish.

There were gains elsewhere. Sponsorship and advertising revenue rose €20.3m to just under €126m once the Stellantis Europe and Visit Detroit deals came into force, while other income climbed €8.1m, largely thanks to a €22m IMG settlement. Juventus also booked non-recurring charges, including the early termination of Igor Tudor’s contract and his staff, Damien Comolli’s departure as CEO in June, player write-downs and the UEFA sanction arising from the Settlement Agreement.

Records off the pitch, another loss expected

Ticket income, the Stadium Tour and the Museum all reached records, average Allianz Stadium occupancy stood at 97.6 per cent, and J Hotel and J Medical posted their best figures since opening. Net financial debt, however, rose €50.9m to €331.1m.

Aerial view of Allianz Stadium with labels for the pitch, sectors, museum, and parking.
Allianz Stadium

Juventus expect another loss in 2026-27, principally because they are competing in the Europa League rather than the Champions League. La Gazzetta dello Sport reports the board has also proposed a €250m capital increase to shareholders on 3 November, with majority shareholder Exor ready to cover its share and advance €60m immediately.

The club insists the €42.1m rationalisation did not touch investment in sporting competitiveness, a claim worth weighing against the headline deficit. Labour remains the biggest single lever, and Dusan Vlahovic’s standing in the Serie A wage rankings keeps the wider bill in focus.

Just as instructive is the exit of Arthur Melo from Juventus, the kind of contract-clearing move these figures are designed to reward. Cost discipline and record commercial numbers have narrowed the problem; they have not yet solved it, and Champions League money next season would do more than any single cut.