Juventus FC has reported a net loss of €2.5 million for the first six months of the 2025-2026 season, a sharp reversal from the €16.9 million profit recorded during the same period last year. The financial shift comes as the club struggles with an 11% decline in total revenue, which dropped from €291.6 million to €260.6 million.
Revenue Breakdown: Commercial Growth vs. Media Decline
While the club saw a boost in commercial activity, other key sectors faced significant headwinds:
- Audiovisual Rights: Revenue fell to €95.5 million (down from €107.4 million).
- Commercial Area: A bright spot for the club, bringing in €68.7 million, an increase from €53.6 million in the previous first semester.
- Competition Revenue: Dropped to €33.8 million (down roughly €4 million).
- Rights Management: Experienced a steep decline of €25 million, totaling €42 million.
Cost Management and Capital Strength
Despite the losses, Juventus successfully trimmed its expenses by 9%, bringing costs down to €175 million.
- Personnel Costs: Accounted for €110.8 million.
- Amortization: Totaled nearly €75 million.
- Net Equity: Jumped from €13.2 million to €77.9 million, largely due to a €67 million capital increase completed in November 2025.
Strategic Outlook: Tether Offer Rejected
Looking ahead, the club—controlled by the Agnelli family’s Exor holding—expects operating results and cash flow to remain negative through the end of the season.
A major headline in late 2025 was Juventus’s formal rejection of a €1.1 billion takeover offer from Tether, the issuer of the USDT stablecoin. Tether had sought 100% control of the club, but the Agnelli family remains committed to the current ownership structure.