Real Madrid reports record revenue of €1.221 billion for the 2025/2026 season, according to reports by The Punch and Vanguard. Both outlets say the figure represents a new high for the club, despite the team not winning any trophies during the period. The reports state that the club’s revenue amounts to €1.221 billion, with Vanguard also citing an equivalent value of about $1.39 billion. The articles frame the announcement as notable because the club’s on-field results are described as struggling or trophy-less, yet the financial performance remains strong. Both sources present the revenue figure as the key headline number and highlight the contrast between commercial success and the lack of silverware. The reports do not attribute the revenue to specific streams in the provided text, focusing instead on the final reported total and the fact that trophies were not won. Real Madrid’s statement, as reflected in these articles, therefore emphasizes financial achievement alongside a challenging season from a sporting standpoint.