Champions League Final 2026 Result: PSG Beat Arsenal on Penalties to Retain Crow
Paris Saint-Germain are back-to-back kings of Europe.
Paris Saint-Germain are back-to-back kings of Europe.
The UEFA Champions League quarter-finals are here, and this week delivers four blockbuster first legs featuring some of the biggest clubs in world football. All four matches kick off at 6:00am AEST, with the return legs scheduled for 14-15 April.
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The UEFA Champions League is the pinnacle of European club football, bringing together the continent’s finest sides in a season-long battle for the most prestigious trophy in the game. The 2025-26 edition marks a new era, with a revamped format that has already delivered drama, upsets, and unforgettable nights under the lights. Whether you’re setting your alarm for an early-morning kick-off or looking for the best markets to back, this is your complete Australian punter’s guide to Champions League betting. For more football betting tips and coverage, explore our soccer hub.
The 2025-26 Champions League introduced a brand-new format, replacing the traditional group stage with a single 36-team league phase. Each club played eight matches against eight different opponents, with seeding pots determining the draw. The top eight in the league phase advanced directly to the Round of 16, while teams finishing ninth to 24th contested a knockout playoff round. Clubs outside the top 24 were eliminated.
The new structure has delivered more high-profile matchups earlier in the competition, with heavyweight clashes no longer reserved for the knockout rounds. The final is done: PSG retained the Champions League, beating Arsenal 1-1 (4-3 on penalties) at the Puskás Aréna, Budapest, on 30 May 2026. Read our full match report → Defending champions PSG came through a brutal two-legged tie with Bayern Munich (5-4 in Paris, 1-1 in Munich; 6-5 on aggregate) — Ousmane Dembélé hit a third-minute opener at the Allianz before Harry Kane’s 94th-minute consolation made it interesting too late. Arsenal joined them via a 1-0 win over Atletico Madrid at the Emirates (2-1 aggregate) through a Bukayo Saka strike — their first Champions League final in 20 years.
| Round | Dates | Format |
|---|---|---|
| League Phase | Sep 2025 – Jan 2026 | 36 teams, 8 matches each |
| Knockout Playoffs | Feb 2026 | Two legs (9th-24th in league phase) |
| Round of 16 | Mar 2026 | Two legs |
| Quarter-Finals | Apr 2026 | Two legs |
| Semi-Finals | Apr – May 2026 | Two legs |
| Final | 30 May 2026 | Single match, Puskas Arena, Budapest |
The quarter-finals delivered drama and upsets across all four ties. PSG dispatched Liverpool 4-0 on aggregate, Atlético Madrid edged Barcelona 3-2 on aggregate in a dramatic all-Spanish clash, Arsenal ground out a professional 1-0 aggregate win over Sporting CP, and Bayern Munich beat Real Madrid 6-4 on aggregate in a tie that produced 10 goals across two legs.
The quarter-finals delivered drama and goals across all four ties, with PSG and Bayern Munich both producing standout performances. First legs were played 7-8 April, second legs 14-15 April. Here is the full results summary, followed by the semi-final draw below.
| Date (AEST) | Home | Away | Venue | Leg |
|---|---|---|---|---|
| Tue 7 Apr, 6:00am | Sporting CP | Arsenal | Estadio Jose Alvalade | 1st Leg |
| Tue 7 Apr, 6:00am | Real Madrid | Bayern Munich | Santiago Bernabeu | 1st Leg |
| Wed 8 Apr, 6:00am | Barcelona | Atletico Madrid | Camp Nou | 1st Leg |
| Wed 8 Apr, 6:00am | PSG | Liverpool | Parc des Princes | 1st Leg |
| Tue 14 Apr, 6:00am | Atletico Madrid | Barcelona | Metropolitano | 2nd Leg |
| Tue 14 Apr, 6:00am | Liverpool | PSG | Anfield | 2nd Leg |
| Wed 15 Apr, 6:00am | Arsenal | Sporting CP | Emirates Stadium | 2nd Leg |
| Wed 15 Apr, 6:00am | Bayern Munich | Real Madrid | Allianz Arena | 2nd Leg |
Sporting CP vs Arsenal (Arsenal advance 1-0 on aggregate) – Arsenal secured a clean sheet and away goal in Lisbon with a disciplined 1-0 first-leg win. The second leg at the Emirates finished 0-0 as Arteta’s side managed the tie professionally, rarely giving Sporting a sniff at goal. Arsenal advance to the semi-finals.
Real Madrid vs Bayern Munich (Bayern advance 6-4 on aggregate) – Bayern won the first leg 2-1 at the Bernabéu, then the second leg at the Allianz Arena produced one of the great Champions League nights: seven goals, four lead changes, and a 94th-minute Olise winner. Arda Güler scored twice for Real Madrid, but Harry Kane, Pavlović, Díaz and Olise saw Bayern through 4-3 on the night and 6-4 on aggregate.
Barcelona vs Atlético Madrid (Atlético advance 3-2 on aggregate) – Atlético produced a Simeone defensive masterclass to win the first leg 2-0 at Camp Nou. Barcelona stormed back through Yamal and Torres to lead the second leg, but Lookman struck for Atlético and Eric García’s red card sealed the tie. Atlético reach their first Champions League semi-final since 2017.
PSG vs Liverpool (PSG advance 4-0 on aggregate) – PSG dominated both legs of this blockbuster tie. After winning 2-0 at the Parc des Princes, they finished the job at Anfield with a 2-0 victory, Ousmane Dembélé scoring twice late on. Liverpool had a penalty overturned by VAR but never seriously threatened the comeback. PSG advance to the semi-finals.
Last updated 16 April 2026. All quarter-final ties decided. Semi-final draw confirmed.
For detailed analysis and results for every tie, see our Champions League quarter-final tips.
Both semi-finals are now decided. Arsenal beat Atletico 2-1 on aggregate; PSG outlasted Bayern 6-5 across two legs. Final: PSG 1-1 Arsenal (4-3 on penalties), 30 May 2026, Puskás Aréna, Budapest — PSG retained the title.
| Tie | 1st Leg | 2nd Leg |
|---|---|---|
| PSG vs Bayern Munich | PSG 5-4 ✅ (Parc des Princes, 28 Apr) | Bayern 1-1 ✅ (Allianz Arena, 6 May) — PSG advance 6-5 agg |
| Atletico Madrid vs Arsenal | 1-1 ✅ (Metropolitano, 29 Apr) | Arsenal 1-0 ✅ (Emirates, 5 May) — Arsenal advance 2-1 agg |
PSG beat Bayern 6-5 on aggregate — into back-to-back finals. The first leg in Paris was a nine-goal record-breaking classic (PSG 5-4) with doubles for both Khvicha Kvaratskhelia and Ousmane Dembélé. The Allianz second leg was the calmer of the two — Dembélé struck inside the third minute and PSG controlled tempo, with Harry Kane’s 94th-minute reply for Bayern coming far too late to overturn the tie. The xG that suggested Bayern’s deserved comeback (Bayern 1.20 vs PSG 0.73 in leg one) didn’t materialise; PSG’s defensive discipline at home in Munich was the difference.
Arsenal beat Atletico 2-1 on aggregate — first CL final in 20 years. After a 1-1 draw at the Metropolitano in the first leg, Arsenal got the job done at the Emirates with a 1-0 win — Bukayo Saka bundled home from four yards late in the first half after Jan Oblak parried a Leandro Trossard drive, and the Gunners held firm through a busy Atletico second half. Mikel Arteta’s side now wait on the Munich result to see who they meet in Budapest on 30 May 2026. The pre-match read held: away goals abolished, Emirates near-impregnable in Europe this season, and Atletico’s historically poor knockout road form all proved decisive.
For our full preview and predictions, see our Champions League semi-final tips.
The Champions League offers an extensive range of betting markets for every match, from straightforward match result wagers to more creative options like Same Game Multis. Here is a breakdown of the most popular markets available with Australian bookmakers.
| Market | Description |
|---|---|
| Match Result (1X2) | Back the home win, draw, or away win in 90 minutes of play. The most common football bet. |
| Both Teams to Score (BTTS) | Bet on whether both sides will find the net. Popular in Champions League ties where attacking quality is high. |
| Over/Under Goals | Wager on the total goals in a match. Over 2.5 goals is the standard line, meaning three or more goals needed. |
| Correct Score | Predict the exact final scoreline. Higher odds due to the difficulty, but rewarding when it lands. |
| First Goalscorer | Pick the player who scores the opening goal of the match. Void if your selection does not feature. |
| Anytime Goalscorer | Back a player to score at any point during the 90 minutes. More forgiving than first goalscorer at shorter odds. |
| Asian Handicap | Level the playing field with a goals handicap. Eliminates the draw option and offers tighter odds on mismatches. |
| Draw No Bet | Back a team to win with your stake returned if the match ends level. A safer alternative to the match result market. |
| Tournament Winner | Back a club to lift the trophy in Budapest. Outright prices shift throughout the competition based on draw and form. |
| Top Goalscorer | Predict the competition’s leading scorer. Typically settled after the final, with dead-heat rules applying. |
Looking to combine multiple selections in one bet? Check out our guide to Same Game Multis, which allow you to bundle match result, goalscorer, and other markets into a single wager at boosted odds.
Not all bookmakers offer the same level of coverage for Champions League matches. When choosing where to place your bets, look for comprehensive market depth, competitive odds, Same Game Multi availability, live betting options, and streaming where possible. Here are our top five picks for Australian punters.
| Bookmaker | CL Coverage | Key Feature | Review |
|---|---|---|---|
| OnlyBets | Full match and outright markets | Brand-new AU-licensed bookie with PayID withdrawals and modern mobile-first design | Onlybets Review |
| Picklebet | Full match and outright markets | Clean interface, fast payouts | Picklebet Review |
| Dabble | Full match and outright markets | Social betting features, SGM builder | Dabble Review |
| Neds | Full match, SGM, and outright markets | Strong SGM range across CL matches | Neds Review |
| Ladbrokes | Extensive match and player prop markets | Deep player prop and goalscorer markets | Ladbrokes Review |
| BetNow | Full match and outright markets | Modern app, PayID withdrawals and competitive odds across all major sports | BetNow Review |
| bet365 | Full match, outright, and in-play markets | Live streaming of Champions League matches in Australia | bet365 Review |
bet365 stands out for Australian punters thanks to its live streaming service, which allows funded account holders to watch Champions League matches directly through the app. This is particularly valuable given the early-morning kick-off times in Australia, where having the stream and betting interface in one place makes live betting seamless. For a full comparison of Australian bookmakers, visit our betting sites Australia guide.
Betting on the Champions League from Australia is straightforward. Follow these five steps to get started.
Step 1: Choose a licensed Australian bookmaker. Select from one of the top-rated bookmakers listed above. All are licensed and regulated by Australian state or territory authorities. Compare market depth and features before signing up.
Step 2: Create your account and verify your identity. Australian regulations require identity verification before you can place a bet. Have your ID ready and allow time for the verification process, which can take anywhere from minutes to a few hours.
Step 3: Deposit funds. Most Australian bookmakers accept bank transfer, debit card, PayID, and POLi. Choose your preferred method and deposit the amount you’re comfortable wagering.
Step 4: Find the Champions League markets. Navigate to the football or soccer section and look for UEFA Champions League. You will find match-by-match markets as well as outright tournament betting. Same Game Multis are typically found within individual match pages.
Step 5: Place your bet. Select your market, enter your stake, and confirm. For live betting during Champions League matches, Australian regulations require bets to be placed via phone with the bookmaker’s live betting team. Pre-match bets can be placed through the app or website at any time.
Champions League matches typically kick off at 6:00am AEST for Australian viewers, with 20:00 UTC start times translating to early mornings on the east coast. During AEDT (October to April first Sunday), the same kick-offs fall at 7:00am, but the April quarter-final and later rounds fall within standard AEST, so plan for 6:00am starts. Check your bookmaker’s app for exact kick-off times and set an alarm.
The Champions League (and its predecessor, the European Cup) has been running since 1955 and has produced some of the most iconic moments in football. A small number of clubs have dominated the trophy cabinet, led by the competition’s most successful side, Real Madrid.
| Club | Titles |
|---|---|
| Real Madrid | 15 |
| AC Milan | 7 |
| Liverpool | 6 |
| Bayern Munich | 6 |
| Barcelona | 5 |
Here is a look at the most recent Champions League finals.
| Season | Winner | Runner-Up | Score | Venue |
|---|---|---|---|---|
| 2025-26 | Final result: PSG 1-1 Arsenal (PSG win 4-3 on penalties) | |||
| 2023-24 | Real Madrid | Borussia Dortmund | 2-0 | Wembley, London |
| 2022-23 | Manchester City | Inter Milan | 1-0 | Ataturk, Istanbul |
| 2021-22 | Real Madrid | Liverpool | 1-0 | Stade de France, Paris |
| 2020-21 | Chelsea | Manchester City | 1-0 | Estadio do Dragao, Porto |
| 2019-20 | Bayern Munich | PSG | 1-0 | Estadio da Luz, Lisbon |
The new format has made the path to the final more unpredictable than ever. With Real Madrid (the reigning champions) needing a comeback against Bayern Munich and Barcelona already eliminated, this season has produced some of the most dramatic Champions League quarter-finals in recent memory. PSG and Atlético Madrid have booked semi-final spots, with two more places still to be decided.
The 2025-26 Champions League final takes place on Saturday 30 May 2026 2026 at the Puskas Arena in Budapest, Hungary. For Australian viewers, kick-off is expected at approximately 6:00am AEST on Thursday 28 May.
Champions League matches typically kick off at 20:00 UTC (9:00pm CET), which translates to 6:00am AEST. During Australian Eastern Daylight Time (AEDT), which runs from the first Sunday of October to the first Sunday of April, kick-offs land at 7:00am. The April quarter-finals onwards are in standard AEST, so expect 6:00am starts.
Stan Sport holds the broadcast rights for the UEFA Champions League in Australia, offering live coverage of every match. Additionally, bet365 may offer in-play features and match visuals for funded account holders, making it a useful companion for live betting during matches.
The 2025-26 Champions League uses a 36-team league phase instead of the traditional group stage. Each team plays eight matches against eight different opponents, determined by seeding pots. The top eight in the league table advance directly to the Round of 16. Teams finishing ninth to 24th enter a knockout playoff round over two legs. Teams 25th to 36th are eliminated. From the Round of 16 onwards, the format follows the traditional two-legged knockout structure through to the final.
Real Madrid have won the Champions League a record 15 times, more than double the next most successful club. AC Milan sit second with seven titles, followed by Liverpool and Bayern Munich on six apiece, and Barcelona with five. Real Madrid’s dominance includes six titles in the 2010s alone, cementing their status as the competition’s all-time greatest side.
For more football tips and multi ideas, check out our football multi tips page.
#AD 18+ T&Cs Apply Imagine what you could be buying instead. For free & confidential support call 180 0858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
#AD 18+ T&Cs Apply Imagine what you could be buying instead. For free & confidential support call 180 0858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
Exclusive 365AUCODE referral code: bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers.18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au