Liverpool made an annual pre-tax loss of £57m up to 31 May 2024 - £48m more than they lost in the previous 12 months.
However, the Premier League's club overall revenue rose by £20m to £614m in 2023-24, and its commercial income increased by £36m to £308m.
It is the first time Liverpool have reported commercial revenue of more than £300m in their annual financial accounts and mainly due to growth in partnerships and retail.
The 2023-24 period covered Jurgen Klopp's last season as manager, in which the Reds won the Carabao Cup, finished third in the Premier League and reached the quarter-finals of the FA Cup and Europa League.