English Premier League champions Manchester City drew in record revenue of £535.2 million ($693 million) in a fifth consecutive year of profitability in 2018-19, the club said in an annual report published on Tuesday.
Record-breaking broadcast revenue was the main driver of City's overall revenue growth, rising 19.7% year-on-year, largely due to the club's Champions League participation.
The club reported a profit of £10.1m and a wage/revenue ratio of 59%.
It was City's 11th straight year of revenue growth under the ownership of Abu Dhabi royal family, and they continue to close the gap on local rivals Manchester United, the Premier League's richest club.