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Barcelona on Tuesday reported post-tax losses for the second successive year after registering a deficit of €17 million ($19.8m) for the 2024-25 season.

It takes the shortfall for the last two seasons to €108m ($125m) after the club posted €91m ($106m) in post-tax losses in ’23-’24.

However, after revenue increased to €994m, ($1.16 billion) up €100m ($116m) on the previous year, Barça said the results continue the “consolidation of the club’s economic recovery” following years of financial struggles.

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The main factors for the rise in turnover are attributed to a new agreement with Nike, a boost in merchandising sales, improved results on the pitch and higher attendances at the Olympic Stadium.

Barça expect that trend to continue next season, with revenue predicted to top €1bn ($1.1bn) thanks to the imminent return to Spotify Camp Nou — claimed to be worth an additional €50m ($58m) to the club this season — and post-tax losses forecast to turn into profits.

Barcelona have yet to return to Spotify Camp Nou. David Ramos/Getty Images

Financial results have been up and down since Joan Laporta was elected as president in 2020.

At the end of his first campaign in charge, 20-21, Barça posted losses of €481m ($560m), largely due to the Covid pandemic, but also because of the board’s decision to write off or devalue certain assets.

Barça then posted profits of €98m ($114m) and €304m ($354m) in the following two seasons, although those gains primarily came after the sale of a percentage of future earnings from domestic television rights.

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