Liverpool made a pre-tax loss of £57 million ($71.81m) last season with a rise in salaries and overhead costs offsetting increased revenue, the Premier League club said on Friday.
The club's administrative costs rose by £38m to £600m, Liverpool said in their latest financial report for the year to May 31, 2024, attributing it mainly to wages and overhead costs across the club.
While Liverpool's overall revenue rose by £20m to £614m, their media revenue fell by £38m to £204m, with the club absent from the Champions League and playing in the Europa League instead.
The club's matchday revenue increased by £22m to £102m, while commercial revenue went up by £36m to £308m.
"Operating a financially sustainable club continues to be our priority and, with the continued increase in costs, it's essential to grow income streams year on year to maintain financial stability," the club's chief financial officer Jenny Beacham said in a statement.
Liverpool hold a 13-point lead at the top of the Premier League, are in the Champions League round of 16 and will play Newcastle in the Carabao Cup final on March 16.