Packers see revenue increase despite losing season

Packers see revenue increase despite losing season
Posted at 8:19 PM, Jul 16, 2018
and last updated 2018-07-17 09:35:21-04

According to the annual financial report from the team, the Packers saw a nearly five percent increase in national revenue.

Local revenue on the other hand, only saw a point eight percent spike.

Packers President and CEO Mark Murphy says part of it was the team missing the post season.

“For a number of years, we've had home playoff games, so we didn't have that, and you know, quite honestly, games later in the year in December, it was just fewer people were here, we saw fewer hall of fame visits, fewer tours,” said Murphy.

Murphy says it’s the addition of more seats, the Johnsonville Tailgate Village and the Titletown District has also helped boost revenue.

The team says they'll keep this game plan.

“Continue to invest in the stadium, the fan experience, we are very fortunate with a long term collected bargaining agreement, we've been in a position where we've been able to invest in the community,” said Murphy.

The team did see a decrease in net income, because last year NFL teams got relocation from the Chargers, Tams and Raiders.

Here is a look at the numbers from the 2018 Fiscal Report:

National Revenue:            Local Revenue:               Net Income:

2018: $255. 9 Million        2018: $199 Million         2018: $38.6 Million

2017: $244 Million             2017: $194. Million        2017: $72.8 Million