Barcelona saw their profits drop for the 2018/19 campaign despite bringing in a record amount of revenue for the sixth season running, reports, www.sportspromedia.com/.

The La Liga champions, who last year said they wanted to make €1 billion (US$1.104 billion) in revenues by 2021, recorded income of €990 million (US$1.1 billion) for the 2018/19 season, up from the €914 million they made during the previous campaign.

It is the second consecutive season that Barcelona have broken the billion-dollar mark after becoming the first sports team to do so last campaign.

However, the club's spending soared to €973 million (US$1.075 billion), with their pre-tax operating profit dropping to €17 million (US$18.8 million) compared to the €20 million (US$22.1 million) they posted last season.

'The club has achieved its highest revenue ever and it's important to highlight that the income is €30 million more than the budgeted figure of €960 million,' Barcelona said in a statement released to ESPN. 'It is in line with the club's strategic plan to generate an annual turnover of €1 billion by 2021.'