Packers enjoy another year of record revenue, bolstered by on-field success, TV revenue

SportsAssociated Press

The Green Bay Packers enjoyed another year of record revenue, with the NFL's only publicly-owned team bolstered in part by the windfall from the league's broadcasting contracts.

The Packers said Monday that revenue from the 2015 fiscal year topped $375 million, up 16 percent from the previous year. Revenue from national sources increased by nearly 21 percent to $226 million.

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Team President Mark Murphy said most of the national revenue increase came from the share of profits from broadcasting contracts that kicked in this year.

Expenses grew by nearly 13 percent to $336 million. The Packers listed a net income for the year of $29 million after accounting for costs related to redevelopment and stadium renovation projects.