Arsenal's financial results for the 2019–20 season showed an after tax loss of £47.8m, due in part to the impact of the COVID-19 pandemic. The Deloitte Football Money League is a publication that homogenises and compares clubs' annual revenue. Deloitte put Arsenal's footballing revenue in 2019 at £392.7m (€445.6m), ranking Arsenal eleventh among world football clubs. Arsenal and Deloitte both listed the match day revenue generated in 2019 by the Emirates Stadium as €109.2m (£96.2m).