HomeNewsFinance & LawMulti-sportGlobal

IOC posts revenues of $7.6bn for elongated Olympic cycle

International Olympic Committee president Thomas Bach at the Tokyo 2020 Olympics. (Photo by Carmen Mandato/Getty Images)

The International Olympic Committee has declared revenues of $7.6bn (€7.2bn) for the 2017-21 Olympic cycle after the delayed Tokyo 2020 Olympics helped increase its revenues to $4.2bn for the last calendar year.

The's IOC latest financial report reveals net income of $843.8m during the 12-month period to the end of December. In 2020, it registered a $55m loss after the Tokyo 2020 Olympics were postponed by a year.

You need to have an account to access our content

Find out more about our news, features and services

Already have an account? Sign in here

Related News

Multi-sport
Business

The International Olympic Committee (IOC) has lifted the suspension imposed on the Brazilian Olympic Committee (COB), while it has approved venues at the 2020 summer Olympic Games for road cycling and race walking, and has outlined its intention to take the Youth Olympics to Africa.

Multi-sport
Events

Salt Lake City in Utah, United States, has established a committee to investigate a possible bid for the 2026 or 2030 winter Olympic and Paralympic Games, while the International Olympic Committee (IOC) has spoken of its “disappointment” that Innsbruck will not enter the race to host the 2026 Games.

Multi-sport
Business

The International Olympic Committee (IOC) has said it is open to a third consecutive winter Olympic Games in Asia and has hailed the “extraordinarily successful” commercial programme in place for the 2020 summer Games after reporting that Tokyo has now generated close to $3bn (€2.45bn) in sponsorship revenue.

Esports
Events

The International Olympic Committee and the Singapore National Olympic Council have announced they are “exploring the possibility” of staging a “festival of virtual sports and gaming” in Singapore next ye…