Juventus topped the 2012-13 Champions League prize money table, collecting more than €65.3 million (HK$668 million) from Uefa despite losing in the quarter-finals to eventual winners Bayern Munich.
Uefa published figures on Tuesday showing that Bayern received €55 million in payments and bonuses, edging beaten finalist Borussia Dortmund (€54.16 million).
Uefa pays €904.6 million in group-stage payments to 32 teams in the first of a three-year cycle of commercial contracts.
Juventus were helped to the top by a near-€45 million share of Italian broadcast rights. AC Milan, beaten in the last-16 by Barcelona, collected €51.4 million.
The two Italian powers cashed in as the only Serie A clubs to reach the group stage - boosting their income for Uefa's "financial fair play" calculations, which require clubs to aim toward breaking even on their soccer business. In recent years, Italian clubs have struggled to match the earnings streams of the biggest clubs in England, Germany and Spain.
Real Madrid got €48.4 million from Uefa, and fellow semi-finalists Barcelona got €45.5 million. In sixth place were Paris Saint-Germain, receiving €44.7 million.
Manchester United, another last-16 loser, topped English clubs in the Champions League with €35.5 million.
However, Chelsea earned more in total when their Uefa payments for a winning run to the Europa League title were added. Chelsea got €30.7 million from the Champions League and, after failing to advance from their group, added an extra €10.7 million from joining the second-tier competition.
Chelsea had been the biggest Champions League earners the previous season when their title run earned €59.9 million.
Arsenal collected €33.5 million in total for reaching the Champions League last 16, adding €31.4 million from the group stage to an earlier play-off-round fee of €2.1 million.
Manchester City, who finished last in their group, received €28.7 million from Uefa.
The lowest earner among Champions League teams were Dinamo Zagreb, who failed to win a match and collected €10.5 million.
BATE Borisov received €10.89 million, including a relatively tiny €290,000 as their share of television payments from the Belarus rights deal.
All 32 teams got a basic €8.6 million for reaching the group stage, and then earned €1 million per win and €500,000 for each draw. Payments steadily increased for each knockout round.
The Champions League also subsidised the Europa League for the first time, allowing Uefa to distribute €209 million from the group stage onwards to the second-tier competition.
Fenerbahce, which reached the semi-finals, got the biggest payment with €11.18 million.
Liverpool, five-time European champions, got €5.03 million from their Europa League last-32 run. Liverpool did not qualify for Uefa competitions this season, further widening the revenue gap to their top English rivals.