From Forbes data:
2021 was the most profitable year in recent history (I have the data back to the 2000's in a sheet somewhere and it is the most in that time). 2020 was a loss, but it was for everybody. That 2019 stinker was the next highest, they profited in 2018, were in the red in 16 and 17, and you can see the contending period before that.
I anticipate this year being pretty solid. New local and national TV deals will pump more money that will offset the money that was lit on fire in free agency.