Also income and revenue mean different things. Generally, income is generated by a person while revenue is generated by a business. You can say a business generates income but it implies that it is generating income for someone/s. You would say: "I have good income" "I earn a good income" "We are a high/low income family" "My business generates great revenue" "My business provides/generates good income for myself and my employees" "Starbuck's revenues are very high this year"

These are all okay but personally, I would use "generate".