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Manchester United Quarterly Revenue Falls; Club Sees Stronger Fiscal 2027 Topline Growth

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Manchester United Quarterly Revenue Falls; Club Sees Stronger Fiscal 2027 Topline Growth

Manchester United's (MANU) fourth-quarter revenue declined year over year partly because of the phasing of games it played in the English Premier League, although the soccer club expects stronger topline growth in the current fiscal year than the previous one.

The franchise reported revenue of 157.5 million British pounds ($208.9 million) for the quarter ended June, down from 164.1 million pounds the year before. The club played seven matches in the 2025-2026 Premier League season during the fourth quarter, compared with nine in the same period the previous season.

The prior-year quarter also included a post-season tour to Malaysia and Hong Kong, Manchester United said. In addition, the men's first team did not participate in the Union of European Football Associations competition in the current year, while it reached the UEFA Europa League final in the prior year.

The company's New York Stock Exchange-listed shares fell 2.2% in Wednesday trade, reducing its year-to-date gain to 26%.

For fiscal 2027, the club expects revenue between 740 million pounds and 760 million pounds. In the previous year, revenue rose 1.7% annually to 677.6 million pounds, the company said.

Adjusted earnings before interest, taxes, depreciation and amortization are pegged at 205 million pounds to 225 million pounds for the ongoing fiscal year. The metric advanced 18% to 216.4 million pounds in fiscal 2026.

"We are pleased to have secured record (full-year) revenues and adjusted EBITDA which demonstrates the underlying strength of our business, particularly in a season without European football," Chief Executive Omar Berrada said in an earnings release. "While these results confirm that we are on the right trajectory, we will continue to take a disciplined approach to ensure our finances remain sustainable."

In the fourth quarter, broadcasting revenue jumped 28% on a yearly basis to 49.7 million pounds, buoyed by an improved performance by the men's team in the Premier League. Matchday revenue decreased 4.3% to 35.6 million pounds, while commercial revenue dropped 18% to 72.2 million pounds.

Manchester United's adjusted loss widened to 0.1636 pounds per share from 0.0316 pounds in the 2025 quarter.

Berrada said the club has secured the land for the proposed location of its 100,000-seater stadium.

Last month, Madison Square Garden Sports (MSGS), which owns the New York Knicks and the New York Rangers, reported 37% annual fourth-quarter revenue growth. TKO Group (TKO), whose businesses include mixed martial arts organization Ultimate Fighting Championship and sports entertainment company WWE, posted a revenue increase of 18% for the second quarter.

Price: $20.08, Change: $-0.43, Percent Change: -2.10%

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