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Manchester United Raises Revenue Guidance, Swings to Quarterly Profit; Shares Soar

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Manchester United Raises Revenue Guidance, Swings to Quarterly Profit; Shares Soar

Manchester United (MANU) on Wednesday raised its full-year top-line outlook as the UK soccer club posted double-digit growth in fiscal third-quarter revenue year over year, helping it swing to earnings.

For fiscal 2026, the franchise now expects revenue of 655 million British pounds ($879.6 million) to 665 million pounds, compared with the previous guidance range of 640 million pounds to 660 million pounds. Three analysts in a FactSet poll are looking for full-year revenue of 653.4 million pounds. The company previously reported total sales of 666.5 million pounds for the year ended June 30.

Adjusted earnings before interest, taxes, depreciation and amortization are now guided at 200 million pounds to 210 million pounds for the current year, up from the previous range of 180 million pounds to 200 million pounds.

For the quarter ended March 31, the franchise reported an 18% year-over-year increase in revenue to 189.5 million pounds. It posted adjusted per-share earnings of 0.0295 pounds, compared with a loss of 0.0319 pounds a year earlier.

Manchester United's New York Stock Exchange-listed shares were up 12% intraday. The stock has advanced by 40% since the start of the year.

Revenue from broadcasting surged 57% annually to 64.9 million pounds due the men's first team logging a higher finish in the English Premier League in the 2025-2026 season versus the prior season, as well as an increased value of the league's international broadcasting rights cycle.

Commercial revenue increased 10% to 82.4 million pounds as gains in retail, merchandising, apparel and product licensing more than offset a decline in sponsorship revenue. Matchday revenue declined 5.2% to 42.2 million pounds amid three fewer home matches in the quarter.

Price: $22.20, Change: $+2.48, Percent Change: +12.58%

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