Manchester United Q4 revenue falls on lower commercial income

By Reuters News


Overview

  • UK football club's Q4 revenue fell 4% yr/yr, driven by lower commercial and matchday income

  • Q4 adjusted EBITDA declined 23% yr/yr, reflecting fewer matches and absence of UEFA competition

  • Company secured land for planned 100,000-seat stadium, marking a major milestone


Outlook

  • Manchester United sees full-year 2027 revenue of £740 mln to £760 mln

  • Company expects full-year 2027 adjusted EBITDA of £205 mln to £225 mln


Result Drivers

  • COMMERCIAL REVENUE DROP - Q4 commercial revenue fell due to absence of post-season tour and end of training kit sponsorship with Tezos

  • BROADCASTING REVENUE UP - Q4 broadcasting revenue rose on improved Premier League performance, partially offset by lack of UEFA competition

  • MATCHDAY REVENUE DOWN - Q4 matchday revenue declined due to fewer home matches compared to prior year


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted Net Loss

GBP 28.2 mln

Q4 Net Loss

GBP 28.7 mln

Q4 Adjusted EBITDA

Beat

GBP 28.9 mln

GBP 22 mln (1 Analyst)

Q4 Operating Income

-GBP 15 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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