Research analysts who have asked questions during Manchester United earnings calls.
Recent press releases and 8-K filings for MANU.
Manchester United plc Reports Q1 2026 Financial Results
MANU
Earnings
Demand Weakening
Debt Issuance
- Manchester United plc reported a 2.0% decrease in total revenue to £140.3 million for the three months ended 30 September 2025, primarily due to a decline in broadcasting revenue as the men's first team did not participate in UEFA competitions in the current year quarter.
- The company recorded a loss after tax of £6.7 million for the three months ended 30 September 2025, compared to a profit of £1.4 million in the prior year quarter. This was impacted by an increase in net finance costs to £21.4 million from a net finance income of £8.6 million, largely due to unfavorable foreign exchange rates.
- Net cash outflow from operating activities was £1.3 million for the three months ended 30 September 2025, a decrease from a £13.3 million inflow in the prior year, mainly due to lower cash generated from operations.
- As of 30 September 2025, total borrowings stood at £749.2 million, including £315.0 million in senior secured notes, £166.2 million in a secured term loan facility, and £265.0 million in outstanding revolving facilities. The company also held £80.5 million in cash resources and had access to an undrawn revolving facility of £85 million.
Dec 12, 2025, 9:00 PM
Manchester United Reports Q1 Loss Amid Revenue Decline
MANU
Earnings
Guidance Update
New Projects/Investments
- Manchester United reported a net loss of £6.6 million for the first quarter, reversing a profit from the prior year, primarily due to a 2% decline in total revenue to £140.3 million caused by reduced broadcasting revenue and ticket sales from the club's non-participation in European competitions.
- Despite the net loss, the club achieved an operating profit of £13.0 million and adjusted EBITDA of £26.9 million for the quarter, improvements attributed to cost and headcount reduction programs including an 8.2% cut in player and staff wages.
- The club maintained its fiscal 2026 revenue guidance of £640 million to £660 million and adjusted EBITDA guidance of £180 million to £200 million, while also investing approximately £230 million in the summer transfer window and planning a new £2 billion stadium.
Dec 11, 2025, 12:20 PM
Manchester United PLC Reports First Quarter Fiscal 2026 Results
MANU
Earnings
Guidance Update
Debt Issuance
- Manchester United PLC reported total revenues of £140.3 million and adjusted EBITDA of £26.9 million for the first quarter of fiscal 2026, compared to £143.1 million and £23.7 million respectively in the first quarter of fiscal 2025.
- The company achieved an operating profit of £13.0 million for Q1 FY26, a significant improvement from an operating loss of £7.0 million in Q1 FY25, due to the impact of operating cost and headcount reduction programs implemented in the previous year.
- For the first quarter of fiscal 2026, the company recorded a net loss of £6.6 million, or (3.85 pence) per share, compared to a profit of £1.4 million, or 0.78 pence per share, in the prior year quarter, primarily due to an unfavorable swing in foreign exchange rates impacting net finance costs.
- Manchester United PLC reiterated its full-year fiscal 2026 guidance for total revenues of £640 million to £660 million and adjusted EBITDA of £180 million to £200 million.
Dec 11, 2025, 12:00 PM
Manchester United Reports Q1 Fiscal 2026 Results
MANU
Earnings
Guidance Update
- Manchester United reported total revenues of £140.3 million and adjusted EBITDA of £26.9 million for the first quarter of fiscal 2026, compared to £143.1 million and £23.7 million respectively in the prior year quarter.
- The company achieved an operating profit of £13.0 million for the quarter, a significant improvement from an operating loss of £7.0 million in the first quarter of fiscal 2025, driven by operating cost and headcount reduction programs.
- The net loss for the period was £6.6 million, translating to a basic loss per share of (3.85) pence for Q1 fiscal 2026, contrasting with a profit of £1.4 million and earnings per share of 0.78 pence in Q1 fiscal 2025.
- For fiscal year 2026, the company reiterated its full-year guidance of total revenues between £640 million and £660 million and adjusted EBITDA between £180 million and £200 million.
Dec 11, 2025, 12:00 PM
Manchester United plc Reports Record Fiscal 2025 Results and Provides Fiscal 2026 Guidance
MANU
Earnings
Guidance Update
New Projects/Investments
- Manchester United plc reported record fiscal 2025 total revenues of £666.5 million, driven by record Commercial revenues of £333.3 million and record Matchday revenues of £160.3 million.
- The company's Adjusted EBITDA for fiscal 2025 was £182.8 million, representing a 23.8% increase compared to fiscal 2024, and the operating loss significantly improved to £18.4 million from £69.3 million in the prior year.
- For fiscal year 2026, Manchester United plc introduced revenue guidance of £640 million to £660 million and adjusted EBITDA guidance of £180 million to £200 million.
- The club completed a £50 million investment at its Carrington Training Complex and strengthened both men's and women's first teams with new player signings.
Sep 17, 2025, 11:00 AM
Manchester United Announces Transformation Plan
MANU
Layoffs
- Manchester United plc has unveiled a transformation plan to enhance its financial sustainability and modernise its operating structure, aimed at reversing five consecutive years of losses since 2019.
- The plan includes cost-cutting measures with potential redundancies of 150-200 jobs, adding to the 250 roles removed last year.
- The initiative is part of a broader strategy to get the club back to profitability by streamlining operations and enabling future investments in football success and infrastructure.
Feb 24, 2025, 12:00 AM
Manchester United plc Corporate Release & Interim 2024 Financial Results
MANU
Earnings
Profit Warning
- Revenue Performance: For the three months ended 31 December 2024, Manchester United achieved £198.7m in revenue—12.0% decline from 2023—with a 42.1% fall in broadcasting revenue despite increases in commercial (18.5%) and matchday (9.2%) segments.
- Profit Results: Reported a loss after tax of £27.7m compared to a previous profit of £20.4m, reflecting the impact of exceptional items and rising operating expenses.
- Liquidity & Financial Position: Maintained strong liquidity with £95.5m in cash and access to an undrawn revolving facility of £90.0m, supporting ongoing operations and debt covenant compliance.
- Corporate Disclosure: Issued a corporate release via Exhibit 99.1 in its 6-K filing, underscoring the company's commitment to transparent regulatory communication.
Quarterly earnings call transcripts for Manchester United.
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