Manchester United's Q3 revenue rises 18%, lifts FY outlook

Manchester United

27/05/2026 12:11

Overview
UK football club's fiscal Q3 revenue rose 18% yr/yr, driven by higher broadcasting and commercial income
Adjusted EBITDA for fiscal Q3 grew 65% yr/yr
Company raised full-year revenue and adjusted EBITDA guidance

Outlook
Manchester United raises fiscal 2026 revenue guidance to £655 mln–£665 mln
Company lifts fiscal 2026 adjusted EBITDA guidance to £200 mln–£210 mln

Result Drivers
BROADCASTING REVENUE - Higher estimated Premier League finish and increased value of international broadcasting rights lifted broadcasting revenue by 57.1%
COMMERCIAL REVENUE MIX - Retail and merchandising sales rose 36.3%, offsetting drop in sponsorship income after end of Tezos training kit deal
COST CONTROL - Lower employee benefit and other operating expenses reflected ongoing cost and headcount reduction programs

Company press release: ID:nBw6yV8Zja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
GBP 189.50 mln
GBP 167.13 mln (2 Analysts)
Q3 Adjusted Net Income
Beat
GBP 5.10 mln
-GBP 7.50 mln (1 Analyst)
Q3 Net Income
 
-GBP 11.80 mln
 
Q3 Adjusted EBITDA
Beat
GBP 84.7 mln
GBP 61.53 mln (2 Analysts)
Q3 Basic EPS
 
-GBP 0.07
 
Q3 Operating Income
 
GBP 5.10 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.)