Manchester United Q4 revenue falls on lower commercial income

Manchester United

23/09/2026 12:11

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: ID:nBw6ljzcta

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.)