Manchester United Ltd. Class A Ordinary Shares (MANU)
13.79
-0.13 (-0.97%)
Manchester United Ltd is a prestigious sports and entertainment organization renowned for its professional football team based in Manchester, England
Established in the late 19th century, the company has built a global brand around its soccer operations, engaging millions of fans through the sport. In addition to its competitive football activities, Manchester United is involved in various commercial ventures, including merchandising, sponsorships, and broadcasting rights, which contribute significantly to its revenue. The club's iconic Old Trafford stadium serves as a hub for live sports and events, further enriching the fan experience and bolstering its long-standing legacy in the world of sports.
As part of a major restructuring, Manchester United plc (NYSEMANU) expects up to 200 job cuts. This comes after reducing 250 roles last year, as the club works toward reversing financial losses and strengthening its overall operations.
ManUtd's fiscal Q1 2025 sales decline by 8.9% to 143.1M British pounds, missing analyst estimate. Operating loss of (6.9)M pounds, adj. EBITDA of 23.7M pounds, EPS loss of (0.21) pence, revenue outlook of 650M-670M pounds.
Manchester United reported a Q4 sales decline of 15.0% year-on-year to 142.2 million pounds, missing analyst estimate. Operating loss was 32.4 million pounds and adjusted EPS loss was $0.20. Company expects fiscal 2025 revenue of 650-670 million pounds and adjusted EBITDA of 145-160 million pounds.
Manchester United reported a 19.6% drop in Q3 FY24 sales, surpassing the consensus estimate of $162.92 million. Broadcasting revenue fell 26%, while commercial revenue edged up 0.3%.
The market’s bullish bias will likely be put to the test on Wednesday as some key market-moving catalysts due this week could pose a threat to the upward momentum.
Publicly traded Manchester United reports Q3 results Wednesday. The results come after the team struggled in the 2023-2024 EPL season and will miss the Champions League.
The goal of owning a professional sports team is out of reach for most people. Valuations are exorbitantly high, and there are a limited number of publicly traded teams for sale.
