MANCHESTER - Manchester United plc (NYSE:MANU) shares gained 1.9% after the English football club reaffirmed its full-year revenue guidance, despite reporting lower first quarter revenue and a wider loss than analysts expected.
The Premier League club posted revenue of £143.1 million for the fiscal first quarter ended September 30, down 8.9% YoY and below the consensus estimate of £180 million. Adjusted loss per share widened to £0.21, compared to analyst expectations of a £0.20 loss per share.
Commercial revenue fell 5.6% to £85.3 million, while broadcasting revenue dropped 20.4% to £31.3 million due to the team participating in the UEFA Europa League instead of the more lucrative Champions League. Matchday revenue declined 3.3% to £26.5 million.
Despite the revenue miss, Manchester United reiterated its full-year 2025 guidance, projecting revenue of £650-670 million. This compares to analyst estimates of £666.3 million.
The company noted it signed a new global sponsorship deal with Heineken (AS:HEIN) until June 2028, with Tiger Beer becoming the official beer partner. It also renewed sponsorships with DHL, Hong Kong Jockey Club and Konami during the quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.