Image credit: FC Business |
By Tunji Faleye with agency news
Manchester United has reported a 17.4% jump
in total revenue for its fiscal third quarter ending March 31, 2025, even as
the club endured a disappointing season on the pitch.
The Premier
League giants, who finished a lowly 15th in the domestic league and fell to Tottenham
in the UEFA Europa League Final, posted a quarterly operating profit of
£0.7 million. This marked a sharp turnaround from an operating loss of £66.2
million during the same period last year. Adjusted EBITDA also saw a
substantial boost, reaching £51.2 million—an increase of 274% year-on-year.
Revenue gains
were recorded across all major income streams. The club credited its extended
European campaign and robust demand for matchday hospitality as major
contributors to the improved figures.
Looking
ahead, United has slightly revised its revenue forecast for the full fiscal
year, narrowing it to between £660 million and £670 million. The club, however,
raised its adjusted EBITDA projection to a range of £180 million to £190
million.
Chief
Executive Officer Omar Berrada acknowledged the mixed results. “While reaching
the Europa League Final was a proud moment, falling short in Bilbao was
disappointing. Our Premier League performance did not meet expectations, and
we’re determined to improve next season,” he said.
Berrada also
highlighted bright spots elsewhere in the club: “Our women’s team had a strong
campaign, finishing third in the league to secure UEFA Champions League
qualification and making another run to the FA Cup Final.”
Off the
pitch, United remains focused on long-term development projects. The overhaul
of the Carrington Training Complex is progressing as planned, and discussions
continue around an ambitious proposal to build a new 100,000-seat stadium in
the Old Trafford area.
“Our vision
is to create a world-class facility at the heart of a wider regeneration
initiative,” Berrada added, noting that the club is working closely with
government and other stakeholders to help bring the project to life.
Kindly like, share and leave your comments.
0 Comments