Manchester United Reports Q4 Non-GAAP Loss per Share and Declining Revenue
Manchester United reported a fourth-quarter non-GAAP loss of -£0.1636 per share with revenue falling to £157.5 million, representing a 4% year-over-year decline. The company's adjusted EBITDA also dropped slightly to £28.9 million from £37.5 million in the same period last year due to various factors not fully explained. The results reflect ongoing challenges for the club as it navigates financial pressures and operational adjustments following recent management changes and strategic shifts under new ownership.
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Topics: football revenue_decline sports_ownership