Manchester United Stock Drops After Mixed Earnings Report
Shares of Manchester United (NYSE: MANU) fell by about 2% in early trading after the club reported mixed financial results for fiscal year 2026. Despite setting a new revenue record at £677.6 million ($899 million), up from last year, and turning an operating profit of £22.6 million ($30 million) compared to a loss previously, Manchester United still posted a net loss of £43 million ($57 million). The club attributed the weak performance primarily to missing out on UEFA competitions this season. Looking ahead, management expects improved financial results in fiscal 2027 as the Men’s team is set to return to the UEFA Champions League. Revenue guidance for next year ranges between £740 million and £760 million — a potential 12% increase from FY2026 levels. However, adjusted EBITDA guidance of £205–£225 million suggests that profits may not rise as much despite higher revenue. Investors were left with uncertainty due to the lack of net earnings guidance and concerns over profit growth. While Manchester United's Women’s team had a strong season in 2025/26, it was insufficient to offset losses from the Men’s side missing UEFA competitions.
Tickers: $MANU
Topics: finance loss_reporting revenue_growth sports