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Manchester United ( (MANU) ) just unveiled an announcement.
Manchester United has announced its financial results for the second quarter of fiscal 2025, revealing a decline in total revenues by 12% due to a 42.1% dip in broadcasting revenues linked to its participation in the UEFA Europa League instead of the UEFA Champions League. Despite this, the club saw an 18.5% increase in commercial revenue, fueled by partnerships such as the one with Snapdragon, and a 9.2% rise in matchday revenue, driven by high ticket demand and record memberships. The club also reported a significant drop in operating profit, down to £3.1 million from £27.5 million in the same quarter last year. The ongoing redevelopment of Old Trafford and Carrington Training Complex continues, with UK Government support secured for the stadium’s potential regeneration.
More about Manchester United
Manchester United PLC operates in the sports and entertainment industry, primarily focusing on professional football. The company manages both men’s and women’s football teams, engaging in various competitions like the UEFA Europa League and FA Cup. It also capitalizes on commercial partnerships and e-commerce, with a significant market presence in broadcasting, matchday revenues, and commercial sales.
YTD Price Performance: -7.66%
Average Trading Volume: 226,765
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.65B
Find detailed analytics on MANU stock on TipRanks’ Stock Analysis page.
