Manchester United Reports Q1 Loss but Maintains Full-Year Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2025
0mins
Should l Buy MANU?
Source: NASDAQ.COM
Financial Performance: Manchester United reported a loss before income tax of £8.46 million for Q1, a decline from a profit of £1.63 million in the same quarter last year.
Net Loss and Adjusted Figures: The company experienced a net loss of £6.64 million, compared to a net profit of £1.33 million a year ago, with an adjusted loss of £2.56 million, wider than the previous year's £349,000.
Revenue and EBITDA: Revenue decreased by 2% to £140.3 million, while adjusted EBITDA increased by 13.5% to £26.9 million compared to the previous year.
Future Expectations: For fiscal 2025, Manchester United anticipates revenues between £640 million and £660 million, and adjusted EBITDA between £180 million and £200 million.
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Analyst Views on MANU
About MANU
Manchester United plc and its subsidiaries are a men’s and women’s professional football club together with related and ancillary activities. It generates revenue from multiple sources, including Commercial, Broadcasting and Matchday. Within the Commercial sector, it monetizes its global brand via two revenue streams: sponsorship and retail, merchandising, apparel, and product licensing. It benefits from the distribution of live football content directly from the revenue it receives and indirectly through increased global exposure to its commercial partners. Its broadcasting revenue is derived from the television rights relating to the Premier League, UEFA club competitions and other competitions. In addition, its wholly owned global television channel, MUTV, delivers Manchester United programming to territories around the world. Matchday operates Old Trafford, a football club stadium with over 74,197 seats, inclusive of accessible platforms accommodating 556 disabled supporters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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