Manchester United Q2 Sales Fall 4.2% to £190.3M; Profit at £19.6M
Manchester United reported second-quarter net sales of 190.31 million pounds, down 4.2% year over year and missing the 301.52 million-pound estimate. Operating profit rose to 19.6 million pounds from 3.1 million and adjusted EBITDA climbed to 76.0 million pounds, while full-year revenue guidance was reaffirmed at 640–660 million pounds.
1. Quarterly Performance
Manchester United recorded Q2 net sales of 190.31 million pounds, down 4.2% year over year, driven by a 7.8% drop in commercial revenue and a 4.8% decline in matchday income, partially offset by a 1.1% rise in broadcasting revenue.
2. Profitability Gains
Operating profit surged to 19.6 million pounds from 3.1 million in the prior-year quarter, supported by a 7.8% increase in adjusted EBITDA to 76.0 million pounds and lower net finance costs of 13.9 million pounds.
3. Guidance Outlook
The club reaffirmed fiscal 2026 revenue guidance in a range of 640 million to 660 million pounds and maintained adjusted EBITDA expectations between 180 million and 200 million pounds, reflecting confidence in its cost-reduction and revenue strategies.