Manchester United Shares Jump 7.6% After Q3 EPS Beat, Raises Outlook
MANU•Manchester United reported Q3 adjusted EPS of £0.03 versus a break-even forecast, driving shares up 7.6% premarket. Q3 revenue rose 18.1% to £189.5 million and full-year revenue and adjusted EBITDA guidance were lifted to £655–665 million and £200–210 million respectively.
1. Q3 Earnings Beat Drives Share Rally
Manchester United posted adjusted earnings per share of £0.03 in Q3, surpassing a break-even forecast and sparking a 7.61% jump in premarket trading as investors reacted to the positive surprise.
2. Revenue Growth Fueled by Broadcasting and Commercial
Quarterly revenue climbed 18.1% year-over-year to £189.5 million, with broadcasting revenue up 57.1% to £64.9 million and commercial revenue rising 10.3% to £82.4 million, while matchday revenue dipped 5.2% due to three fewer home fixtures.
3. Upgraded 2026 Guidance and Future Outlook
The club raised full-year fiscal 2026 revenue guidance to £655–665 million and adjusted EBITDA to £200–210 million, with CEO Omar Berrada highlighting the impact of business transformation initiatives and Champions League qualification on future growth.
