Another tough season on the pitches. But economically Man United keeps doing well.
Manchester United’s commercial revenue grew 7 percent in the fiscal third quarter, ended March 31, to £74.7 million ($94.6m) from £69.6 million, as retail, merchandising, and apparel & product licensing improved 11 percent to £32.2 million ($40.8m), driven by the launch of a new e-commerce platform in partnership with Scayle.
Matchday revenue for the quarter increased 50 percent to £44.5 million, thanks to the addition of four more matches at Old Trafford and to strong demand for the club’s hospitality offering. A 4 percent upticjk in sponsorship revenue to £42.5 million is attributed to the new Qualcomm front-of-shirt sponsorship, and was offset partially by other changes in its commercial agreements.
Overall, the red ink narrowed to a loss of £2.7 million from a loss of £71.5 million, on 17 percent higher revenues of £160.6 million against £136.7 million. ManU expects full-year guidance to be at the higher end of £660 to £670 million in revenues and has raised its adjusted Ebitda guidance to between £180 million and £190 million.
