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Investing.com -- Manchester United (NYSE:MANU) reported a 12% YoY decline in second quarter revenue to £198.7 million, reflecting the club’s absence from the Champions League.
Despite the overall decrease, the Premier League club saw increases in commercial and match day revenues.
The football giant’s commercial revenue rose to £85.1 million, driven by a new front-of-shirt sponsorship deal with Qualcomm (NASDAQ:QCOM)’s Snapdragon brand. Broadcasting revenue for the quarter stood at £61.6 million.
Manchester United reported adjusted EBITDA of £70.5 million for the period ended December 31.
Chief Executive Officer Omar Berrada acknowledged the team’s on-field challenges, stating, "We recognize the challenges in improving our men’s team’s league position. We are all working hard, collectively to achieve that."
Looking ahead, Manchester United reiterated its fiscal 2025 revenue guidance of £650 million to £670 million. The company now expects adjusted EBITDA to be at the high end of its previously issued range of £145 million to £160 million.
The results come as Manchester United completes its first year with Jim Ratcliffe as a minority owner, highlighting the ongoing efforts to revitalize the club’s performance both on and off the pitch.
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