Manchester United Posts Record Fiscal 2026 Revenue of £677.6 Million

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Summary · why it matters

Manchester United Plc reported record fiscal 2026 revenue of £677.6 million and adjusted EBITDA of £216.4 million, both ahead of Jefferies' estimates of £665 million and £210 million, as the club returned to operating profit despite playing the year without Champions League football. The club swung to an operating profit of £22.6 million, compared with an £18.4 million loss a year earlier. Fourth-quarter revenue of £157.5 million and adjusted EBITDA of £28.9 million topped Jefferies' £145 million and £22 million estimates, even as both metrics fell year-over-year, down 4.0% and 22.9% respectively. Broadcasting was the only segment to grow in the quarter, rising 28.4% to £49.7 million, while sponsorship revenue fell 26.2% in the quarter and 14.8% for the full year on the roll-off of the Tezos partnership, with new sleeve and training kit deals with SumUp and Betway since filling both slots. Full-year operating expenses fell £31.8 million, or 4.3%, to £701.9 million, and adjusted EBITDA margin expanded roughly 450 basis points to 31.9%. Management secured land for a proposed 100,000-seat stadium, accounting for £63.5 million of the year's £85.9 million in property, plant and equipment spending, and guided fiscal 2027 revenue to £740-760 million, growth of 9-12%, with adjusted EBITDA of £205-225 million.

Impact on assets 2

Communication Services▲ · 1 stocks
Manchester United Ltd
MANU
▲ PositiveCapitalrelevance

Manchester United reported record fiscal 2026 revenue and adjusted EBITDA above Jefferies estimates, swung to an operating profit, and guided fiscal 2027 revenue growth of 9-12%.

Financials▲ · 1 stocks
Jefferies Financial Group Inc
JEF
± MixedCapitalrelevance

Jefferies' estimates were beaten by Man United's revenue and EBITDA, but the article only cites Jefferies as the analyst benchmark, not a company-specific development.

Off-coverage companies 2

BetwayPrivate▲ Positive
Demandrelevance

Betway's new training kit deal filled the other vacated sponsorship slot, a concrete commercial deal for the brand.

SumUpPrivate▲ Positive
Demandrelevance

SumUp's new sleeve sponsorship deal filled a slot after the Tezos partnership rolled off, a concrete commercial deal for the brand.

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