Manchester United (MANU) announced Wednesday a first-quarter net loss of 25.8 British pounds or 15.79 pence per basic share, narrower than 26.5 pounds or 16.26 pence per basic share in the prior-year quarter.
Excluding items, adjusted loss per basic share for the quarter was 5.27 pence, compared to 6.08 pence in the year-ago quarter.
Total revenues for the quarter grew 9.3 percent to 157.1 pounds from 143.7 pounds in the same quarter last year.
Broadcasting revenue grew 12.3 percent to 39.3 pounds, commercial revenue improved 3.4 percent to 90.4 pounds and matchday revenue increased 28.6 percent to 27.4 pounds from last year.
Looking ahead to fiscal 2024, the company is now forecasting revenue in a range of 635 million pounds to 665 million pounds, down from the prior guidance of 650 million pounds to 680 million pounds.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.