Manchester United plc (MANU) Wednesday reported net loss of 27.75 million pounds or 16.35p per share for the second quarter, compared with net income of 20.37 million pounds or 12.44p per share in the same quarter a year ago, primarily impacted by decline in revenue as well as higher finance costs.
Net finance costs increased to 37.56 million pounds from 275,000 pounds in the prior year.
The company posted operating profit of 3.05 million pounds, down from 27.49 million pounds last year.
Revenue for the quarter declined to 198.7 million pounds from 225.76 million pounds in the previous year, mainly due to lower Broadcasting revenues.
For fiscal 2025, the company continues to expect revenue to be in the range of 650 million pounds - 670 million pounds. It currently expects the guidance for adjusted EBITDA or adjusted earnings before interest, taxes, depreciation, and amortization to be at the high end of its previous outlook of 145 million pounds to 160 million pounds.
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