Manchester United
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Manchester United (MANU) investor relations material

Manchester United Q4 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2026 earnings summary23 Sep, 2026

Executive summary

  • Achieved record full year revenue of £677.6 million, up 1.7% year-over-year, despite no UEFA competition participation.

  • Operating profit for the year reached £22.6 million, reversing a prior year loss of £18.4 million, driven by cost and headcount reductions and improved Premier League performance.

  • Adjusted EBITDA hit a record £216.4 million, up 18.4% from fiscal 2025.

  • Net loss for the year was £43.0 million, compared to £33.0 million in the prior year.

  • Men's team finished 3rd in the Premier League, returning to the UEFA Champions League for 2026/27.

Financial highlights

  • Full year revenue: £677.6 million (+1.7% YoY); Q4 revenue: £157.5 million (-4.0% YoY).

  • Adjusted EBITDA: £216.4 million (+18.4% YoY); Q4 adjusted EBITDA: £28.9 million (-22.9% YoY).

  • Operating profit: £22.6 million (vs. £18.4 million loss prior year).

  • Net loss: £43.0 million (vs. £33.0 million loss prior year).

  • Commercial revenue fell 4.8% YoY; broadcasting revenue rose 19.6% YoY; matchday revenue fell 4.2% YoY.

Outlook and guidance

  • Fiscal 2027 revenue guidance: £740–£760 million; adjusted EBITDA guidance: £205–£225 million.

  • Guidance reflects return to UEFA Champions League and higher player/staff costs.

  • Club remains compliant with Premier League and UEFA financial regulations.

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