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Manchester United ( (MANU) ) has provided an announcement.
In its interim report for the three months ending December 31, 2024, Manchester United reported a 12% decrease in total revenue compared to the same period in 2023, primarily due to lower broadcasting revenue linked to the team’s participation in the UEFA Europa League instead of the UEFA Champions League. Despite the overall revenue drop, commercial revenues increased by 18.5%, driven by new sponsorship deals and a successful e-commerce partnership, while operating expenses decreased slightly, reflecting the club’s focus on efficiency and cost management.
More about Manchester United
Manchester United is one of the most renowned sports teams globally, celebrated for its significant achievements in football, including 69 trophies and a record 20 English league titles over its 147-year history. The club leverages its vast fan base of 1.1 billion followers to generate substantial revenue from sponsorships, merchandising, broadcasting, and matchday events, attracting partnerships with major companies like adidas, Snapdragon, and Tezos.
YTD Price Performance: -12.07%
Average Trading Volume: 235,054
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.63B
Learn more about MANU stock on TipRanks’ Stock Analysis page.
