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Manchester United Clocks 26% Revenue Growth In Q4

Benzinga Real-time News ·  Sep 22, 2022 10:11
  • Manchester United PLC (NYSE:MANU) reported fourth-quarter FY22 sales growth of 26.1% year-on-year to £118.5 million.
  • Broadcasting revenue declined 15.5%, Commercial revenue rose 22.4%, and Matchday revenue jumped 830.4%.
  • The operating loss for the quarter expanded to £(60.7) million. Adjusted EBITDA loss was £(8.4) million versus £(10.5) million last year.
  • Adjusted basic loss per share for the period narrowed to (12.38) pence versus (20.67) pence last year.
  • The company held £121.2 million in cash and equivalents as of June 30, 2022. Net cash inflow from operating activities for the year was £96.4 million.
  • Net debt as of June 30, 2022, was £514.9 million.
  • Outlook: Manchester United expects FY23 revenue of £580 million - £600 million.
  • It sees FY23 adjusted EBITDA of £100 million - £110 million.
  • Price Action: MANU shares are trading lower by 1.78% at $13.24 on the last check Thursday.
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