NYSE$MANU
Manchester United · Q3 2026 earnings
Q3 2026 earnings · · Before market open · Investor relations
Briefing
Manchester United reported strong Q3 2026 results with revenue growth and raised full-year guidance.
Manchester United Plc reported fiscal Q3 2026 results for the three months ended 31 March 2026, with total revenue rising 18.1% to £189.5 million driven by broadcasting and commercial gains. Adjusted EBITDA surged 65.4% to £84.7 million, while the company posted a statutory net loss of £11.8 million. Management raised fiscal 2026 revenue guidance to £655-£665 million and adjusted EBITDA to £200-£210 million.
- Total revenue increased 18.1% year-over-year to £189.5 million, with broadcasting revenue up 57.1% to £64.9 million.
- Adjusted EBITDA rose 65.4% to £84.7 million, reflecting operating efficiencies and improved Premier League performance.
- Statutory net loss widened to £11.8 million due to exceptional items of £16.7 million and higher net finance costs.
- Full-year 2026 guidance raised to revenue of £655-£665 million and adjusted EBITDA of £200-£210 million.
Headline financials
Revenue & EPS history
Manchester United · Revenue · Quarterly
£190M
Revenue by segment
Manchester United · £190M total across 3 segments · Q3 2026
- Commercial£82.4M+10.3%43.5%
- Broadcasting£64.9M+57.1%34.2%
- Matchday£42.2M-5.2%22.3%
Forward guidance
Fiscal 2026 revenue guidance raised to £655-£665 million and adjusted EBITDA to £200-£210 million.
Tailwinds
- Raised full-year revenue and adjusted EBITDA guidance
- Secured UEFA Champions League qualification
- Continued benefits from cost reduction programs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+0.4%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+4.2%
Avg return
30 days after
50%
6 / 12 earnings
Positive
+18.8%
Q3 2025
Best reaction
-6.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -2.1% | -0.1% | -7.8% | |
| Q4 2025 | -6.4% | -7.6% | +9.2% | |
| Q3 2025 | +18.8% | +22.3% | +26.7% | |
| Q1 2025 | -3.0% | +0.0% | -3.2% | |
| Q4 2024 | +1.1% | +0.6% | +4.6% | |
| Q2 2024 | -1.2% | -1.4% | -4.4% | |
| Q4 2014 | +1.4% | — | — | |
| Q3 2014 | -4.3% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | +0.3% | — | — | |
| Q4 2012 | +1.1% | — | — | |
| Q1 2013 | -3.8% | — | — | |
| Q2 2011 | — | — | — | |
| Q1 2011 | — | — | — | |
| Q4 2011 | — | — | — |
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