Manchester United delivered record fiscal 2026 results, swinging to an operating profit of £22.6 million as the club prepares for future growth through new commercial partnerships and stadium development plans.
Manchester United posted record revenue and beat estimates, with Jefferies remaining constructive on long-term value despite conservative EBITDA guidance.
Manchester United reported record fiscal 2026 revenue of £677.6 million, surpassing Jefferies' estimates despite the absence of Champions League football. The club achieved an operating profit of £22.6 million, driven by disciplined cost management and improved broadcasting performance, while management issued conservative EBITDA guidance for 2027.
The decline was primarily driven by the expiration of the club's partnership with Tezos, though new deals with Betway and SumUp are expected to improve this segment moving forward.