Manchester United Reports Strong Q3 Financial Performance Amid Challenging Season

Manchester United has released its financial results for the third fiscal quarter ending 31 March 2025, reporting a 17.4% year-over-year increase in total revenue.

Despite an underwhelming domestic campaign—­finishing 15th in the Premier League—and a defeat to Tottenham Hotspur in the UEFA Europa League Final, the club posted an operating profit of £0.7 million for the quarter. This marks a notable turnaround from an operating loss of £66.2 million in the same period last year. Adjusted EBITDA rose to £51.2 million, representing a 274% increase compared to Q3 of fiscal 2024.

Revenue growth was observed across all three core income streams. This uplift was attributed to the club’s extended participation in European competition and strong demand for its hospitality offerings during the quarter.

Looking ahead, the club has narrowed its full-year revenue guidance to a range of £660 million to £670 million, while raising its Adjusted EBITDA forecast to between £180 million and £190 million.

Omar Berrada, Chief Executive Officer of Manchester United, remarked: “We were proud to reach the final of the UEFA Europa League, but ultimately, we were disappointed to finish as runner-up in Bilbao. We had a difficult season in the Premier League, which we all know fell below our standards and we have a clear expectation of improvement next season."

He continued: “We have been pleased with the performance of our women’s team, with a third placed league finish, enabling us to qualify for the UEFA Champions League and once again reaching the FA Cup Final."

Berrada also highlighted ongoing infrastructure initiatives: “We remain focused on infrastructure, with the redevelopment of our Carrington Training Complex continuing and on track, which will be the heart of our club, providing world class facilities for all our teams and our staff."

He further emphasised the club’s long-term vision for growth: “We have also announced our aspiration to pursue a new 100,000 seat stadium, sitting at the heart of the regeneration of the Old Trafford area, which would be a catalyst for growth and investment in our local community. We are continuing to work with all the relevant stakeholders, including central Government, to support their vision for growth.”

The club’s results underscore a strong commercial foundation and resilience, despite on-pitch challenges, as it continues to invest in its long-term strategic goals.