Manchester United plc reports recurring developments from its professional football club and sports entertainment business. News commonly covers fiscal results, revenue guidance, operating profitability, cost-reduction programs, and the club's commercial, broadcasting and matchday revenue streams.
Company updates also address sponsorship and licensing partnerships, retail and merchandising activity, men's and women's team performance, UEFA and domestic competition participation, hospitality demand, and compliance with Premier League Profit and Sustainability Rules and UEFA Financial Fair Play Regulations.
Manchester United (NYSE: MANU) reported its fiscal Q1 2021 results, showing total revenue of £109.0 million, a 19.5% decline from £135.4 million in Q1 2020. Commercial revenue fell 25.7% to £59.7 million while broadcasting revenue increased 44.7% to £47.6 million. Matchday revenue plummeted 92.3% to £1.7 million due to COVID-19 disruptions. The club recorded an operating loss of £27.1 million and a net loss of £30.3 million. Cash and cash equivalents decreased by 58% to £58.9 million. A semi-annual dividend of $0.09 per share is set for payment on January 7, 2021.
Manchester United plc (NYSE: MANU) will report its Q1 fiscal 2021 results on November 13, 2020, at 7:00 AM EDT. As a leading sports team with a 142-year history, Manchester United has won 66 trophies and boasts a global fan base of 1.1 billion, allowing significant revenue generation through sponsorships, merchandising, broadcasting, and matchday initiatives. This financial performance is vital for continuous reinvestment in the club.
Manchester United (NYSE: MANU) has launched a new TikTok channel aiming to inspire and entertain millions of fans with exclusive content. The channel, @manutd, will showcase engaging short-form videos of players from the first team, Under-23s, and Women's teams, offering a unique perspective for a global audience. This partnership emphasizes Manchester United's commitment to innovative content creation, targeting youth audiences and featuring augmented reality experiences. The club boasts a passionate fan base of 1.1 billion, generating revenue through sponsorships, merchandising, and broadcasting.
Manchester United (NYSE: MANU) reported a significant revenue decline for the fiscal year ending June 30, 2020, with total revenue falling to £509 million, down 18.8% from the previous year. Broadcasting revenue plummeted by 41.9% to £140.2 million, while matchday revenue decreased 19% to £89.8 million, primarily due to COVID-19 disruptions. A net loss of £23.2 million was reported, resulting in a basic loss per share of 14.14 pence. The club's cash reserves dropped by 83.3% to £51.5 million, with net debt increasing to £474.1 million, a 132.9% rise year-on-year.
Manchester United plc (NYSE:MANU) will report its fourth quarter fiscal 2020 results for the period ended June 30, 2020, on October 21, 2020, at 7:00 AM EDT. A conference call will follow at 8:00 AM EDT to discuss the results.
A live webcast of the call can be accessed on the club's investor relations website, with a replay available for 30 days post-event.
With a rich 142-year history, Manchester United boasts a fanbase of 1.1 billion, generating revenue through multiple streams, including sponsorships, merchandising, and broadcasting.