Manchester United PLC Reports Fourth Quarter and Full Year Fiscal 2026 Results
Manchester United reported record FY26 revenue of £677.6 million (up 1.7%) and record adjusted EBITDA of £216.4 million, up 18.4%, achieved without UEFA competition. The club swung to a £22.6 million operating profit from a £18.4 million operating loss, helped by cost and headcount reductions and a 3rd-place Premier League finish. However, the net loss widened to £43.0 million from £33.0 million, and Q4 revenue fell 4.0% to £157.5 million on match phasing and the absence of a prior-year post-season tour. Management introduced FY27 guidance of £740-760 million revenue and £205-225 million adjusted EBITDA, with Champions League football returning to Old Trafford.
Key figures
- Eps
- (24.91) pence basic loss per share FY26
- Revenue
- £677.6 million
- Guidance
- FY27 revenue £740 million to £760 million; adjusted EBITDA £205 million to £225 million
- Revenue Yoy
- 1.7%
- Net loss
- £43.0 million
- Q4 revenue
- £157.5 million
- Adjusted ebitda
- £216.4 million
- Operating profit
- £22.6 million
- Stadium capacity
- 100,000 seater
- Q4 adjusted ebitda
- £28.9 million
- Stadium land spend
- £63.5 million
- Adjusted ebitda yoy
- 18.4%
- Cash and equivalents
- £67.2 million
- Net cash inflow operating
- £178.7 million
- Non current borrowings usd
- $775.0 million
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