Manchester United (MANU) shares hit a new 52-week high on Wednesday, climbing 12.68% to $22.22 after the football club reported fiscal third-quarter 2026 results that topped revenue expectations and raised its full-year outlook.
Quarterly net sales rose to £189.5 million ($255.4 million) from £160.5 million a year earlier, beating Wall Street estimates of $167.1 million. Total revenue increased 18.1% year over year, fueled by a 10.3% gain in commercial revenue and a 57.1% jump in broadcasting revenue. Matchday revenue, however, slipped 5.2% from the prior-year period.
Profitability Improves
Operating profit for the quarter improved to £5.1 million from £700,000 a year earlier. Adjusted EBITDA surged 65.4% to £84.7 million. The company reported adjusted earnings of 4 cents per share, below analysts' expectations of 7 cents per share.
Net finance costs increased to £20.3 million from £3.76 million a year earlier, primarily due to unfavorable foreign exchange movements. The club recorded a £10.3 million unrealized foreign exchange loss tied to unhedged U.S. dollar borrowings.
Club Highlights Men's, Women's And Youth Progress
Chief Executive Omar Berrada said the club remained encouraged by progress on and off the pitch during the season. Berrada highlighted the men's team finishing third in the Premier League and securing qualification for next season's UEFA Champions League. He also credited Michael Carrick for leading the team across 17 matches and confirmed he will remain head coach.
The company also pointed to progress in the women's team, which reached the UEFA Women's Champions League quarterfinals and the League Cup final for the first time, while also returning to the World Sevens Series. At the academy level, the club said reaching both the FA Youth Cup and Premier League 2 playoff finals reflected its continued focus on youth development.
Outlook Raised
For fiscal 2026, Manchester United now expects revenue between £655 million and £665 million, compared with its prior forecast range of £640 million to £660 million. Analysts currently expect revenue of £653.4 million. The club also raised its adjusted EBITDA guidance to between £200 million and £210 million, up from its previous outlook of £180 million to £200 million.
MANU Price Action: Manchester United shares were up 12.68% at $22.22 at the time of publication on Wednesday. The stock is trading at a new 52-week high, according to market data.
