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Manchester United Faces Tough Q3: Sales Plunge 19.6%, Matchday Revenue Crashes 40.7%

Manchester United PLC (NYSE:MANU) reported a third-quarter FY24 sales decline of 19.6% year-on-year to 136.7 million British pounds or $173.37 million, beating the analyst consensus estimate of $162.92 million. Broadcasting revenue declined 26%, Commercial revenue rose 0.3%, and Matchday revenue plunged 40.7%. The operating loss for the quarter expanded sharply to 66.2 million pounds. Adjusted EBITDA was 13.7 million pounds versus 39.7 million pounds ...