Manchester United has revised its full-year core profit forecast upward to between £180 million and £190 million, boosted by its impressive Europa League campaign, which ended in a narrow 1–0 loss to Tottenham in the final.
This updated forecast for adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) excludes items like player transfer profits and finance costs. It marks a significant increase from the earlier projection of £145 million to £160 million.
Despite their strong European performance, United suffered their worst domestic league finish in over five decades, ending the Premier League season in 15th place.
However, the club’s total revenue rose by 17.4% year-on-year to £160.5 million for the quarter ending March 31. Matchday revenue soared to £44.5 million, reflecting a more congested home fixture schedule.
United also benefited from a 20.4% reduction in operating costs, largely due to their absence from the more lucrative Champions League and the January loan departures of Marcus Rashford and Antony. A redundancy programme initiated under minority owner Jim Ratcliffe, affecting non-playing staff, further cut expenses.
CEO Omar Berrada commented:
“We were proud to reach the UEFA Europa League final but disappointed to finish as runners-up. Our Premier League performance fell below expectations, and we are focused on significant improvement next season.”
Mager Ruben Amorim has already begun a major squad overhaul. The club has completed the £62.5 million signing of Wolves forward Matheus Cunha and is reportedly pursuing Brentford winger Bryan Mbeumo as part of the summer transfer activity.
